No dis-allowanxe for short deduction of TDS due to difference of opinion: ITAT
Short deduction of TDS under bonafide wrong impression, due to difference of opinion as regards taxability of any item, is…
Month: December 2017
Profit club not taxable on the concept of Mutuality !!
Club can avail of doctrine of mutuality w.r.t. surplus amount received. As contributions or price for some of facilities availed…
RELAXATION TO NRI FROM FILING OF RETURN OF INCOME
NRI FROM FILING Income Tax Act provides for filing of returns by assessees if the gross income is in excess of exemption…
Exemption Claimed in Tax Return Citing Wrong Section or Provision?
Exemption Claimed in Tax Return Citing Wrong Section or Provision Here is the Solution……. Yes friends you heard rightly. Now…
LOSSES CAN BE CARRIED FORWARD EVEN IF RETURN IS FILLED AFTER DUE DATE OF FILLING OF RETURN OF INCOME
SOME LOSSES CAN BE CARRY FORWARD EVEN IF RETURN IS FILE AFTER DUE DATE OF FILLING OF RETURN OF INCOME …
Few laws
IT JUDGEMENTS Three Imp Verdicts On Core Issues + Article By Luminary On Law Relating To Cash Transactions. CIT vs.…
Avoid investing in Bitcoins !! Be Cautious!!
Ministry of Finance Government Cautions People Against Risks in Investing in Virtual ‘Currencies’; Says VCs are like Ponzi Schemes The…
54EE – FUND TO BE ESTABLISHED FOR “START UP INDIA ACTION PLAN” …
54EE – EXEMPTION OF LONG TERM CAPITAL GAINS ON INVESTMENT IN NOTIFIED UNITS OF SPECIFIED FUND (FUND TO BE ESTABLISHED…
Promoting Digital Economy vide changes made by Finance Act 2017 to the Income Tax Act
Promoting Digital Economy vide changes made by Finance Act 2017 to the Income Tax Act Some of the major changes…
What If Return Filled in Wrong tax Form?
What If Return Filled in Wrong tax Form? Many time people fails to understand the Wrong tax form of return…
Actual sale consideration, not stamp duty valuation, is important for claiming capital gain exemption u/s 54F
INCOME TAX OFFICER vs. SHRI RAJ KUMAR PARASHAR : ITAT- JAIPUR BENCH Exemption under s.54F: Capital gains— Exemption under s.54F: Full…
Protective addition in hands of shareholder is not apt, if substantive addition was already made in another hands
Any protective addition in hands of shareholder is not apt. If substantive addition was already make in hands of overseas…
Being a legal Heir, Many Time People Faced a Challenge of Filling of Return Of Income !!
When an earning member of family dies the family face many challenges. They require to manage many things by their…
I Have Received Notice u/s 139(9) Declaring My Return As Defective. What To Do Now?
u/s 139(9) Declaring My Return As Defective Return As Defective Notice u/s 139(9) are normal during these days. This are…
Caution – Income on sale of Rural Agricultural Land can also be Taxed !!
Income from sale of agriculturl land is to be taxed as business income. If assessee’s business as per MoA is…
Non Maintenance of the stock register cannot form the basis of rejection of the assessee’s books of accounts
stock register Non Maintenance of the stock Register cannot form the basis of rejection of the assessee’s books of accounts…
Addition u/s 68 on the ground that Gift are not Genuine is a question of Fact – Court not to intervene !!
Addition u/s 68 on the ground that Gift are not Genuine is a question of Fact – Court not to…
CBDT BANS ADJOURNMENT BY DR’s IN ITAT WITHOUT SUBSTANTIAL CAUSE
CBDT BANS ADJOURNMENT BY DR’s IN ITAT WITHOUT SUBSTANTIAL CAUSE The Delhi High Court in Showa Corporation vs. Dy. Commissioner…
