ArticleIncome TaxPossible to claim both HRA exemption and adjustment of negative income from house property?7 Dec 20180I am working in Mumbai and pay rent for ahouse which i have currently occupied. I want to purchase a…
Company LawSignificance of Compliance.7 Dec 20180“If you think Compliance is expensive, trynon-compliance!!” Dear readers, As you all are aware; in presence scenario Government is getting…
Income TaxPersons not liable to obtain GST registration:(sec23 of cgst act)7 Dec 20180I am discussing provisions of sec23 and also up to date relevant circular and notification. Persons engaged exclusively in supplyinggoods/services/both…
IT JudgementFailure to get accounts audited Penalty under section 271B.7 Dec 20180PATELAMBALAL SOMNATH SARKAR vs. INCOME TAX OFFICER ITAT, AHMEDABAD ‘SMC’ BENCH R.P. Garg, Vice President ITA No. 1814/Ahd/2001 29th April,…
Income TaxIT JudgementDeeming fiction: ‘Property is let’ cannot be ‘property actually let out’.7 Dec 20180Meaning and interpretation of the words ‘property is let’ cannot be ‘property actually let out’. Thus, if a property is…
ArticleIncome TaxTax is required to be deducted at source under section 193 or section 195.7 Dec 20180SECTION 193 DEDUCTION OF TAX AT SOURCE – INTEREST ON SECURITIES Tax is required to be deducted at source under…
Income TaxBy-product retained by miller couldn’t be considered as payment for milling of paddy- No TDS apply.7 Dec 20180By-product retained by miller couldn’t be considered as payment for milling of paddy Facts: a) Assessee was a procurement agency…