Assessee is entitled to claim of depreciation on road to collect toll being an intangible asset falling within purview of section 32(1)(ii).
Reassessment initiated on statement of hospital manager that doctor didn’t disclose full consultancy fees held valid
Enhanced liquidity required for investment in Share Market – Revised guidelines by SEBI for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments
Purchase of fish falls within the scope of Rule 6DD(f)(iii) and no disallowance u/s 40A(3) is warranted
Section 148 Notice issued till 30/06/2021 are valid – Writ filed by taxpayers dismissed by Chhattisgarh HC
Abolition of Tax Audit: Rs. 10 Cr limit! What tax professional must do? Time to look beyond Tax Audit & Bank Audit
Exp. incurred on doctor’s travel isn’t ‘commission’ if he isn’t bound to prescribe medicines suggested by assessee: HC