Whether Amount paid towards PMS Fees is allowable as deduction? Mumbai ITAT in Mateen Pyarali Dhokia vs DCIT.
Assessment of income in the correct head of income is important from the perspective of its taxation. Every item of income, whatever its source, would fall under one particular head and for the purpose of computing the income
The Controversy: No TCS on Purchase of Coal or Scrap because of declaration given by the buyer in Form No. 27C: Whether TDS U/s 194Q will be attracted?
If reimbursement had no income element embedded in it, assessee would not be liable to deduct tax at source
No addition u/s 115BBE if the income is offered during the course of search and survey without anything unexplained
TDS on purchase of Goods under section 194Q of Income-tax Act, 1961: Guidelines issued by the CBDT to clarify its applicability
It is mandatory to file revised form 36 after death of assessee, as appeals cannot continue for or against a dead person.
Compensation paid under the National Highway Act, 1956 cannot be given the benefit of section 96 of the RFCTLARR Act, 2013, therefore, receipt from the land acquisition shall be taxable in the hands of assessee.
Uses of word ‘may” in section 144B(7)(vii) cannot absolve revenue from obligation cast upon it to consider request made for grant of personal hearing;
