Various Perquisites Given Under The Income Tax 1961

Temporary discontinuance of business & deduction of business expenditure

Seizure under GST of Cumin Seed (Zeera) and Fennel seed (Sauf) being perishable in nature

Capital Gain exemption available even if new assets is purchased before furnishing of return of income belatedly u/s 139(4)

Immunity from penalty and prosecution & Settlement Commission

Interest received by cooperative society on investment with cooperative banks & eligibility of deduction u/s 80P(2)

Payment of Web hosting charge & Income deemed to accrue or arise in India as Royalty

LETTER OF UNDERTAKIG UNDER GST

Export will be considered only when the goods are taken out to a place outside India.

Taxation of Gifts under Income Tax Act, 1961

FACILITY FOR CORRECTON OF FORM 26QB ACTIVATED (REVISED)

DATE RELEVANT FOR THE PURPOSE OF LTCG U/S 54 OF INCOME TAX ACT, 1961

IT Commissioner awarded 7 years Rigorous Imprisonment

DEDUCTION TOWARDS MEDICLAIM EXPENSES – ALL ABOUT SECTION 80D

Cash transactions not allowed as per Income Tax Departmen

Silver: Within limit of Instruction No. 1916 to be deleted

Borrowed mount invested in shares is irrelevant in determining whether income is a business income or capital gain income

Surprising revelation by CAG – 95% of the developers in 12 states don’t have PAN