How much tax will you save? Income between Rs 2.5 lakh and Rs 5 lakh in pre budget and post budget scenario
Beware !! Agricultural land whether held as capital asset or stock-in-trade is covered under ambit of sec. 56(2)(vii)(b)
Loans written off – Amount in respect of which there was no allowance or deduction claimed by assessee amounted to capital receipt not liable to tax u/s 41(1)
Purchase of semi finished apartment within period prescribed time and admissibility exemption under sec. 54F
No tax as revenue receipts if shares are held by trust in fiduciary capacity and trust had acted as mere SPV of settler company: HC
Tehsildar letter that there is no cultivation carried on the lands as per the land records is not conclusive for treating it as Non Agricultural
GST – Anti-profiteering – Allegation that certain major manufacturers of FMCG have not passed on the benefit of reduction in the GST rate
CBDT notofiesscheme for centralized issuance of notice and for processing of information or documents