If payment is permisdible according to Rule 6DD then AO made the addition u/s 40A(3) without rejecting the Books of Accounts
Capital gain issues on surrender of Land (held as capital asset) in lieu of TDR, sale of TDR, applicability of section 50C in case of sale of TDR etc.
Applicability of TDS Provision if rent payment per person is below Rs. 50,000/ but collectively exceeds Rs. 50,000/
As far as equity/commodity derivative transactions entered through recognized stock exchanges in India are concerned, there is lot of confusion amongst the members as regards identification of speculative transactions for the purpose of I.T. Act. What are the exact provisions of I.T. Act in this regard?