Capital loss – Expenditure claimed on abandoned project

Capital loss - Expenditure claimed on abandoned project Author CA. AJAY KUMAR AGRAWAL             ITAT CHENNAI :-  THE ACIT, CORPORATE CIRCLE – 5 (2) , CHENNAI - 34. VERSUS M/S. RUDRADEV AVIATION PVT. LTD. AND (VICE-VERSA)- No.- ITA No.:2100/CHNY/2017 And C.O. No.: 152/CHNY/2017 (in I.T.A. No. ...
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Everything about Annual Information Statement (AIS)

 Everything about Annual Information Statement (AIS) The Income Tax Department has been releasing various materials for update and awareness of the knowledge of the taxapyes. One such publication is “Handbook on Annual Information Statement (AIS)” Annual Information Statement (AIS) is a ...
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Sum received from display of advertisement on assessee’s undergoing real estate project is a business income or house property income?

Income Tax Act, 1961, Section 14 Heads of income---Income from house property or Income from other sources---Sum received from display of advertisement on assessee’s undergoing real estate project Conclusion: Rental income received for display of commercial advertisement on assessee’s undergoing real estate ...
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Payment of enhanced value of assets revalued by firm whether constitute capital asset and transfer of such asset whether capital gains chargeable under section 45(4) r/w s. 2(14) on retirement of some of partners?

Income Tax Act, 1961, Section 45(4) Income Tax Act, 1961, Section 2(14) Capital gains---Capital asset---Payment of enhanced value of assets revalued by firm whether constitute capital asset and transfer of such asset whether capital gains chargeable under section 45(4) r/w s. ...
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Capital Gain Computation: Date of allotment should be taken as the date of acquisition for reckoning the assets as Long Term or Short Term Capital assets  

Capital Gain Computation: Date of  allotment should be taken as the date of acquisition for reckoning the assets as Long Term or Short Term Capital assets  BHAWNA SHARMA vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION) ITAT, DELHI TRIBUNAL (A) BHAVNESH SAINI, ...
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