Union Budget 2023: Extension of date of incorporation for eligible start-up for exemption
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Union Budget 2023: Extension of date of incorporation for eligible start-up for exemption The existing provisions of the…
Other Source Of Income
Union Budget 2023- Ensuring Payment to MSME within due date
Union Budget 2023- Ensuring Payment to MSME within due date Section 43B of the Act provides for certain…
Union Budget 2023: Maturity proceeds of Life Insurance Policies of premium exceeding Rs. 5 Lakh made taxable
Union Budget 2023: Maturity proceeds of Life Insurance Policies of premium exceeding Rs. 5 Lakh made taxable The…
Interest earned by cooperative society from a cooperative bank is eligible for deduction: ITAT Mumbai
Interest earned by cooperative society from a cooperative bank is eligible for deduction: ITAT Mumbai Amore Commercial Premises…
Section 80P does not make a distinction between the long term investments and short term investments: Interest income or dividend income should be earned by a co-operative society from another cooperative society is eligible for deduction U/s 80P
Section 80P does not make a distinction between the long term investments and short term investments: Interest income or dividend…
ITAT Delhi upheld the power of CPC in making the disallowance U/s 36(1)(va) in respect of payment of PF/ESIC after the due date under the respective Law
ITAT Delhi upheld the power of CPC in making the disallowance U/s 36(1)(va) in respect of payment of PF/ESIC after…
Penalty imposed on the Auditor for non classification & disclosure of the loans in the Audited Financial Statements
Penalty imposed on the Auditor for non classification & disclosure of the loans in the Audited Financial Statements ROC…
Limit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities abolished
Limit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities…
PF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT
PF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH…
Income from Business or Other Source of Fund is generated from business & sourced to FDRs
Income from Business or Other Source of Fund is generated from business & sourced to FDRs Short Overview: Although funds…
Black money received on sale of rural agricultural land is taxable as “Income from Other Source”
Black money received on sale of rural agricultural land is taxable as “Income from Other Source” Facts & observation…
Zero Coupon Bonds (ZCB) & its taxation in the hands of investor & issuer Company along with TDS provision
Zero Coupon Bonds (ZCB) & its taxation in the hands of investor & issuer Company along with TDS provision …
Taxation of Dividend Income – Recipient & Payer
Taxation of Dividend Income – Recipient & Payer – CA Naresh Jakhotia Dividend income has always subject to change from time…
Tax on Winning from Games, Shows, Lottery & Gambling
Money won is twice as sweet as money earned. TV Channels, Newspaper, Malls, online marketing, Petrol Pumps, everywhere there are…
What if you forget to verify your Income Tax Return?
What if you forget to verify your Income Tax Return? Have you filed your ITR and forget to verify it?…
Promoting Digital Economy vide changes made by Finance Act 2017 to the Income Tax Act
Promoting Digital Economy vide changes made by Finance Act 2017 to the Income Tax Act Some of the major changes…
Non filers may take the benefit of Income Disclosure Scheme-2016
Income Disclosure Query 1] If a person has not made any investments in LIC or in PPF, so can he claim…
Scholarship received to meet the cost of education is tax free
section 80E Query 1] In my college, we are recruiting persons to work as junior research fellow and senior research…