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Income TaxIT JudgementTax PlanningNo restrictions on cash payment of Rs. 20,000/- per day if Taxpayer is offering income @ 8% u/s 44AD8 years agoThough section 40A(3) bars payment of Rs. 20,000/- in cash, it may interestingly be note that section 40A(3) is not…
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ArticleIncome TaxIT JudgementTax PlanningCaution – Income on sale of Rural Agricultural Land can also be Taxed !!8 years agoIncome from sale of agriculturl land is to be taxed as business income. If assessee’s business as per MoA is…