THE UNITS OF MUTUAL FUNDS AND INDEXED COST OF ACQUISITION
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Insertion of section 88d hardly of much relevance
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CHILDREN EDUCATION TUITION FEES DEDUCTION U/S 80C
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Deduction under s. 80C—Investment by HUF
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Assesseeto get his accounts audited under Income Tax Act compulsorily:
TAX AUDIT U/s 44AB Assesseeto get his accounts audited under Income Tax Act compulsorily: A Person carrying on business: is…
Whether direct nexus between sale consideration of old property and investment in new property is needed for capital gain exemption?
Whether direct nexus between sale consideration of old property and investment in new property is needed for capital gain exemption?…
Purchasing house property by availing bank loan make capital gain exemption invalid?
Purchasing house property by availing bank loan make capital gain exemption invalid? Income Tax Appellate Tribunal – Mumbai Mrs. Prema…
Capital gain exemption available even if investment is done by availing housing loan
Capital gain exemption available even if investment is done by availing housing loan Assumptions & presumptions are the biggest barrier…
Whether corpus donation to other trust can be treated as application of income?
Whether corpus donation to other trust can be treated as application of income? The Finance Act, 2017 has inserted Explanation…
ASSESSMENT ON DEATH OF KARTA OF HINDU UNDIVIDED FAMILY
HUF ASSESSMENT ON DEATH OF KARTA OF HINDU UNDIVIDED FAMILY A Hindu Undivided Family (HUF) is a separate legal entity…
Every word counts in the taxing provision
“This is a question too difficult for a mathematician. It should be asked of a philosopher” (when asked about completing…
Deduction under section 80C of the Income Tax Act and Tax Planning
Deduction under section 80C of the Income Tax Act and Tax Planning Section 80C of the Income Tax Act has…
When no limitation is provided in the statute for initiation of action and passing the order, held that the same has to be done within a reasonable time which according to the Tribunal was four years.
When no limitation is provided in the statute for initiation of action and passing the order, held that the same…
Taxability and Calculation of House Rent allowance (HRA)
Taxability and Calculation of House Rent allowance (HRA) Employees generally receive a House Rent Allowance (HRA) from their employers. This…
Applicability of Sec 54B of Income Tax Act
Applicability of Sec 54B of Income Tax Act Section 54B of Income Tax Act, deals with the exemption in respect…
All about revising Income Tax Return
All about revising Income Tax Return The due date for filing the income tax return is already over for…
Transportation services & its GST implication
Transportation services & its GST implication Transportation services is vital part of country & for every business. We cannot imagine…
