Disallowance u/s 40(a)(ia) can be invoked only in event of non–deduction of tax and not for lesser deduction of tax
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Disallowance u/s 40(a)(ia) can be invoked only in event of non–deduction of tax and not for lesser deduction of…
Tax Planning
No additon towards higher share premium sustainable – valuation certificate prescribes only minimum sum to be collected : Mumbai ITAT
No additon towards higher share premium sustainable – valuation certificate prescribes only minimum sum to be collected : Mumbai ITAT…
Capital gain liability on Leasehold rights in a plot granted as compensation in pursuance of compulsory acquisition of agricultural land belonging to assessee’s deceased father
Capital gain liability on Leasehold rights in a plot granted as compensation in pursuance of compulsory acquisition of agricultural land…
Excellent publication : Technical Guide on GST Audit by ICAI
Excellent publication : Technical Guide on GST Audit by ICAI
No religion like “Hinduism” & worship of Hindu Gods is not “religious purpose” – Trust is eligible for 80G: Nagpur ITAT
Shiv Mandir Devsttan Panch Committee Sanstan vs. CIT (ITAT Nagpur) No religion like “Hinduism” & worship of Hindu Gods is…
Income Tax Law as applicable for the first installment of advance Tax.
First installment of the advance tax is due on 15th June. Taxpayers have to ensure payment of 15% of anticipated annual…
Taxation of investments in Bonds, Debentures & Mutual Funds -CA Naresh Jakhotia
Taxation of investments in Bonds, Debentures & Mutual Funds -CA Naresh Jakhotia thetaxtalk’s Weekly Update Taxation of investments in Bonds, Debentures…
TAXABILITY OF ALLOWANCES- OVERVIEW
TAXABILITY OF ALLOWANCES-OVERVIEW An allowance is a fixed amount of money paid regularly in addition to salary for meeting specific…
Business loss or speculative loss – Commodity trading in un-recognised stock exchange
Business loss or speculative loss – Commodity trading in un-recognised stock exchange Short summary: Amendment in section 43(5)(d) was only…
Have you done Retirement Planning?
Have you done Retirement Planning? In day to day life, everyone wants to save for the purpose future so that…
Let Us ensure, “Mutual Fund Sahi Hai…”
Let Usensure, “Mutual FundSahi Hai…” Many times we heard on Radio, T.V. and read in the news paper regarding Mutual…
Private Trust- Rules for tax planning
Private Trust- Rules for tax planning Optimum use of basic exemption limit is one of the most powerful tax planning…
4 Golden Rules to Tax Planning
4 Golden Rules to Tax Planning “Right to tax planning is a legitimate right of the taxpayers provided it is…
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?…
Interest on Bank Deposits & eligibility for deduction u/s 80TTA Vs. 80TTB
Presently, section 80TTA provides Rs 10,000/- deduction to all individual/HUF taxpayers. Section 80TTA of the Income Tax Act-1961 reads as…
Differential Tax Treatment of Interest on Bank FDR – Senior vs. Non senior Citizens
Deduction in respect of interest on deposits in savings account. Section 80TTA: (1)Where the gross total income of an assessee, being…
LTCG exemption is admissible even if the amount is deposited within time permissible u/s 139(4)
LTCG exemption LTCG exemption is admissible even if the amount is deposite within time permissible u/s 139(4) Capital Gain exemption…
Capital Gain exemption available even if investment is done in the name of wife: HC
Benefit of exemption u/s 54F is not limited to investments made on claimants’ name only: HC JAIPUR,: THE issue is…
