Long term capital loss is available for set-off in the hands of the successor amalgamated company: ITAT
Long term capital loss is available for set-off in the hands of the successor amalgamated company: ITAT Capgemini Technology…
Income Tax
Purchase of Rural gricultural Land & taxation U/s 56(2)(x)
Purchase of Rural gricultural Land & taxation U/s 56(2)(x) Section 56(2)(x) provides for notional taxation if any property or assets…
Taxation of the Builder vis a vis Guidance Note issued by ICAI: Whether cost of construction and also saleable project area needed to be taken into account while recognizing revenue under PCM
Taxation of the Builder vis a vis Guidance Note issued by ICAI: Whether cost of construction and also saleable project…
Tax & Surcharge Rates as Applicable to Individual,HUF, AOP, Firms & Companies
Tax & Surcharge Rates as Applicable to Individual,HUF, AOP, Firms & Companies TAX RATES In this part you can…
Revised Instruction for withholding of Refund u/s 241A in Scrutiny cases – prescribing time lines for submission of response to CPC
Revised Instruction for withholding of Refund u/s 241A in Scrutiny cases – prescribing time lines for submission of response to…
Knwo about “Form ITR-A”
Knwo about “Form ITR-A” ITR-A is a form provided to furnish a modified return by a successor company to…
Taxation of the Partnership Firm: Planning & Precaution
Taxation of the Partnership Firm: Planning & Precaution Partnership firm is one of the most common and easy modes…
EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2022
EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2022 CIRCULAR NO. 23/2022, DATED: 03-11-2022 …
Income tax raid on the person in the business of gold & diamond jewellery: Rs. 100 Cr detected
Income tax raid on the person in the business of gold & diamond jewellery: Rs. 100 Cr detected Search and…
Payment of PF/ESIC after the due date under the respective Labour Law: ITAT Delhi upheld the power of CPC in making the disallowance U/s 36(1)(va)
Payment of PF/ESIC after the due date under the respective Labour Law: ITAT Delhi upheld the power of CPC in…
Cash payment & Section 40A(3): No disallowance if the payment is made by any person to his agent— who is required to make payment in cash for goods or services on behalf of such person
Cash payment & Section 40A(3): No disallowance if the payment is made by any person to his agent— who is…
ITAT mumbai quashesld the tax demand of Rs 5,872 Cr on a demerger transaction of Grasim
ITAT mumbai quashesld the tax demand of Rs 5,872 Cr on a demerger transaction of Grasim Here is an…
Addition under section 69A of the Income Tax Act cannot be made on doubt and suspicion.
Addition under section 69A of the Income Tax Act cannot be made on doubt and suspicion. There are a…
Wrong claim in the ITR u/s. 10(23C)(vi) instead of claim U/s 10(23C)(iiiab): Claim is rectifiable U/s 154
Wrong claim in the ITR u/s. 10(23C)(vi) instead of claim U/s 10(23C)(iiiab): Claim is rectifiable U/s 154 There…
Utilization of capital gains within time specified would entitle assessee to claim of deduction under section 54 even if sale deed is not executed
Utilization of capital gains within time specified would entitle assessee to claim of deduction under section 54 even if sale…
No penalty u/s 271(1)(c) in respect of a debatable issue
No penalty u/s 271(1)(c) in respect of a debatable issue Whether there can be any penalty u/s 271(1)(c) in…
Intimation U/s 143(1) is not an assessment for the purposes of Section 147 and so it is not necessary for the AO to come across some fresh tangible material to form a belief that income has escaped assessment.
Intimation U/s 143(1) is not an assessment for the purposes of Section 147 and so it is not necessary for…
Short Overview of the SC judgement on taxability of surplus amount after revaluation of assets credited to partners’ capital account:
Short Overview of the SC judgement on taxability of surplus amount after revaluation of assets credited to partners’ capital account: …
