Holding of legal title of new house within a period of one year is not a condition for capital gain exemption u/s 54
Holding of legal title of new house within a period of one year is not a condition for capital gain…
Income Tax
Release of shares in house property by co-owners in favour of one in lieu of obligation to pay cash, tantamounts to purchase for exemption u/s 54
Release of shares in house property by co-owners in favour of one in lieu of obligation to pay cash, tantamounts…
Business expenditure disallowance not justified if based merely on conjecture and surmise and not on any material
Business expenditure disallowance not justified if based merely on conjecture and surmise and not on any material YOGESHWAR…
Revision under section 263 for erroneous and prejudicial order for capital gain exemption if agricultural land is purchased in the name of son
Revision under section 263 for erroneous and prejudicial order for capital gain exemption if agricultural land is purchased in the…
Life membership fees of club is an expenditure of capital nature & not eligible for deduction .
Life membership fees of club is an expenditure of capital nature & not eligible for deduction. Short Overview…
For capital gain exemption u/s 54 or 54F, Taxpayers have to buy the property as an owner.
For capital gain exemption u/s 54 or 54F, Taxpayers have to buy the property as an owner. In…
Deduction towards advance given for purchase of land by the developers and written off in the books of accounts.
Deduction towards advance given for purchase of land by the developers and written off in the books of accounts. …
If co-operative society is dealing with non – members for loans and deposits, then benefit of section 80P cannot be allowed: SC in citizens Co-operative society ltd
If co-operative society is dealing with non – members for loans and deposits, then benefit of section 80P cannot be…
Indian Income Tax Department does not have the data of Income Tax Return Filed? – Shocking Reply in response to the RTI Application
Indian Income Tax Department does not have the data of Income Tax Return Filed? – Shocking Reply in response to…
FAQ on Composition Scheme in GST
FAQ on Composition Scheme in GST How to opt for the Composition Scheme in GST? You can…
Breaking News: Income Tax Proceedings u/s 148 r w 148A stayed by Calcutta High Court also
Breaking News: Income Tax Proceedings u/s 148 r w 148A stayed by Calcutta High Court also 1. Honorable…
Anomaly in Limitation date for completion of Transfer Pricing Assessment Proceedings for AY 2018-19: An Excellent compilation by KSCAA
Anomaly in Limitation date for completion of Transfer Pricing Assessment Proceedings for AY 2018-19: An Excellent compilation by KSCAA 13th July…
The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether to avoid them, by means which the law permits, cannot be doubted.
The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether to…
Brought forward Business Loss can be adjusted against capital gains from sale 9f Business Assets: Karnataka HC
Brought forward Business Loss can be adjusted against capital gains from sale 9f Business Assets: Karnataka HC Nandi Steels Limited…
If no exempt income is received or receivable on exempt income, no disallowance u/s 14A is warranted.
If no exempt income is received or receivable on exempt income, no disallowance u/s 14A is warranted. Here is…
The word ‘production’ or ‘produce’, when used in juxtaposition with the word ‘manufacture’ takes in bringing into existence new goods by a process which may or may not amount to manufacture: Supreme Court
The word ‘production’ or ‘produce’, when used in juxtaposition with the word ‘manufacture’ takes in bringing into existence new goods…
HC set-aside faceless assessment order as it was passed without issuing draft assessment order
HC set-aside faceless assessment order as it was passed without issuing draft assessment order Anju Jalaj Batra v. National E-Assessment…
All About Tax Audit Applicability for AY 2021-22 by CA.Yashika Pittie
All About Tax Audit Applicability for AY 2021-22 by CA.Yashika Pittie Author CA. Yashika Pittie Bhageria Section 44AB…
