New Tax Regime & Deduction towards Housing Loan Interest
New Tax Regime & Deduction towards Housing Loan Interest Income Tax Return for the FY 2020-21 (AY 2021-22) has to…
Income Tax
Landmark Judgement : No reasons were not communicated to assessee, HC rightly quashed reassessment proceedings
Landmark Judgement : No reasons were not communicated to assessee, HC rightly quashed reassessment proceedings Janak Shantilal Mehta [2021] 124 taxmann.com 516 (Madras)…
Award under Right to fair Compensation is totally tax free u/s 96 of RFCTLARR Act
Award under Right to fair Compensation is totally tax free u/s 96 of RFCTLARR Act Kerala High Court…
An overview of the provision related to set off and carry forward of Loss under the Income Tax Act – 1961 : CA Sahil Dhingra
An overview of the provision related to set off and carry forward of Loss under the Income Tax Act –…
Landmark Judgement on Capital Gain Exemption: It is not specified in the legislation that the investment is to be in the name of the assessee
Landmark Judgement on Capital Gain Exemption: It is not specified in the legislation that the investment is to be in…
Tax officers raise huge demands after assessment of Rs. 10,000 crores ! If this is reduced to Rs. 1,000 crores by the Appellate Tribunal or the Supreme Court, it must go into the assessment of the tax officer! There is no accountability at all”.
Tax officers raise huge demands after assessment of Rs. 10,000 crores ! If this is reduced to Rs. 1,000 crores…
The cost sharing reimbursements do not warrant TDS under section 40(a)(ia) as these are manifested to be reimbursements on actual cost-to-cost basis.
The cost sharing reimbursements do not warrant TDS under section 40(a)(ia) as these are manifested to be reimbursements on actual…
An overview of National Pension Scheme (NPS) and deduction u/s 80CCD by CA Sahil Dhingra
An overview of National Pension Scheme (NPS) and deduction u/s 80CCD by CA.Sahil Dhingra Section 80CCD Deduction in…
And Authority directed to unblock the input tax credit available in the credit ledger account of assessee
And Authority directed to unblock the input tax credit available in the credit ledger account of assessee Assessee…
Deduction towards House Rent Allowance (HRA) in the Income Tax
Deduction towards House Rent Allowance (HRA) in the Income Tax One of the common component so salary income is House…
Agricultural income of the firm and the share of profit from the firm: Aggregation provision applicability in the hands of the partner
Agricultural income of the firm and the share of profit from the firm: Aggregation provision applicability in the hands of…
If the transaction of sale or purchase takes place when the goods are imported in India or they are being exported from India, no State can impose any tax thereon.
If the transaction of sale or purchase takes place when the goods are imported in India or they are being…
Capital gains & Indexation Benefit : Effective date is the date of allotment or date of possession of property?
Capital gains & Indexation Benefit : Effective date is the date of allotment or date of possession of property?…
Business deduction under section 43B: Provision for retention bonus & Disallowance of amount not paid before due date for filing return of income
Business deduction under section 43B: Provision for retention bonus & Disallowance of amount not paid before due date for filing return…
Capital Gain exemption available even if the investment is done after the due date of filing ITR
Capital Gain exemption available even if the investment is done after the due date of filing ITR Short…
Validity of Addition under section 68 without opportunity of cross-examination to the assessee
Validity of Addition under section 68 without opportunity of cross-examination to the assessee Short Overview AO was duty bound to provide…
Assessment under section 153A: Validity on account of Cash seized during search
Assessment under section 153A: Validity on account of Cash seized during search Short Overview Where assessee did not produce any material,…
Announcement of Production Linked Subsidy Scheme for Food Sector by Central Government
Announcement of Production Linked Subsidy Scheme for Food Sector by Central Government Announcement of Production Linked Subsidy Scheme for…
