Leasehold Rights not liable for taxation on Notional basis under section 50C
Leasehold Rights not liable for taxation on Notional basis under section 50C Noida Cyber Park (P.) Ltd. v. ITO –…
Income Tax
Taxation of amount received from Unit Linked Insurance Policy (ULIP)
Taxation of amount received from Unit Linked Insurance Policy (ULIP) Clause (10 D) of section 10 of the Act provides…
Now, Random scrutiny of Corporate filing by MCA
Now, Random scrutiny of Corporate filing by MCA
Union Budget – 2021: Uncharitable to the Charitable Trust
Union Budget – 2021: Uncharitable to the Charitable Trust Every budget in recent years has been uncharitable to the…
Guidance Note on filing of ITR 7
Guidance Note on filing of ITR 7 Guidance Note on filing of ITR 7
Dissolution & Reconstitution of a partnership Firm: Section 45(4) revised, section 45(4A) introduced:
Dissolution & Reconstitution of a partnership Firm: Section 45(4) revised, section 45(4A) introduced: One of the area of tax planning…
Charitable trust: Denial of accumulation u/s 11(2) on account of non-filing of Form No. 10 before due date of filing of return of income if Assessee filed it during assessment proceedings
Charitable trust: Denial of accumulation u/s 11(2) on account of non-filing of Form No. 10 before due date of filing…
Deduction under section 80P(2)(a)(i): Denial in the hands of primary agricultural credit societies on the ground of negligible agricultural credits given by assessee’s
Deduction under section 80P(2)(a)(i): Denial in the hands of primary agricultural credit societies on the ground of negligible agricultural credits…
No Addition under section 68 if Assessee is not maintaining books of account and his case covered by under 44AD
No Addition under section 68 if Assessee is not maintaining books of account and his case covered by under 44AD…
Charitable trust: Admissibility of excess expenditure of earlier year against income of future assessment year
Charitable trust: Admissibility of excess expenditure of earlier year against income of future assessment year Short Overview Income derived from…
Union Budget 2021: Now, return has to be filed before 31st December
Union Budget 2021: Now, return has to be filed before 31st December One more important amendment is proposed by the Finance…
Gift made by assessee-company to other corporate entities where AO alleged existence of family settlement and taxed market value of shares gifted as business income
Gift made by assessee-company to other corporate entities where AO alleged existence of family settlement and taxed market value of…
Short Overview of the Direct Tax Proposal in Finance Bill 2021
Short Overview of the Direct Tax Proposal in Finance Bill 2021 1. ESI/PF : It has been specifically proposed to…
Classification of service & Rate of Tax on Tour services provided without provision of accommodation
Classification of service & Rate of Tax on Tour services provided without provision of accommodation 2020 Tax Pub(GST) 1074 (AAR-Raj)…
Deduction under section 24(b) towards interest on husing loans rolled over with private borrowing
Deduction under section 24(b) towards interest on husing loans rolled over with private borrowing Short Overview Where a fresh loan…
Validity of reassessment if AO reopened assessment on one issue but did not make addition thereunder
Validity of reassessment if AO reopened assessment on one issue but did not make addition thereunder Short Overview Where no…
Union Budget 2021 Special: No Advance tax liability on dividend income:
Union Budget 2021 Special: No Advance tax liability on dividend income: Union Budget 2021 has incorporated a provision which…
Non Filer of Income Tax Returns: Another controlling provision in the Union Budget 2021
Non Filer of Income Tax Returns: Another controlling provision in the Union Budget 2021 To widen the tax base, the…
