Capital gains Exemption under section 54 towards Re-investment in residential property outside India
Capital gains Exemption under section 54 towards Re-investment in residential property outside India Short overview Section 54 was amended to…
Income Tax
What is a reasonable quantity of Jewellery which cannot be seized during an income tax raid?
What is a reasonable quantity of Jewellery which cannot be seized during an income tax raid? Seizure of jewellery is one…
Mother and two minor sons having common interest in the inherited business carried on for the benefit of all by one of them would constitute ‘BOI’s
Mother and two minor sons having common interest in the inherited business carried on for the benefit of all by…
Interesting Issue: Assessee initially purchased land for construction of house to avail capital gain exemption but later changed his mind and instead, purchased a residential house
Interesting Issue: Assessee initially purchased land for construction of house to avail capital gain exemption but later changed his mind…
Interesting case: Software engineers could not be excluded from the definition of workman and remuneration received by them could be duly treated as ‘wages’
Interesting case: Software engineers could not be excluded from the definition of workman and remuneration received by them could be…
Online PAN Applications: Steps, Documents, Do & Don’t
Online PAN Applications: Steps, Documents, Do & Don’t STEPS FOR ONLINE APPLICATION Only Indian citizens should use this form for submitting application for…
Appellate authorities can allow the ground even if claim for relief/exemption has not been made part of the original or revised return
Appellate authorities can allow the ground even if claim for relief/exemption has not been made part of the original or…
Validity of Additions to income: AO made addition by adjusting security deposit against unrealised rent
Validity of Additions to income: AO made addition by adjusting security deposit against unrealised rent Short Overview : AO was not…
Remedy if is PAN Deactivated by Income Tax Department
Remedy if is PAN Deactivated by Income Tax Department Income tax department has de-activating PAN of all income tax assesses who…
Remedy if is PAN Deactivated by Income Tax Department
Remedy if is PAN Deactivated by Income Tax Department Income tax department has de-activating PAN of all income tax assesses who…
Section 50C is not applicable to leasehold properties: Bombay HC
Section 50C is not applicable to leasehold properties: Bombay HC This is what the conclusions can be drawn by the…
Tax Deduction Account Number (TAN) : Online submission Procedure
Tax Deduction Account Number (TAN) : Online submission Procedure An application for Tax Deduction Account Number (TAN) can be done…
No section 50C on sale of TDR Rights
No section 50C on sale of TDR Rights Quite often the actual sale consideration paid for acquiring immovable property is…
Taxation of Charitable & Religious Trust: Concept, Confusions & Clarifications
Taxation of Charitable & Religious Trust: Concept, Confusions & Clarifications Charitable Trust, Religious trust, Non Grant Organization (NGO), Non Profit…
Long Term Lease: Tenant is a deemed owner and rental income is taxable as “Income from House Property”
Long Term Lease: Tenant is a deemed owner and rental income is taxable as “Income from House Property” A person…
Long Term Lease: Tenant is a deemed owner and rental income is taxable as “Income from House Property”
Long Term Lease: Tenant is a deemed owner and rental income is taxable as “Income from House Property” A person…
It is a normal custom for woman to receive jeweler in the form of “streedhan” or on other occasions such as birth of a child etc. Collecting jewellery of 906.900 grams by a woman in a married life of 25-30 years is not abnormal: Delhi ITAT
It is a normal custom for woman to receive jeweler in the form of “streedhan” or on other occasions such…
It is a normal custom for woman to receive jeweler in the form of “streedhan” or on other occasions such as birth of a child etc. Collecting jewellery of 906.900 grams by a woman in a married life of 25-30 years is not abnormal: Delhi ITAT
It is a normal custom for woman to receive jeweler in the form of “streedhan” or on other occasions such…
