Word ‘a’ employed under Section 54 can include plural residential houses
Word ‘a’ employed under Section 54 can include plural residential houses Tilokchand & Sons Vs ITO (Madras High Court) T.C.(A)…
Income Tax
All about income tax return filling for Assessment Year 2019-20
All about income tax return filling for Assessment Year 2019-20 I am a non-resident. The Taxpayer Identification Number (TIN) is…
Sum from relinquishment of rights under an agreement is chargeable under head capital gains
Sum from relinquishment of rights under an agreement is chargeable under head capital gains Chandrashekar Naganagouda Patil [2020] 117 taxmann.com 520…
An opportunity Not to be Missed – CBDT have given Relaxation for Verification of Income Tax Return (ITR V)
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Where both interest-free and interest bearing funds were available with assessee, it is to be presumed that investments were made out of interest-free fund: Bombay HC
Where both interest-free and interest bearing funds were available with assessee, it is to be presumed that investments were made…
Meaning of Manufacture & Production for availing lowest tax rate u/s 115BAB
Meaning of Manufacture & Production for availing lowest tax rate u/s 115BAB Section 2(29BA) of the Income Tax Act…
Lowest Income Tax Rate for New Manufacturing companies
Lowest Income Tax Rate for New Manufacturing companies With the steepest corporate tax rate cut, India is now at par…
“Stamp valuation on the date of registration cannot be applied as the provision of S.50C was not in the statute when the agreement to sell for property was entered: Allahabad ITAT .
“Stamp valuation on the date of registration cannot be applied as the provision of S.50C was not in the statute…
Allowability of interest expenditure where builder included interest portion as its work in progress in books and claimed them as a deduction in income computation for tax payments.
Allowability of interest expenditure where builder included interest portion as its work in progress in books and claimed them as…
Tax implication on Bogus purchases if there is no doubt as to corresponding sales
Tax implication on Bogus purchases if there is no doubt as to corresponding sales Short Overview :There could be no…
All about on Income from house property
All about on Income from house property Is rental income from sub-letting chargeable to tax under the head “Income…
Extension of Time Limit for processing of Income Tax Return u/s 143(1) for AY 2017-18 in refund & Non scrutiny cases.
Extension of Time Limit for processing of Income Tax Return u/s 143(1) for AY 2017-18 in refund & Non scrutiny…
Income Tax Return Filing Season: Frequently Asked Question (FAQ)
Income Tax Return Filing Season: Frequently Asked Question (FAQ) What is a return of income? ITR stands for Income…
Reassessment : Legislature by using the word ‘reason to believe’ had cast a duty on AO to apply mind to the material on record with regard to escaped liability.
Reassessment : Legislature by using the word ‘reason to believe’ had cast a duty on AO to apply mind to…
Assessing Officer is not bound by registration certificate issued by Registrar of Co-operative Society. AO has toconduct an inquiry into factual situation as to activities of assessee society to determine eligibility of deduction u/s 80P.
Assessing Officer is not bound by registration certificate issued by Registrar of Co-operative Society. AO has toconduct an inquiry into…
GST: SITE WHERE EMPLOYEES ARE DEPUTED FOR MACHINE MAINTENANCE QUALIFIED AS FIXED ESTABLISHMENT & HENCE REGISTRATION IS REQUIRED
GST: SITE WHERE EMPLOYEES ARE DEPUTED FOR MACHINE MAINTENANCE QUALIFIED AS FIXED ESTABLISHMENT & HENCE REGISTRATION IS REQUIRED AAR…
Whether provisions of Section 269SS are applicable where both lender of cash and borrower are having agricultural income & neither of them has any taxable income as per I-T Act?
Whether provisions of Section 269SS are applicable where both lender of cash and borrower are having agricultural income & neither…
Issue of Capital Gain Tax on Sale of Agricultural Land not in use for agricultural purpose
Issue of Capital Gain Tax on Sale of Agricultural Land not in use for agricultural purpose Case & Judgment…
