Double deduction of housing loan interest is possible: ITAT Delhi ruled in favor of the assessee
Double deduction of housing loan interest is possible: ITAT Delhi ruled in favor of the assessee In the case of Sh.…
Income Tax
Re-assessment initiated to treat unpaid loan as notional income under section 56 quashed by Delhi HC
Re-assessment initiated to treat unpaid loan as notional income under section 56 quashed by Delhi HC Vanita Sanjeev Anand v.…
TDS Rate Chart 2020-21
TDS Rate Chart 2020-21 TDS CHART-2 *********************************************************************** For Tax & Corporate Law Updates on Mobile, we have created Telegram and…
ICMA donates Rs. 2.50 Cr to the PM Cares Fund !!
ICMA donates Rs. 2.50 Cr to the PM Cares Fund !! ************************************************************************ For Tax & Corporate Law Updates…
Covid Relief : Government to issue all pending income-tax Refunds & GST/Customs Refunds with immediate effect.
Covid Relief : Government to issue all pending income-tax Refunds & GST/Customs Refunds with immediate effect. ************************************************************************ …
Most awaited EPFO circular on EPF for 24% of contribution issued
Most awaited EPFO circular on EPF for 24% of contribution issued EPFO ************************************************************************ For Tax & Corporate Law…
In-ordinate delay in filing of Miscellaneous Application cannot be condoned as there is there is no specific provision for such condonation: ITAT Nagpur
In-ordinate delay in filing of Miscellaneous Application cannot be condoned as there is there is no specific provision for such…
Remuneration paid to the Directors is liable for RCM under GST – Advance ruling by Rajasthan.
Remuneration paid to the Directors is liable for RCM under GST – Advance ruling by Rajasthan. ************************************************************************ For Tax…
Deduction under section 24(b) and computation of capital gains under section 48 of are altogether covered by different heads of income. And so deduction for the same amount can be done independently under both the heads. Interest paid on housing loan can be treated as part of the cost of acquisition also..
ACIT Vs C. Ramabrahmam (ITAT Chennai) [ IT Appeal No. 943 (MDS.) OF 2012] IN THE ITAT CHENNAI BENCH ‘C’…
Amendment for Trusts and NGO from FY 2020-21 onward
Amendment for Trusts and NGO from FY 2020-21 onward Re-registration u/s 12AB for all Trust & NGO: – All the charitable trusts,…
Amendment by the Finance Act – 2020: Key Changes
Amendment by the Finance Act – 2020: Key Changes CA Naresh Jakhotia Around 104 amendments were made by the Finance…
“Compilation of Due Dates Extension Measures Announced by Govt of India due to COVID-19”
“Compilation of Due Dates Extension Measures Announced by Govt of India due to COVID-19” Compliance Extension Date-1 *********************************************************************** For Tax…
Taxation of Income from Mutual Fund: Old Regime Vs. New Regime
Dividend Distribution Tax (DDT) has been finally abolished by the Finance Act – 2020 which means that the payer (may…
Form No. 15G & Form No. 15H submitted for FY 2019-20 is now valid till 30.06.2020: CBDT
Form No. 15G & Form No. 15H submitted for FY 2019-20 is now valid till 30.06.2020: CBDT ************************************************************************ For Tax…
Computation of profit on sale of capital assets is different in case of Trust: CA Naresh Jakhotia
Computation of profit on sale of capital assets is different in case of Trust: CA Naresh Jakhotia There is…
Important FAQ by ICAI on Company Fresh Start Scheme issued by MCA
Important FAQ by ICAI on Company Fresh Start Scheme issued by MCAFAQ BY ICAI ************************************************************************ For Tax & Corporate Law…
CORONA PACKAGE: Relief Giving Notifications No 30 to 36/2020 Central Tax Dated 03/04/20 Issued
CORONA PACKAGE: Relief Giving Notifications No 30 to 36/2020 Central Tax Dated 03/04/20 Issued 219000 ************************************************************************ For Tax…
Time to Cheers: ITC restrictions of 10% under Section 36(4) temporarily suspended: CA Jethalal Rukhiyana
The Government is acting very proactively on every front. The Government is announcing various relief measures one after another. Be…
 temporarily suspended: CA Jethalal Rukhiyana){kind=link}
 temporarily suspended: CA Jethalal Rukhiyana&description=&image=https://thetaxtalk.com/wp-content/uploads/2020/04/ITC-1.jpg){kind=link}