Copy of the Draft Letter to the Bank for Deferment of Interest, EMI & Term Loan Repayment : CA Jethalal Rukhiyana
Copy of the Draft Letter to the Bank for Deferment of Interest, EMI & Term Loan Repayment : CA Jethalal…
Income Tax
TDS – Due date, Interest & Penalty Provisions CA Naresh Jakhotia
One of the main compliance in the Income Tax Act – 1961 is with regard to Tax Deduction At Source…
𝗖𝗢𝗡𝗙𝗨𝗦𝗜𝗡𝗚 𝗬𝗘𝗔𝗥 𝗘𝗡𝗗 𝗠𝗔𝗥𝗖𝗛 𝗩𝗦 𝗝𝗨𝗡𝗘 : CA Sharad Thawali
The biggest confusion in the minds of the taxpayers is with regard to the year end. Let me clarify some…
Date Extension of 31st March to 30th June 2020: Confusions & Clarification: CA Naresh Jakhotia
In view of the prevailing epidemic in the form of Corona virus, Government has very reasonably announced on March 24th, 2020…
Borrower need to approach for availing the moratorium for repayment of term loan & Working Capital. It’s not automatic
Borrower need to approach for availing the moratorium for repayment of term loan & Working Capital. It’s not automatic The…
Interesting Judgment: Interest paid for acquisition of capital assets is a part of cost of acquisition. To exclude the interest amount from the actual cost of the asset would lead to anomalous results.
Interesting Judgment: Interest paid for acquisition of capital assets is a part of cost of acquisition. To exclude the interest…
Now, taxpayers can file their income tax return of FY 2018-19 by 30th June 2020
The last opportunity to file the income tax return for the FY 2018-19 was 31st March 2020. The same date was…
An Online Investment Options to Save Tax before 31st March
Though, the due date for investment in the LIC/PPF/NSC for claiming deduction under section is extended from 31st March 2020 to…
Now, You can invest till 30th Jun for claiming deduction u/s 80C
Now, You can invest till 30th Jun for claiming deduction u/s 80C A special onetime benefit is given by the Government…
“Whether Financial Year has been changed to June 2020 or merely Date is extended till June 2020?”
Confusion of 31st March 2020 vs 30th June: Frequently Asked Question (FAQ) CA Naresh Jakhotia There are lots of confusions…
Confusion of 31st March 2020 vs 30th June: Frequently Asked Question (FAQ)
Confusion of 31st March 2020 vs 30th June: Frequently Asked Question (FAQ) CA Naresh Jakhotia There are lots of confusions…
Finance Bill 2020 received Presidents assent. It’s now Finance Act – 2020
Finance Bill 2020 received Presidents assent. It’s now Finance Act – 2020. The final copy of the Act in PDF…
Charitable Trust: New Challenges & Compliances from the financial Year 2020-21 onward: CA Naresh Jakhotia
Charitable Trust: New Challenges & Compliances from the financial Year 2020-21 onwards: CA Naresh Jakhotia Biggest overhaul is there in…
Since ‘actual cost’ has not been defined in the Income Tax Act- it should be construed in accordance with the normal rules of accountancy prevailing in commerce and industry which means that cost would include Interest also.
Here is a one interesting case wherein above observation were made by none other than Supreme Court. Supreme Court of…
Interesting case: Cost of acquisition to the assessee is not merely the amount paid to the vendors but also the cost of the borrowing made by him for the purpose of paying the vendor and obtaining the sale deed
Interesting case: Cost of acquisition to the assessee is not merely the amount paid to the vendors but also the…
Interest on Housing Loan: Possibility of double deduction cannot be overruled
Interest on Housing Loan: Possibility of double deduction cannot be overruled CA Naresh Jakhotia There are often various issues…
POSTPONEMENT OF CHARTERED ACCOUNTANT EXAMINATIONS, MAY 2020
POSTPONEMENT OF CHARTERED ACCOUNTANT EXAMINATIONS, MAY 2020 In continuation to the Important Announcement dated 1st January 2020, it is hereby…
Why not change financial year 2019-20 from 12 months to 21 Months: A new approach for the new emerging India
Why not change financial year 2019-20 from 12 months to 21 Months: A new approach for the new emerging India…
