Applicability of Tax deduction at source Under section 194J on Payment towards data line charges
Applicability of Tax deduction at source Under section 194J on Payment towards data line charges short overview : Even though amendment…
Income Tax
Validity of assessment if Revenue failed to consider claims made towards deduction/exemption by filing revised return
Validity of assessment if Revenue failed to consider claims made towards deduction/exemption by filing revised return short overview : Where the…
EXCESS INCOME TAX REFUNDED? WILL BE RECOVERED WITH INTEREST U/S 234D
EXCESS INCOME TAX REFUNDED? WILL BE RECOVERED WITH INTEREST U/S 234D Income tax refund! Sounds quite familiar, doesn’t it? Many…
Eligibility of Deduction u/s 80P to Co-operative society engaged in providing Credit facilities to its members and general public
Eligibility of Deduction u/s 80P to Co-operative society engaged in providing Credit facilities to its members and general public Short…
Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could be no disallowance under section 40(a)(ia)
Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could…
Stay of demand during pendency of appeal before CIT A granted @ 10% in place of 20%.
Stay of demand during pendency of appeal before CIT A granted @ 10% in place of 20%. [2019] 108 tax…
Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning of section 2(22)
Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning…
Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC
Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC Shri…
Platinum, Gold, Silver & Bronze Category of Income TaxAppreciation Certificates & its eligibility
Platinum, Gold, Silver & Bronze Category of Income TaxAppreciation Certificates & its eligibility Government is following Carrot and stick approach…
CIT(A) couldn’t rely on ruling of non-jurisdictional HC ifjurisdictional HC’s ruling was available on record
CIT(A) couldn’t rely on ruling of non-jurisdictional HC ifjurisdictional HC’s ruling was available on record INCOME-TAX : When decision of…
Registration of car was in the name of the Assessee: Addition on account of Unexplained cash in bank account when it was submitted that it is Cash received on sale of car
Registration of car was in the name of the Assessee: Addition on account of Unexplained cash in bank account when…
Resale if rural agricultural land within a short period of time to the companies in which the assessee was a director is exempt or taxable – An issue with a difference
Resale if rural agricultural land within a short period of time to the companies in which the assessee was a…
Taxation of corpus donation as undisclosed income under section 68
Taxation of corpus donation as undisclosed income under section 68 Short Overview : Where corpus donation could not be verified as…
Interesting issue : One time Processing fees paid to bank & It’s allowsbility when it is capitalised in the books for accounting purpose but claimed as deduction for income tax purposes
Interesting issue : One time Processing fees paid to bank & It’s allowsbility when it is capitalised in the books…
Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level
Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level Short Overview : An assessee…
Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence
Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence…
Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued and the charge on with the penalty was imposed
Penalty u/s 271(1)(c) : Validity if there is an iconsistency between the charge on which notice for penalty was issued…
Cleaning & sweeping service to government hospitals is exempt or taxable ?
Cleaning & sweeping service to government hospitals is exempt or taxable ? IN THE AUTHORITY FOR ADVANCE RULING, WEST BENGAL…
