Income TaxOnce the option of reduced base rate of 22% is exercised, the MAT credit is rendered useless and no deduction will be available6 years agoOnce the option of reduced base rate of 22% is exercised, the MAT credit is rendered useless and no deduction…
Income TaxIncome tax Benefit on Royalty Income of Indian Resident6 years agoIncome tax Benefit on Royalty Income of Indian Resident There are lot of deductions which are not claimed by the…
Income Taxe-Assessment – Getting effective: Income Tax Authorities for Regional E assessment center notified by CBDT6 years agoe-Assessment – Getting effective: Income Tax Authorities for Regional E assessment center notified by CBDT
Income TaxTransfer order of Pr.C CIT’s & CIT’s to the regional E assessment center6 years agoTransfer order of Pr.C CIT’s & CIT’s to the regional E assessment center ReACs - Pr.CITs & CITs..
Income TaxGenuineness of loss couldn’t be doubted just because assessee sold mutual funds immediately after earning dividend6 years agoGenuineness of loss couldn’t be doubted just because assessee sold mutual funds immediately after earning dividend Agencies Rajasthan (P.) Ltd.…
Income TaxExplanation that the deposit of cash in the bank is out of the cash withdrawals from Bank Account earlier and validity of addition during income tax assessment6 years agoExplanation that the deposit of cash in the bank is out of the cash withdrawals from Bank Account earlier and…
IT JudgementA Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under Section 25 of the companies Act.6 years agoA Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under…
Income TaxCapital Gain Exemption : New residential house need not be purchased by the assessee in his own name6 years agoCapital Gain Exemption : New residential house need not be purchased by the assessee in his own name LTCG –…
Income TaxCompanies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax.6 years agoCompanies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax. Effect of…
Income TaxIncome tax department finally praises and recognizes the contribution of CA’s6 years agoIncome tax department finally praises and recognizes the contribution of CA’s
IT JudgementLandmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction to make additions or disallowances on other issues6 years agoLandmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction…
Income TaxAccumulated Additional Depreciation and Accumulated MAT Credit shall not be allowed to be carried forward after exercising the option of new tax rate of 22%6 years agoAccumulated Additional Depreciation and Accumulated MAT Credit shall not be allowed to be carried forward after exercising the option of…
IT JudgementNO Penalty under section 271(1)(c) if notice issued by AO without specifying grounds of penalty6 years agoNO Penalty under section 271(1)(c) if notice issued by AO without specifying grounds of penalty Short Overview : Where AO had…
Income TaxInterest income on FDRis taxable on accrual basis if following of mercantile system6 years agoInterest income on FDRis taxable on accrual basis if following of mercantile system DCIT Vs. Delhi Tourism Transporation Corporation Ltd.…
Income TaxIt’s different. Enjoy reading the distinguishing parts of Section 44AD Vs. Section 44ADA Vs, Section 44AE6 years agoIt’s different. Enjoy reading the distinguishing parts of Section 44AD Vs. Section 44ADA Vs, Section 44AE Income Tax Act is…
Income TaxBusiness Compliance Calendar for the month of October- 20196 years agoBusiness Compliance Calendar for the month of October- 2019 NareshJakhotia Chartered Accountant www.theTaxTalk.com Special Caution: 31st October is the…
IT JudgementNo TDS under section 194-IA if share of each co-owner of property was under threshold limit6 years agoNo TDS under section 194-IA if share of each co-owner of property was under threshold limit Oxcia Enterprises (P.) Ltd.…
IT Judgement“ We express our pain and anxiety. The Tribunal ought not to have recorded any such concession on the part of the AR contrary to the written submissions”. Madras High Court6 years ago“ We express our pain and anxiety. The Tribunal ought not to have recorded any such concession on the part of…