Disallowance under section 14A if no exempt income earned during the year under consideration
Disallowance under section 14A if no exempt income earned during the year under consideration Short Overview: As assessee had not earned…
Income Tax
Whether deduction towards housing loan interest is available on accrual basis or deduction is available only if it is paid ?
Query : Whether deduction towards housing loan interest is available on accrual basis or deduction is available only if it…
Individual script wise details for offering LTCG not mandatory while filing ITR
Individual script wise details for offering LTCG not mandatory while filing ITR Schedule 112A and 115AD(1)(iii) of long term capital…
Loan waiver by bank – Whether Taxable ?
Loan waiver by bank – Whether Taxable ? Section 41(1) states that any allowance or deduction made in the assessment…
Key changes proposed in the Income Tax Act – 1961 by recent Union Budget – 2019 [Finance (No. 2) Bill, 2019]
Key changes proposed in the Income Tax Act – 1961 by recent Union Budget – 2019 [Finance (No. 2) Bill,…
Powers of CIT(A) are co-terminus with that of AO
Powers of CIT(A) are co-terminus with that of AO Short Over Oview : Powers of CIT(A) are co-terminus with that of…
Approval under section 80G(5) cannot be rejected if registration is granted under section 12AA
Approval under section 80G(5) cannot be rejected if registration is granted under section 12AA Short Over view: Since Commissioner (Exemptions) was…
CBDT Clarifies as to incorrect report circulated in the Social Media on ITR filing
CBDT Clarifies as to incorrect report circulated in the Social Media on ITR filing
Deferred consideration dependent on a contingency does not accrue unless the contingency has occurred and is not liable to capital gains tax in year of transfer
Deferred consideration dependent on a contingency does not accrue unless the contingency has occurred and is not liable to capital…
The assessee is not eligible to capital gains without the accrual of the consideration to the assessee (Development Agreement)
The assessee is not eligible to capital gains without the accrual of the consideration to the assessee (Development Agreement) Income…
Excrllent representation on Hardships caused to Tax payers in Income Tax Return filing by BCAS
Excrllent representation on Hardships caused to Tax payers in Income Tax Return filing by BCAS Representation Hardships caused to Tax…
In tax jurisprudence “intention” would be irrelevant. If therefore any action is done with contrary intention but comes within the mischief of a taxing statute, it would still apply.
In tax jurisprudence “intention” would be irrelevant. If therefore any action is done with contrary intention but comes within the…
Joint Development Agreement results in capital gain to the assessee?
Joint Development Agreement results in capital gain to the assessee? Income Tax Appellate Tribunal – Amritsar Mohinder Kaur Josh, Hoshiarpur…
Principal Commissioner transfer-posting orders
Principal Commissioner transfer-posting orders Principal Commissioner transfer-posting orders
Payment made on October 3, 2017 shall be deemed to be paid by due date for 3rd instalment under IDS: CBDT
Payment made on October 3, 2017 shall be deemed to be paid by due date for 3rd instalment under IDS:…
Would capital gain arise on transfer of goodwill?
Would capital gain arise on transfer of goodwill? Commissioner Of Income-Tax, W.B. … vs Chunilal Prabhudas & Co. (Defunct ……
Delhi HC held in favour of Assessee . Revision petition under Sec. 264 is maintainable against sec. 143(1) intimation
Delhi HC held in favour of Assessee . Revision petition under Sec. 264 is maintainable against sec. 143(1) intimation INCOME…
Purchase of agricultural land made prior transfer is not eligible for capital gain exemption u/s 54B
Purchase of agricultural land made prior transfer is not eligible for capital gain exemption u/s 54B Short overview: Section 54B…
