Surplus from assignment of loan having been taken for acquisition of capital asset is not taxable as income
Surplus from assignment of loan having been taken for acquisition of capital asset is not taxable as income Short Overview…
Income Tax
Giving up of right to claim specific performance by an assessee to get conveyance of immovable property, in lieu of receiving consideration, would result in extinguishment of right in property and it would thereby attract rigour of section 2(14), read with section 2(47)
Giving up of right to claim specific performance by an assessee to get conveyance of immovable property, in lieu of…
Entry in revenue records is not conclusive proof of the fact that the land is agricultural in the absence of evidence that the land is put to agricultural use
Entry in revenue records is not conclusive proof of the fact that the land is agricultural in the absence of…
Contract farming without own cultivation is not exempt.
Contract farming without own cultivation is not exempt. Where assessee entered into lease and service agreement with farmers for cultivation…
Sole Surviving coparcener can be HUF
Sole Surviving coparcener can be HUF Short Overview : Sole Surviving coparcener can be HUF and so sole male surviving…
Landmark, interesting & very Practical Judgment: Stamp dutyvaluation cannot be adopted in case of sale of property under encroachment
Landmark, interesting & very Practical Judgment: Stamp dutyvaluation cannot be adopted in case of sale of property under encroachment Sir…
Who can take the benefit of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 ?
Who can take the benefit of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 ? For Service Tax and Central Excise…
Addition of Accommodation entry by way of Bogus LTCG upheld by Delhi ITAT
Addition of Accommodation entry by way of Bogus LTCG upheld by Delhi ITAT Case Name : Suman Poddar Vs ITO (ITAT…
Whether sale in cash or against cheque, draft etc is prohibited now? Whether any undertaking is needed for accepting payment against cash sale?
Whether sale in cash or against cheque, draft etc is prohibited now? Whether any undertaking is needed for accepting payment…
CBDT invites application for prescribing of certain electronic modes of payment u/s 269SUof the Income-tax Act, 1961
CBDT invites application for prescribing of certain electronic modes of payment u/s 269SUof the Income-tax Act, 1961 FTS- 1275045/2019 Government…
Once the prior period income is held to be taxable, the prior period expenditure also should be allowed to be set off
Once the prior period income is held to be taxable, the prior period expenditure also should be allowed to be…
Delay of just 1 day in filing the return of income beyond the prescribed period and grant of benefit attached with the return filed u/s 139(1)
Delay of just 1 day in filing the return of income beyond the prescribed period and grant of benefit attached…
CBDT amends over 100 income-tax forms/ returns / reports to provide for PAN – Aadhaar substitution
CBDT amends over 100 income-tax forms/ returns / reports to provide for PAN – Aadhaar substitution CBDT amends over 100…
Sabka Visbwas (Legacy Dispute Resolution) Scheme Rules, 2019 : Not to Miss offer by Government
Sabka Visbwas (Legacy Dispute Resolution) Scheme Rules, 2019 : Not to Miss offer by Government By Union Budget 2019-20, the…
MCACMS : An online Compliance Monitoring System byMinistry of Corporate Affairs for show cause notices and replies
MCACMS : An online Compliance Monitoring System byMinistry of Corporate Affairs for show cause notices and replies MCACMS is an…
Depreciation is allowable on Payment of non-compete fees
Depreciation is allowable on Payment of non-compete fees Short Overview The expression “or any other business or commercial rights of…
No disallowance under section 40(a)(ia) even if no deduction of tax at source if Payee has paid tax to Government Account
No disallowance under section 40(a)(ia) even if no deduction of tax at source if Payee has paid tax to Government…
(ia) even if no deduction of tax at source if Payee has paid tax to Government Account){kind=link}
(ia) even if no deduction of tax at source if Payee has paid tax to Government Account&description=&image=https://thetaxtalk.com/wp-content/uploads/2019/11/Untitled-1444-min.png){kind=link}