Income Tax
Validity of Order of Reassessment passed by AO without disposing the objection raised by the assessee
Validity of Order of Reassessment passed by AO without disposing the objection raised by the assessee Where AO had passed…
Residence of taxpayers in the country
INCOME/RESIDENCE SECTION 6(1)(c), Residence of taxpayers in the country Introduction The tax is payable by every person and is based…
Disallowance u/s 40A(3) if Cash payments exceeding prescribed limit is done due to exceptional circumstances
Disallowance u/s 40A(3) if Cash payments exceeding prescribed limit is done due to exceptional circumstances Where assessee, land developer, made payment…
CHARGE OF SECURITIES TRANSACTION TAX (STT)
CHARGE OF SECURITIES TRANSACTION TAX (STT) On and from 01.10.2004, there shall be charged a securities transaction tax in respect…
Public Provident Fund- Best way for investment:
Public Provident Fund- Best way for investment: Whenever we heard the word “PPF”, the…
Classification of Goods under GST for coir products
Classification of Goods under GST for coir products 2018 TaxPub(GST) 0558 (AAR-Tel) IN THE AUTHORITY FOR ADVANCE RULINGS, TELANGANA J.…
Income tax department cannot claim any priority in payment from liquidated estate under IBC
Income tax department cannot claim any priority in payment from liquidated estate under IBC Facts: The issue before the High…
MAINTENANCE OF BOOKS OF ACCOUNTS U/s 44AA
MAINTENANCE OF BOOKS OF ACCOUNTS U/s 44AA WHO SHOULD MAINTAIN THE BOOKS: Case I – Persons carrying on specified profession…
Insertion of section 88d hardly of much relevance
EXEMPTION/REBATE SECTION 88D, Insertion of section 88D hardly of much relevance A new section 88D has been introduced by the…
Non-issuance of notice u/s 143(2) for reassessment will make entire procedure adopted for escaped assessment procedure void
Non-issuance of notice u/s 143(2) for reassessment will make entire procedure adopted for escaped assessment procedure void Where AO had…
AO is bound to disclose the reason of reassessment u/s 148 within reasonable time
AO is bound to disclose the reason of reassessment u/s 148 within reasonable time Where AO had passed the reassessment…
Completed assessments could not be interfered by AO while making assessment under section 153A in absence of some incriminating material unearthed during search.
Completed assessments could not be interfered by AO while making assessment under section 153A in absence of some incriminating material…
Whether the maturity value of Life Insurance received by the assessee from American Life Insurance Company is it exempt u/s 10(10D) of the IT Act ?
Whether the maturity value of Life Insurance received by the assessee from American Life Insurance Company is it exempt u/s…
CHILDREN EDUCATION TUITION FEES DEDUCTION U/S 80C
CHILDREN EDUCATION CHILDREN EDUCATION—TUITION FEES—DEDUCTION U/S 80C—CHILDREN EDUCTION ALLOWANCE—SECTION 10(14) SECTION 80C Can exemption of Children Education Allowance u/s 10(14)…
Deduction under section 80C from lottery income
INCOME—DEDUCTION UNDER S. 80C—LOTTERY INCOME SECTIONS 80C, 115BB, Income—Deduction under s. 80C—Lottery income It is stated that one of my…
Deduction under s. 80C—Investment by HUF
Section 80c: In accordance with the provisions of s. 80C(2)(i) and cl. (iv) of the IT Act, 1961, an HUF…
New Direct Tax Code – Task Force ask to submit report by 29.02.2019 !!
New Direct Tax Code – Task Force ask to submit report by 29.02.2019 !! Government of India Ministry of Finance…