Income Tax

Section 50C is a deeming provision. Assessee is entitled to challenge the correctness of the DVO’s valuation before the CIT(A) and the Tribunal.

6 years ago

Section 50C is a deeming provision. Assessee is entitled to challenge the correctness of the DVO’s valuation before the CIT(A)…

IT Judgement

If no interest was charged from debtors, whether Interest paid o creditors could be disallowed?

6 years ago

If no interest was charged from debtors, whether Interest paid o creditors could be disallowed? IT: Where assessee-company, trading in…

IT Judgement

Loan is taken for acquiring capital asset, waiver thereof would not amount to any income eligible to tax u/s 41(1).

6 years ago

Loan is taken for acquiring capital asset, waiver thereof would not amount to any income eligible to tax u/s 41(1). …

IT Judgement

Interesting Case: Repairs & Maintenance Expenses paid by tenant can be added to rental income of owner?

6 years ago

Interesting Case: Repairs & Maintenance Expenses paid by tenant can be added to rental income of owner? Under the Income…

IT Judgement

Penalty under section 271(1)(c) get attracted if income is not disclosed voluntarily but it disclosed in pursuance of action by department

6 years ago

Penalty under section 271(1)(c) get attracted if income is not disclosed voluntarily but it disclosed in pursuance of action by…

IT Judgement

Whether the expenditure referred to in Section 40A(3) refers only to the expenditure that could be claimed as a deduction under Section 37 or to any payment made by the assessee and taken into account in computing the total income under the provisions of the Income-tax Act, 1961 ?

6 years ago

Whether the expenditure referred to in Section 40A(3) refers only to the expenditure that could be claimed as a deduction under Section 37 or…

Circular Notification other topic Press Release TDS

TDS DUE DATE FOR FILLING 24Q IS EXTENDED

6 years ago

TDS DUE DATE FOR FILLING 24Q IS EXTENDED

Income Tax

Corpus fund received by trust not registered under section 12AA is not taxable

6 years ago

Corpus fund received by trust not registered under section 12AA is not taxable Corpus fund meant for specific purpose to…

Income Tax

Top Taxpayer may get a direct call from PMO or FMO for a cup of Tea

6 years ago

Top Taxpayer may get a direct call from PMO or FMO for a cup of Tea New Modi Government is…

Income Tax

Whether Transfer of funds from NRO (Non Resident Ordinary) account to NRE (Non Resident External) requieea CA Certificate in Form 15CB?

6 years ago

Whether Transfer of funds from NRO (Non Resident Ordinary) account to NRE (Non Resident External) requieea CA Certificate in Form…

IT Judgement

Income from redemption of units of mutual fund in the hands of firm formed with an object to carry out money lending business – Whether business income or capital gain income ?

6 years ago

Income from redemption of units of mutual fund in the hands of firm formed with an object to carry out…

IT Judgement

Reassessment Notice issued under section 148 to the deceased assessee is Curable defect under section 292BB

6 years ago

Reassessment Notice issued under section 148 to the deceased assessee is Curable defect under section 292BB Over view: When the…

Income Tax

Whether municipal corporation paid by tenant can be added to rent for levying income tax?

6 years ago

Whether municipal corporation paid by tenant can be added to rent for levying income tax? Commissioner Of Income-Tax vs Gillanders…

Income Tax

If the house property was vacant during the year under consideration then Annual Value is to be taken as Nil

6 years ago

If the house property was vacant during the year under consideration then Annual Value is to be taken as Nil…

Article Income Tax Tax Planning TDS

Income Tax Law as applicable for the first installment of advance Tax.

6 years ago

First installment of the advance tax is due on 15th June. Taxpayers have to ensure payment of 15% of anticipated annual…

Company Law GST Income Tax IT Judgement other topic TDS

Business Compliance Calendar for June-2019

6 years ago

07.06.2019 – Due date for deposit of Tax deducted/collected for the month of May 2019. However, all sum deducted/collected by…

Income Tax

Money don’t have colour. Capital gain exemption available even if the investment is done by borrowed capital

6 years ago

Money don’t have colour. Capital gain exemption available even if the investment is done by borrowed capital Here is one…

IT Judgement

First Budget of Smt Nirmala Sitharaman as Finance Minister on 5th July 2019

6 years ago

First Budget of Smt Nirmala Sitharaman as Finance Minister on 5th July 2019 Budget Session to begin June 17 and…

Income Tax

Section 50C is a deeming provision. Assessee is entitled to challenge the correctness of the DVO’s valuation before the CIT(A) and the Tribunal.

If no interest was charged from debtors, whether Interest paid o creditors could be disallowed?

Loan is taken for acquiring capital asset, waiver thereof would not amount to any income eligible to tax u/s 41(1).

Interesting Case: Repairs & Maintenance Expenses paid by tenant can be added to rental income of owner?

Penalty under section 271(1)(c) get attracted if income is not disclosed voluntarily but it disclosed in pursuance of action by department

Whether the expenditure referred to in Section 40A(3) refers only to the expenditure that could be claimed as a deduction under Section 37 or to any payment made by the assessee and taken into account in computing the total income under the provisions of the Income-tax Act, 1961 ?

TDS DUE DATE FOR FILLING 24Q IS EXTENDED

Corpus fund received by trust not registered under section 12AA is not taxable

Top Taxpayer may get a direct call from PMO or FMO for a cup of Tea

Whether Transfer of funds from NRO (Non Resident Ordinary) account to NRE (Non Resident External) requieea CA Certificate in Form 15CB?

Income from redemption of units of mutual fund in the hands of firm formed with an object to carry out money lending business – Whether business income or capital gain income ?

Reassessment Notice issued under section 148 to the deceased assessee is Curable defect under section 292BB

Whether municipal corporation paid by tenant can be added to rent for levying income tax?

If the house property was vacant during the year under consideration then Annual Value is to be taken as Nil

Income Tax Law as applicable for the first installment of advance Tax.

Business Compliance Calendar for June-2019

Money don’t have colour. Capital gain exemption available even if the investment is done by borrowed capital

First Budget of Smt Nirmala Sitharaman as Finance Minister on 5th July 2019

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