Income Tax

Deduction claimed u/s 80IB is allowable on proportionate basis on those residential units of the housing project which fulfills the conditions u/s 80IB(10) by excluding those units which otherwise violate such stipulations

7 years ago

Deduction claimed u/s 80IB is allowable on proportionate basis on those residential units of the housing project which fulfills the…

Income Tax

Prosecution : Delay in payment of tax cannot be construed as an attempt to evade tax, so as to launch prosecution of the assessees for alleged offence u/s 276C(2)

7 years ago

Prosecution : Delay in payment of tax cannot be construed as an attempt to evade tax, so as to launch…

IT Judgement

Disallowance under section 14A if no exempt income earned during the year under consideration

7 years ago

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 ?

7 years ago

Query : Whether deduction towards housing loan interest is available on accrual basis or deduction is available only if it…

Income Tax

Individual script wise details for offering LTCG not mandatory while filing ITR

7 years ago

Individual script wise details for offering LTCG not mandatory while filing ITR Schedule 112A and 115AD(1)(iii) of long term capital…

Income Tax

Loan waiver by bank – Whether Taxable ?

7 years ago

Loan waiver by bank – Whether Taxable ? Section 41(1) states that any allowance or deduction made in the assessment…

Income Tax

Key changes proposed in the Income Tax Act – 1961 by recent Union Budget – 2019 [Finance (No. 2) Bill, 2019]

7 years ago

Key changes proposed in the Income Tax Act – 1961 by recent Union Budget – 2019 [Finance (No. 2) Bill,…

IT Judgement

Powers of CIT(A) are co-terminus with that of AO

7 years ago

Powers of CIT(A) are co-terminus with that of AO Short Over Oview : Powers of CIT(A) are co-terminus with that of…

IT Judgement

Approval under section 80G(5) cannot be rejected if registration is granted under section 12AA

7 years ago

Approval under section 80G(5) cannot be rejected if registration is granted under section 12AA Short Over view: Since Commissioner (Exemptions) was…

Income Tax

CBDT Clarifies as to incorrect report circulated in the Social Media on ITR filing

7 years ago

CBDT Clarifies as to incorrect report circulated in the Social Media on ITR filing

Income Tax

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

7 years ago

Deferred consideration dependent on a contingency does not accrue unless the contingency has occurred and is not liable to capital…

IT Judgement

The assessee is not eligible to capital gains without the accrual of the consideration to the assessee (Development Agreement)

7 years ago

The assessee is not eligible to capital gains without the accrual of the consideration to the assessee (Development Agreement) Income…

Income Tax

Excrllent representation on Hardships caused to Tax payers in Income Tax Return filing by BCAS

7 years ago

Excrllent representation on Hardships caused to Tax payers in Income Tax Return filing by BCAS Representation Hardships caused to Tax…

IT Judgement

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.

7 years ago

In tax jurisprudence “intention” would be irrelevant. If therefore any action is done with contrary intention but comes within the…

IT Judgement

Joint Development Agreement results in capital gain to the assessee?

7 years ago

Joint Development Agreement results in capital gain to the assessee? Income Tax Appellate Tribunal – Amritsar Mohinder Kaur Josh, Hoshiarpur…

Income Tax

Principal Commissioner transfer-posting orders

7 years ago

Principal Commissioner transfer-posting orders Principal Commissioner transfer-posting orders

Income Tax

Payment made on October 3, 2017 shall be deemed to be paid by due date for 3rd instalment under IDS: CBDT

7 years ago

Payment made on October 3, 2017 shall be deemed to be paid by due date for 3rd instalment under IDS:…

Income Tax

Would capital gain arise on transfer of goodwill?

7 years ago

Would capital gain arise on transfer of goodwill? Commissioner Of Income-Tax, W.B. … vs Chunilal Prabhudas & Co. (Defunct ……

Income Tax

Deduction claimed u/s 80IB is allowable on proportionate basis on those residential units of the housing project which fulfills the conditions u/s 80IB(10) by excluding those units which otherwise violate such stipulations

Prosecution : Delay in payment of tax cannot be construed as an attempt to evade tax, so as to launch prosecution of the assessees for alleged offence u/s 276C(2)

Disallowance under section 14A if no exempt income earned during the year under consideration

Whether deduction towards housing loan interest is available on accrual basis or deduction is available only if it is paid ?

Individual script wise details for offering LTCG not mandatory while filing ITR

Loan waiver by bank – Whether Taxable ?

Key changes proposed in the Income Tax Act – 1961 by recent Union Budget – 2019 [Finance (No. 2) Bill, 2019]

Powers of CIT(A) are co-terminus with that of AO

Approval under section 80G(5) cannot be rejected if registration is granted under section 12AA

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

The assessee is not eligible to capital gains without the accrual of the consideration to the assessee (Development Agreement)

Excrllent representation on Hardships caused to Tax payers in Income Tax Return filing by BCAS

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.

Joint Development Agreement results in capital gain to the assessee?

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

Would capital gain arise on transfer of goodwill?

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