Time limit extended for Settlement of Arrears of Tax, Interest, Penalty under Maharashtra VAT
Time limit extended for Settlement of Arrears of Tax, Interest, Penalty under Maharashtra VAT State Government has Notified by…
Income Tax
Admissibility of Additional evidence by CIT (Appeal) & contravention of rule 46A
Admissibility of Additional evidence by CIT (Appeal) & contravention of rule 46A Income Tax Act, 1961, Section 250(4) Appeal [CIT(A)]—Additional evidence—Admissibility—Contravention…
Government earns more than the taxpayer!
Government earns more than the taxpayer! See how it works. A Builder purchases 1000 sqm land in Goa for 1.5…
At the stage of granting registration under section 12AA, stage of granting registration CIT(E) was not required to examine application of income
At the stage of granting registration under section 12AA, stage of granting registration CIT(E) was not required to examine application…
Be cautious : It is held that AO was right in denying interest & salary paid to partners as firm failed to comply with sec. 142(1) notice:
Be cautious : It is held that AO was right in denying interest & salary paid to partners as firm…
Electric vehicle should be purchased for business use or personal use?
Electric vehicle should be purchased for business use or personal use? One of the major benefits by the Budget –…
Amendment of s. 200A which has been given effect from 1st June, 2015 is prospective in nature
Amendment of s. 200A which has been given effect from 1st June, 2015 is prospective in nature TDS—Fees under s.…
Land which is left barren but which is capable of being cultivated can also be ‘agricultural land’ ?
Land which is left barren but which is capable of being cultivated can also be ‘agricultural land’ ? Urban agricultual land…
Not only car, even purchase of electric two wheeler will offer tax benefit u/s 80EEB – A welcome proposal in Union Budget – II
Not only car, even purchase of electric two wheeler will offer tax benefit u/s 80EEB – A welcome proposal in…
Trust eligible for benefit of sec. 11, though ITR was filed in response to reassessment notice: ITAT Delhi
Trust eligible for benefit of sec. 11, though ITR was filed in response to reassessment notice: ITAT Delhi nited Educational…
Delhi HC allowed deduction of preliminary exp. to assessee engaged in service sector
Delhi HC allowed deduction of preliminary exp. to assessee engaged in service sector INCOME TAX ACT 1961: In case of…
Additional Ground Before CIT (Appeal)
Additional Ground Before CIT (Appeal) Jute Corpn. of India Ltd. vs. CIT [1991] 187 ITR 688 (SC): It was held…
Reassessment on the basis of an illegal notice u/s 148 is not sustainable : ITAT Mumbai
Reassessment on the basis of an illegal notice u/s 148 is not sustainable : ITAT Mumbai Reassessment Notice u/s. 148…
Period of holding to be considered from the date of allotment or date of agreement?
Period of holding to be considered from the date of allotment or date of agreement? Income Tax Act, 1961, Section 2(42A)…
Provide for pass through of losses in cases of Category I and Category II Alternative Investment Fund (AIF)
Provide for pass through of losses in cases of Category I and Category II Alternative Investment Fund (AIF) Section 115UB…
Concessional rate of Short-term Capital Gains (STCG) tax to certain equity-oriented fund of funds.
Concessional rate of Short-term Capital Gains (STCG) tax to certain equity-oriented fund of funds. In order to incentivise fund of…
Cancellation of registration of the Trust or Institution
Cancellation of registration of the Trust or Institution Section 12AA of the Act prescribes for manner of grating registration in…
Buy back of shares taxation- Extended to listed companies also
Buy back of shares taxation- Extended to listed companies also Section 115QA of the Act provides for the levy of…
