All about income tax return filing under section 119(2)(b) of Income Tax Act – 1961- CA Naresh Jakhotia
All about income tax return filing under section 119(2)(b) of Income Tax Act – 1961 – CA Naresh Jakhotia Income…
Income Tax
Rental & Maintenance income from Family Entertainment Center-cum-Mall – Whether House Property income or business income ?
Rental & Maintenance income from Family Entertainment Center-cum-Mall – Whether House Property income or business income ? Short Overview: As…
Landmark Judgement : Construction of new residential building without approval of Municipal Council and capital gain exemption
Landmark Judgement : Construction of new residential building without approval of Municipal Council and capital gain exemption Short Overview: Where…
Be cautious : Purchase of rural agricultural land acquired below stamp value – Invocation of section 56(2)(vii)(b) could not be set aside
Be cautious : Purchase of rural agricultural land acquired below stamp value – Invocation of section 56(2)(vii)(b) could not be…
For claiming exemption under section 10(23C)(iiiad), entity must be registered as an University or other Educational Institute
For claiming exemption under section 10(23C)(iiiad), entity must be registered as an University or other Educational Institute Short Overview: Where…
Validity of Penalty under section 271(1)(c) if Additional income declared in survey under section 133A is incorporated in ITR filed u/s 139
Validity of Penalty under section 271(1)(c) if Additional income declared in survey under section 133A is incorporated in ITR filed…
Disallowance under section 14A- whether interest expenses to be taken as net or gross amount ?
Disallowance under section 14A- whether interest expenses to be taken as net or gross amount ? Short Overview: Interest expenses…
Tribunal omission to consider the case laws – Whether Tribunal can recalled it’s order ?
Tribunal omission to consider the case laws – Whether Tribunal can recalled it’s order ? Short Overview: While passing order…
Delhi ITAT confirmed additions as assessee claimed TDS but didn’t offer corresponding income in ITR
Delhi ITAT confirmed additions as assessee claimed TDS but didn’t offer corresponding income in ITR INCOME TAX : Where assessee…
Based on 26AS alone no additions could be made.
Based on 26AS alone no additions could be made. Short Overview: Based on 26AS alone no additions could be made.…
Income from Business or Other Source of Fund is generated from business & sourced to FDRs
Income from Business or Other Source of Fund is generated from business & sourced to FDRs Short Overview: Although funds…
All set, Faceless & Jurisdiction free assessment to start now !!
All set, Faceless & Jurisdiction free assessment to start now !!
Taxpayer can get PAN without applying for it !! New Emerging India !!
Taxpayer can get PAN without applying for it !! New Emerging India !!
Consolidated circular for assessment of Startups by CBDT
Consolidated circular for assessment of Startups by CBDT Circular No. 22/2019 Government of India Ministry of Finance Department of Revenue Central Board…
Even though the assessee failed to disclose the names of the donors, the amount received as building fund was utilized for charitable purpose & hence eligible for exemption u/s 11
Even though the assessee failed to disclose the names of the donors, the amount received as building fund was utilized…
“Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due” – Circular issued prior to 1961 Act which is still relevant
“Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due” – Circular…
If the transactions through the broker are duly recorded in the books of the assessee. AO cannot treat it as Bogus
If the transactions through the broker are duly recorded in the books of the assessee. AO cannot treat it as…
Salary received by a non-resident for services rendered abroad accrues outside India and is not chargeable to tax in India. The source of the receipt is not relevant. The CIT has wide powers u/s 264 and has to exercise them in favour of the assessee in terms of CBDT Circular No. 14 (XL-35) dated 11.04.1955
Salary received by a non-resident for services rendered abroad accrues outside India and is not chargeable to tax in India.…
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