If no interest was charged from debtors, whether Interest paid o creditors could be disallowed?
If no interest was charged from debtors, whether Interest paid o creditors could be disallowed? IT: Where assessee-company, trading in…
Income Tax
Loan is taken for acquiring capital asset, waiver thereof would not amount to any income eligible to tax u/s 41(1).
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?
Interesting Case: Repairs & Maintenance Expenses paid by tenant can be added to rental income of owner? Under the Income…
Penalty under section 271(1)(c) get attracted if income is not disclosed voluntarily but it disclosed in pursuance of action by department
Penalty under section 271(1)(c) get attracted if income is not disclosed voluntarily but it disclosed in pursuance of action by…
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 ?
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…
TDS DUE DATE FOR FILLING 24Q IS EXTENDED
TDS DUE DATE FOR FILLING 24Q IS EXTENDED
Corpus fund received by trust not registered under section 12AA is not taxable
Corpus fund received by trust not registered under section 12AA is not taxable Corpus fund meant for specific purpose to…
Top Taxpayer may get a direct call from PMO or FMO for a cup of Tea
Top Taxpayer may get a direct call from PMO or FMO for a cup of Tea New Modi Government is…
Whether Transfer of funds from NRO (Non Resident Ordinary) account to NRE (Non Resident External) requieea CA Certificate in Form 15CB?
Whether Transfer of funds from NRO (Non Resident Ordinary) account to NRE (Non Resident External) requieea CA Certificate in Form…
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 ?
Income from redemption of units of mutual fund in the hands of firm formed with an object to carry out…
Reassessment Notice issued under section 148 to the deceased assessee is Curable defect under section 292BB
Reassessment Notice issued under section 148 to the deceased assessee is Curable defect under section 292BB Over view: When the…
Whether municipal corporation paid by tenant can be added to rent for levying income tax?
Whether municipal corporation paid by tenant can be added to rent for levying income tax? Commissioner Of Income-Tax vs Gillanders…
If the house property was vacant during the year under consideration then Annual Value is to be taken as Nil
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.
First installment of the advance tax is due on 15th June. Taxpayers have to ensure payment of 15% of anticipated annual…
Business Compliance Calendar for June-2019
07.06.2019 – Due date for deposit of Tax deducted/collected for the month of May 2019. However, all sum deducted/collected by…
Money don’t have colour. Capital gain exemption available even if the investment is done by borrowed capital
Money don’t have colour. Capital gain exemption available even if the investment is done by borrowed capital Here is one…
First Budget of Smt Nirmala Sitharaman as Finance Minister on 5th July 2019
First Budget of Smt Nirmala Sitharaman as Finance Minister on 5th July 2019 Budget Session to begin June 17 and…
Admission of undisclosed income during survey attracts Penalty under section 271(1)(c)
Admission of undisclosed income during survey attracts Penalty under section 271(1)(c) Short overview of the case: Assessee did not disclose…
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