Income TaxLife Insurance Premium: Deduction under section 80C of Income Tax Act 1961.5 Sep 20180Life Insurance Premium: Deduction under section 80C of Income Tax Act 1961. Eligible deduction under section 80C of Income Tax…
Income TaxCBDT Directive Reg Acceptance Of Paper Returns For AYs Prior To AY 2018-195 Sep 20180CBDT Directive Reg Acceptance Of Paper Returns For AYs Prior To AY 2018-19 F No 279/Misc. 142/2007-ITJ (Pt) Government of…
Income TaxWhen TDS is required to be deducted at the time of amount paid or payable?5 Sep 20180Issue: Whether under section 40(a)(ia) of Income Tax Act 1961 word payable includes paid also? Whether TDS is required to…
IT JudgementWhere assessee had not closed its business permanently, depreciation could not be denied on account of closure of business5 Sep 20180IT : Where assessee had not closed its business permanently, rather, on account of stay from Court it could not…
IT JudgementNo TDS done on the audit fees provision for the reason that it is payable only after the signing of the report- Whether disallowable u/s 40(a)(ia) ?5 Sep 20180No TDS done on the audit fees provision for the reason that it is payable only after the signing of…
IT JudgementWhether additions under section 68 towards unexplained cash credit and 69 towards unexplained investments of Income Tax Act 1961 can be deleted if assessee gives proper explanation and produce evidence of transaction?5 Sep 20180Whether additions under section 68 towards unexplained cash credit and 69 towards unexplained investments of Income Tax Act 1961 can…
Income TaxAllowance of expense of interest and remuneration to Partnership firm.4 Sep 20180Allowance of expense of interest and remuneration to Partnership firm Section 40(b) of Income Tax Act 1961 specify conditions on…
Income TaxDeduction under section 54EC of Income Tax Act 1961 by investment in bonds notified by Government of India.4 Sep 20180Deduction under section 54EC of Income Tax Act 1961 by investment in bonds notified by Government of India. The benefit…
Income TaxIs any Relief available to Non-Resident Indians when they become Resident?4 Sep 20180Is any Relief available to Non-Resident Indians when they become Resident? Section 115H of the Income Tax Act,1961 provide benefits…
Income TaxSection 54EE: A Cake That One Can’t Eat !4 Sep 20180Section 54EE: A Cake That One Can’t Eat! Sale/Transfer/Exchange of “Capital Asset” is a transaction that may bring high amount…
Income TaxAll about Dividend Distribution Tax.4 Sep 20180All about Dividend Distribution Tax . The provisions relating to Dividend Distribution Tax are governed by section 115O of Income…
Income TaxWhether benefit of presumptive taxation under section 44ADA of Income Tax Act 1961 applicable to company?4 Sep 20180Whether benefit of presumptive taxation under section 44ADA of Income Tax Act 1961 applicable to company? Section 44ADA is applicable…
IT JudgementAssessment–Additions to income–Accrued interest on bad and doubtful debts/NPA’s.4 Sep 20180Assessment–Additions to income–Accrued interest on bad and doubtful debts/NPA’s. Dy. CIT v. Saurashtra Co-op. Bank Ltd. Decision: In assessee’s favour. Assessment–Additions…
ArticleWhether Income Tax Notices Issued In The Name Of Deceased Valid?4 Sep 20180“Death doesn’t deprive income tax payer from Income Tax Notices”. So, whether such notices issued by The Income Tax Department…
Income TaxTDS Chart AY 19-20.3 Sep 20180 tds-rate-chart-AY-19-20 (1) Read More: [button color=”” size=”” type=”outlined” target=”” link=”https://thetaxtalk.com/income-tax/”]Income tax[/button] [button color=”” size=”” type=”outlined” target=”” link=”https://thetaxtalk.com/gst/”]GST[/button]…
Income TaxCBDT Instruction regarding Conduct Of E-Assessment Proceedings During FY 2018-19.3 Sep 20180Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi,the 20th August,2018 Subject: Conduct of assessment…
Income TaxCBDT inserts new Rule 11UAB for determination of fair market value (FMV) of inventory converted in to capital Assets3 Sep 20180CBDT inserts new Rule 11UAB for determination of fair market value (FMV) of inventory converted in to capital Assets CBDT…
Income TaxTaxability of Different Provident Funds under Income Tax Act3 Sep 20180Taxability of Different Provident Funds under Income Tax Act: Whenever any employee joins the company, he should know in which…