Four attached flat purchased flats can be considered as “one” house property?
Four attached flat purchased flats can be considered as “one” house property? Almost all exemption provision in the Income Tax…
Income Tax
Non-filing of income tax return cannot be the reason for denial of registration u/s 12AA
Non-filing of income tax return cannot be the reason for denial of registration u/s 12AA Charity is uncharitable for various…
REVOCABLE TRUST VS IRREVOCABLE TRUST
REVOCABLE TRUST VS IRREVOCABLE TRUST Every trust applying for registration of trust u/s 12AA of the Income Tax Act –…
Whether the addition can be made if higher stock figure is submitted to the bank?
Whether the addition can be made if higher stock figure is submitted to the bank? Often, there is difference between…
Validity of Seizure of goods on allegation that e-way bill was not complete
Validity of Seizure of goods on allegation that e-way bill was not complete 2019 TaxPub(GST) 0304 (Ker-HC) Daily Express…
Cash payments made to the suppliers on holidays for procurement of the materials could not be disallowed under section 40A(3)
Cash payments made to the suppliers on holidays for procurement of the materials could not be disallowed under section 40A(3)…
Interesting Judgement: Charitable trust can carry forward excess of expenditure over income in the next year for set off
Interesting Judgement: Charitable trust can carry forward excess of expenditure over income in the next year for set off It…
For section 43B, Conversion of outstanding interest into loan does not amount to “actual payment”
For section 43B, Conversion of outstanding interest into loan does not amount to “actual payment” 43B: The conversion of outstanding…
What if Stamp Duty Valuation is higher than actual sale consideration due to distinguishable factors
What if Stamp Duty Valuation is higher than actual sale consideration due to distinguishable factors Notional income is the biggest…
Housing Loan & HRA Tax benefits can be claimed simultaneously
Housing Loan & HRA Tax benefits can be claimed simultaneously Taxpayers staying in a rented premise are eligible for tax…
Income Tax Act – 1961 on Mobile now
Income Tax Act – 1961 on Mobile now We have developed a Very useful app for the Tax Professionals, accountants …
New Direct Tax Code committee granted time up to July end !!
New Direct Tax Code committee granted time up to July end !! Modi Government is back in power and so…
Validity of Seizure of goods in allegation that documents carried by driver of vehicle were forged
Validity of Seizure of goods in allegation that documents carried by driver of vehicle were forged 2019 TaxPub(GST) 0269…
Additions made during assessment proceedings cannot result in automatic levy of penalty
Additions made during assessment proceedings cannot result in automatic levy of penalty Overview : It is an accepted principle of…
Capital gains exemption on purchase of new property before sale of original asset & Completion of construction within three years
Capital gains exemption on purchase of new property before sale of original asset & Completion of construction within three years Overview: As assessee…
No dissolution clause in the trust deed, still trust eligible for section 12AA registration
No dissolution clause in the trust deed, still trust eligible for section 12AA registration There are lots many trust which…
Interest paid to the seller of house – Whether eligible for deduction as housing loan interest u/s 24(b)?
Interest paid to the seller of house – Whether eligible for deduction as housing loan interest u/s 24(b)? Income Tax…
Who will present the Union Budget – 2019
Who will present the Union Budget – 2019 With absolute Majority, more strength, higher acceptability, Modi Government is back to…
