Validity of Addition under section 68 on Receipt of share application money
Validity of Addition under section 68 on Receipt of share application money Where assessee duly discharged its onus to prove…
Income Tax
Black money received on sale of rural agricultural land is taxable as “Income from Other Source”
Black money received on sale of rural agricultural land is taxable as “Income from Other Source” Facts & observation…
Interest received on enhanced compensation for acquisition of agricultural land is exempt u/s 10(37)
Interest received on enhanced compensation for acquisition of agricultural land is exempt u/s 10(37) Section 10(37) of the Income-tax Act,…
Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ?
Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ? Short…
CBDT issued procedure, format and standard for issuance of TDS Certificate in Part B of Form Nom 16
CBDT issued procedure, format and standard for issuance of TDS Certificate in Part B of Form Nom 16 CBDT issued…
Person opting under old Rate of Tax ie With Input tax Credit have to submit prescribed document to jurisdictional Commissioner by 10th May 2019.
Person opting under old Rate of Tax ie With Input tax Credit have to submit prescribed document to jurisdictional Commissioner…
Two Day Mega Tax Conference with eminent Tax Expert at Bilaspur on 1st & 2nd June
Two Day Mega Tax Conference with eminent Tax Expert at Bilaspur on 1st & 2nd June Respected Colleagues, With all…
Set-off of b/f long term capital loss and business loss against short-term capital gain computed under section 50 : Mumbai ITAT
Set-off of b/f long term capital loss and business loss against short-term capital gain computed under section 50 : Mumbai…
Section 54F is a beneficial provision and should be liberally interpreted.
Section 54F is a beneficial provision and should be liberally interpreted. There are lot of controversy with respect to capital…
In the absence of any exempt income, disallowance u/s 14A & Rule 8D of the Act of any amount is not permissible
In the absence of any exempt income, disallowance u/s 14A & Rule 8D of the Act of any amount is…
Landmark Judgement: Section 14A & Rule 8D do not apply to shares held as stock-in-trade- Maxopp Investment 402 ITR 640 (SC) distinguished
Landmark Judgement: Section 14A & Rule 8D do not apply to shares held as stock-in-trade- Maxopp Investment 402 ITR 640…
CBDT is empowered to lay down broad guidelines for disposal of appeals by CIT(A). It cannot offer ‘incentives’ to CIT(A) for making enhancement and levying penalty.
CBDT is empowered to lay down broad guidelines for disposal of appeals by CIT(A). It cannot offer ‘incentives’ to CIT(A)…
No reassessment u/s 148 merely on information without verification
No reassessment u/s 148 merely on information without verification Short Conclusion : AO cannot reopen an assessment u/s 148 merely…
There is an increase in income tax returns of 19% – CBDT Clarified
There is an increase in income tax returns of 19% – CBDT Clarified …
If Assessee failed to make claim for deduction under section 80-I, AO is not expected to grant it. AO is not expected to virtually sit in the office of assessee and help the assessee file the return
If Assessee failed to make claim for deduction under section 80-I, AO is not expected to grant it. AO is not expected…
Infibeam fires auditor for “sharing price-sensitive info”
Infibeam fires auditor for “sharing price-sensitive info”
How to easily calculate tax on Shares and Mutual Funds
In order to incentivize the equity markets Government has given various sops to this sector. Under Section 10(38) of Income…
Section 54F is a beneficial provision and should be liberally interpreted
Section 54F is a beneficial provision and should be liberally interpreted An assessee who has purchased a house property is…
