EMPLOYEES PROVIDENT FUND AS PER EMPLOYEES PROVIDENT ACT, 1952
EMPLOYEES PROVIDENT FUND AS PER EMPLOYEES PROVIDENT ACT, 1952 Employees Provident Fund Act, 1952 is applicable to whole of India…
Income Tax
Interesting Issue: Depreciation on Intangible asset – Expression “or any other business or commercial rights of similar nature” used in Explanation 3 to sub-section 32(1)(ii) is wide enough to include non-compete rights
Interesting Issue: Depreciation on Intangible asset – Expression “or any other business or commercial rights of similar nature” used in…
Sec.69C : Unexplained Expenditure
Sec.69C : Unexplained Expenditure Section 69C has been reproduced below : “Where in any year the taxpayer has incurred any…
CBDT issued advisory for Assessing Officer doing Assessment of firms
CBDT issued advisory for Assessing Officer doing Assessment of firms CBDT_Assessment_of_firms
Purchase of semi-finished flat to be treated as purchase of property for construction for sec. 54 claim : ITAT Delhi
Purchase of semi-finished flat to be treated as purchase of property for construction for sec. 54 claim : ITAT Delhi…
Sec.69B : Amount of Investments, etc., not fully disclosed in the books of accounts
Sec.69B : Amount of Investments, etc., not fully disclosed in the books of accounts Section 69B has been reproduced below:…
Sec.69A : Unexplained Money
Sec.69A : Unexplained Money Section 69A has been reproduced below: “Where in any year the taxpayer is found to be…
Sec.69 : Unexplained Investments
Sec.69 : Unexplained Investments Background : Many times investments are being made out of unaccounted funds and black moneys are…
Sec.68 : Unexplained Cash credits
Sec.68 : Unexplained Cash credits Where any sum is found credited in the books of an assessee maintained for any…
TAX COLLECTED AT SOURCE
TAX COLLECTED AT SOURCE What do you mean by Tax collected at source (TCS)? In India, on the sale…
RATES OF TAX COLLECTED AT SOURCE
RATES OF TAX COLLECTED AT SOURCE Goods covered under TCS provisions and Applicable Rates When the below-mentioned goods are…
PENALTY FOR LATE PAYMENT OF TAX COLLECTED AT SOURCE
PENALTY FOR LATE PAYMENT OF TAX COLLECTED AT SOURCE Basic provisions relating to due date of payment of TCS to…
CLASSIFICATION OF SELLER AND BUYER UNDER TAX COLLECTED AT SOURCE
CLASSIFICATION OF SELLER AND BUYER UNDER TAX COLLECTED AT SOURCE There are some specific people or organizations who have been…
Section 115BBE – “Tax on Income referred to in sec.68,sec.69,sec.69A,sec.69B, sec.69C or sec.69D
Section 115BBE – “Tax on Income referred to in sec.68,sec.69,sec.69A,sec.69B, sec.69C or sec.69D Background of Sec.115BBE : The provisions of…
An interesting decision in respect of Concept of “Ancestral Property” rendered by the Supreme Court !
An interesting decision in respect of Concept of “Ancestral Property” rendered by the Supreme Court ! Hindu Laws Ancestral Property…
Exchange of jewellery – How you record the transactions is important from taxation perspective – 40A(3) Case.
Exchange of jewellery – How you record the transactions is important from taxation perspective – 40A(3) Case. Income Tax Appellate…
Maintenance charges paid directly to the service provider can not be treated as “Rent” in the hands of owner
Maintenance charges paid directly to the service provider can not be treated as “Rent” in the hands of owner Vinod…
Limit for monthly filing of PTRC returns in Maharashtra has been raised from 50,000/- to 1,00,000/-
Limit for monthly filing of PTRC returns in Maharashtra has been raised from 50,000/- to 1,00,000/- PT Rule Amednment…
