Brief note and FAQs on Unique Document Identification Number (UDIN)
Brief note and FAQs on Unique Document Identification Number (UDIN) Brief note and FAQs on Unique Document Identification Number *(UDIN)
Income Tax
How much tax will you save? Income between Rs 2.5 lakh and Rs 5 lakh in pre budget and post budget scenario
Income between Rs 2.5 lakh to Rs 5 lakh Particulars Pre Budget Post Budget Income From Salary 3,60,000 3,60,000 Less:…
Beware !! Agricultural land whether held as capital asset or stock-in-trade is covered under ambit of sec. 56(2)(vii)(b)
Beware !! Agricultural land whether held as capital asset or stock-in-trade is covered under ambit of sec. 56(2)(vii)(b) Facts: a)…
Validity of reassessment on the basis of information of shell companies
Validity of reassessment on the basis of information of shell companies Where assessee filed his return claiming capital gain…
9 Tax proposal in the Interim Budget -2019
9 Tax proposal in the Interim Budget -2019 All the changes proposed in the interim budget are as follows: …
Loans written off – Amount in respect of which there was no allowance or deduction claimed by assessee amounted to capital receipt not liable to tax u/s 41(1)
Loans written off – Amount in respect of which there was no allowance or deduction claimed by assessee amounted to…
Purchase of semi finished apartment within period prescribed time and admissibility exemption under sec. 54F
Purchase of semi finished apartment within period prescribed time and admissibility exemption under sec. 54F Conclusions: Where assessee entered into…
No tax as revenue receipts if shares are held by trust in fiduciary capacity and trust had acted as mere SPV of settler company: HC
No tax as revenue receipts if shares are held by trust in fiduciary capacity and trust had acted as mere…
Actual benefit to flow to Individuals earning beyond Rs. 5 Lakh also
Actual benefit to flow to Individuals earning beyond Rs. 5 Lakh also Individuals earning even between ₹8 to 10 lakh…
Tehsildar letter that there is no cultivation carried on the lands as per the land records is not conclusive for treating it as Non Agricultural
Tehsildar letter that there is no cultivation carried on the lands as per the land records is not conclusive for…
CBDT notofiesscheme for centralized issuance of notice and for processing of information or documents
CBDT notofiesscheme for centralized issuance of notice and for processing of information or documents Central Board of Direct Tax (CBDT)…
Benefit of capital gain exemption for two Houses in Budget 2019
Benefit of capital gain exemption for two Houses in Budget 2019 An individual can declare two houses as self-occupied instead…
Budget Proposals Increases Purchasing Power of Small Taxpayers: ICAI
Budget Proposals Increases Purchasing Power of Small Taxpayers: ICAI The Budget proposals on the personal taxation front would put more…
Validity of addition made pursuant to search operation on the same subject matter, which was examined during original assessment
Validity of addition made pursuant to search operation on the same subject matter, which was examined during original assessment Facts:…
बजट 2019 की घोषणाएं
बजट 2019 की घोषणाएं ★ बजट में 5 लाख रुपए सालाना कमाई पर इनकम टैक्स नहीं। ★ पहले 2.5 लाख…
5 लाख से अधिक की आय वालों के लिए नहीं बदला है टैक्स स्लैब
5 लाख से अधिक की आय वालों के लिए नहीं बदला है टैक्स स्लैब पीयूष गोयल ने अपने बजट भाषण…
Once an appeal is filed, it cannot be withdrawn- CIT (A) is duty bound to decide it on merits
Once an appeal is filed, it cannot be withdrawn- CIT (A) is duty bound to decide it on merits …
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