Housing loan interest not claimed in the original return in earlier years, what is the remedy now?
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Housing loan interest not claimed in the original return in earlier years, what is the remedy now? …
Query
Whether it is mandatory to set off business loss against income from capital gain ?
Whether it is mandatory to set off business loss against income from capital gain ? Overview: As assessee was given…
FAQ on Maharashtra settlement scheme.. Dated 15.05.2019
Trade Circular-20T of 2019 dated 15th May 2019 FAQ on Maharashtra settlement scheme.. Dated 15.05.2019 FAQ on Maharashtra settlement scheme..…
Invocation of revisional powers by the CIT without holding an independent inquiry to repudiate the conclusions arrived at by the AO in the assessment order is erroneous
Invocation of revisional powers by the CIT without holding an independent inquiry to repudiate the conclusions arrived at by the…
Whether Partner receiving interest & Remuneration can opt for presumptive taxation for such Income?
Query ) Whether Partner receiving interest & Remuneration can opt for presumptive taxation for such Income? Opinion: Before coming to…
Whether Audit Report of Trust in Form NO. 10B can be filed after filing Income Tax Return?
Query] Whether filing of audit report in Form No. 10B is compulssory at the time of filing income tax return…
Interest paid to Co-operative credit societies (commonly known as ‘Patsanstha’) by borrowers – whether liable to TDS u/s 194A?
In the above case, the only possible exception to the general applicability of TDS on interest is provided in Section…
Trust offering income lower than 8%, whether 2 audit required?
Query) I had a query, one of my clients registered charitable trust U/S 12A is running a book store. Gross…
TDS on interest paid by banks on deposits of Co-op. Milk Federations, Educational Institutions, Charitable Trusts, trade unions, scientific research association, Local Authorities etc.
TDS on interest paid by banks on deposits of Co-op. Milk Federations, Educational Institutions, Charitable Trusts, trade unions, scientific research…
Query on the House Rent Allowance (HRA) exemption?
Query – I am paying a house rent for Rs 14,000/- per month and additional Rs. 1,200/- towards maintenance for…
Chargeability of capital Gain tax in case converted asset [capital asset converted to stock in trade – section 45(2)] is sold/transferred in parts in different years:
Chargeability of capital Gain tax in case converted asset [capital asset converted to stock in trade – section 45(2)] is…
Consequences of failure to deduct tax at source by purchaser of immovable property above Rs. 50 Lacs:
Query – Consequences of failure to deduct tax at source by purchaser of immovable property above Rs. 50 Lacs: Opinion…
In the case of an assessee whose income is not chargeable to income-tax by reason of a specific exemption contained in the law or otherwise, whether he is required to get his accounts audited and to furnish such report under section 44AB?
In the case of an assessee whose income is not chargeable to income-tax by reason of a specific exemption contained…
Individual assessee having turnover below Rs. 1 Crore, got the books audited u/s 44AD(5) [net profit shown below 8% of turnover] for F.Y. 2016-17. Whether TDS provisions are applicable to him for F.Y. 16-17 / 17-18?
Individual assessee having turnover below Rs. 1 Crore, got the books audited u/s 44AD(5) [net profit shown below 8% of…
Whether tax is liable to be deducted at source from sale consideration payable to a non-resident transferor who sells immovable property?
Whether tax is liable to be deducted at source from sale consideration payable to a non-resident transfer or who sells…
Turnover in future and option business under section 44 AD
QUERY- Dear sir As I read your article regarding 44AD Future & Option business at the following links: – Loss in F…
Agreement in October 2016, Sale deed in August 2018- When the capital gain liability would arise?
Agreement in October 2016, Sale deed in August 2018- When the capital gain liability would arise? Sir, I went through…
TDS on paymet on transfer of certain immovable property – Section 194IA – reference to stamp duty value for the purpose of applicability of TDS provision – whether allowable?
TDS on paymet on transfer of certain immovable property – Section 194IA – reference to stamp duty value for the…
