Query – 2 similer Queries depends on section 2(14) of the Income Tax Act !
Whether Gram Panchayat, Pachayat Samiti are covered under term Municipality for purpose of section 2(14) of the Act? The…
Query
Whether profit on sale of Land can be adjusted against loss on sale of Shares?
Query – What is the latest rule of cap gains taxes in the budget for financial year 2018-19? Can long term capital…
Capital gain issues on surrender of Land (held as capital asset) in lieu of TDR, sale of TDR, applicability of section 50C in case of sale of TDR etc.
Query – Capital gain issues on surrender of Land (held as capital asset) in lieu of TDR, sale of TDR,…
Applicability of TDS Provision if rent payment per person is below Rs. 50,000/ but collectively exceeds Rs. 50,000/
Query: If monthly rent of an undivided property jointly owned by 4 people is 56000/- per month ( 14000 to…
Whether “Stipend” received by students/trainees is taxable as such under the Income Tax Act, 1961?
Whether ” Stipend ” received by students/trainees while pursuing higher education/internship/articleship etc. is taxable as such under the Income Tax Act, 1961?…
As far as equity/commodity derivative transactions entered through recognized stock exchanges in India are concerned, there is lot of confusion amongst the members as regards identification of speculative transactions for the purpose of I.T. Act. What are the exact provisions of I.T. Act in this regard?
As far as equity/commodity derivative transactions entered through recognized stock exchanges in India are concerned, there is lot of confusion…
what are the remedies available in case of High pitched assessments ?
ISSUE: Stay and recovery – what are the remedies available in case of High pitched assessments apart from other meritorious…
Cash debits/credits in undisclosed bank accounts unearthed during the course of assessment proceedings – theory of peak credit – how far applicable?
Cash debits/credits in undisclosed bank accounts unearthed during the course of assessment proceedings – theory of peak credit – how…
Query – An Indian company is making a lease agreement with Individual assessee (owner of the agricultural lands) for carrying on pure agricultural activities thereon for deriving agricultural income there from. Taxation issues in the hands of company?
An Indian company is making a lease agreement with Individual assessee (owner of the agricultural lands) for carrying on pure…
An HUF is partner in a firm and remuneration is paid to the Karta of HUF – whether allowable as deduction u/s 40(b) of The Income Tax Act? In whose hands the remuneration is taxable – individual or HUF?
An HUF is partner in a firm and remuneration is paid to the Karta of HUF – whether allowable as…
Simultaneous deduction u/s 54F and 54B from capital gain arising on sale of eligible agricultural land – whether permissible?
Assessee is entitled to exemption under both sections 54B and 54F as they are not mutually exclusive and independent of…
Addition out of opening capital/ cash balance – whether permissible by alleging the same as unexplained?
Addition out of opening capital/ cash balance – whether permissible by alleging the same as unexplained? Let’s take an example:…
PROVISION FOR – leave encashment liability/ employee related payables or any other reasonably ascertainable liabilities – created by companies on the basis of AS-15/Acturial certificate etc.- whether allowable for tax purposes?
PROVISION FOR – leave encashment liability/ employee related payables or any other reasonably ascertainable liabilities – created by companies on…
Query – Corpus donations received by trust (not regd. u/s 12AA of the IT Act) – whether taxable?
Corpus donations received by trust (not regd. u/s 12AA of the IT Act) – whether taxable? As a general rule,…
Whether capital gain will arise on self generated asset??
Issue Whether capital gain will arise on self generated asset?? Provision Cost of acquisition: Section 55 of Income Tax Act…
Gift from non relative – Query?
Query – respected Sir, my daughter has turned 18 recently. on her birthday she has received gifts from non relatives…
land developer -Query?
Query? I have purchased a land from a land developer. I have paid 1/4 down payment of total amount from…
Query- CIB 403: Investment in Fixed Deposit or Time Deposit exceeding Rs.2 Lakh.
This is shiva from barshi. I got income tax notice CIB 403 time deposits exceeding 200000 i am farmer. My…
