Wednesday, August 5, 2020

Income Tax

An income tax is a tax imposed on individuals, entities (taxpayers). That varies with their respective income, profits (taxable income). Many jurisdictions refer to income tax on business entities as companies ,corporate tax. Partnerships generally are not taxed rather, the partners are taxed on their share of partnership items. Tax may be imposed by both a country and subdivisions. Most jurisdictions exempt locally organized charitable organizations from tax.

Income Tax Article

All About Provision For Bad And Doubtful Debts In Respect Of Rural Advances Of Certain Banks: Section 36(1)(viia)

All About Provision For Bad And Doubtful Debts In Respect Of Rural Advances Of Certain...

How to prepare GOA – SOF for Appeal to ITAT

How to prepare GOA – SOF for Appeal to ITAT   Introduction An appeal is generally filed with...

Amount withdrawn by legal heir from the Capital Gain Deposit Accounts Scheme-1988 (CGDAS) of the deceased is Tax Free

Amount withdrawn by legal heir from the Capital Gain Deposit Accounts Scheme-1988 (CGDAS) of the...

Final view of Supreme on section 40(a)(ia): (a) Disallowance correct even if there is nothing “payable”. (b) Amendment by FA-2010 is not retrospective in...

Final view of Supreme on section 40(a)(ia): (a) Disallowance correct even if there is nothing...

Word “family” connotes a group of people-a single person, male or female, cannot not constitute a family.

Word "family" connotes a group of people-a single person, male or female, cannot not constitute...

Tax has to be levied on the right person, irrespective of benefit to Revenue: Supreme Court

Tax has to be levied on the right person, irrespective of benefit to Revenue: Supreme...

Supreme Court observation in Commissioner Of Income Tax Vs. Calcutta Export Company

Supreme Court observation in Commissioner Of Income Tax Vs. Calcutta Export Company The key observation by Hon'ble...

Even Belated return can be Revised. Revised Returns can also be Revised further

Even Belated return can be Revised. Revised Returns can also be Revised further   Tax laws are...

Sale of Flat Received under Joint Development Agreement& Capital Gain Taxation

Sale of Flat Received under Joint Development Agreement& Capital Gain Taxation I have a query regarding...

Validity of Adhoc disallowance of expenses on ground that decrease in sales amounts to decrease in expenses

Validity of Adhoc disallowance of expenses on ground that decrease in sales amounts to decrease...

Capital gains vs Slump sale under section 50B in case of transfer under Scheme of Arrangement

Capital gains vs Slump sale under section 50B in case of transfer under Scheme of...

Year of Taxability of Capital gain if payment of entire consideration received earlier and possession handed over later

Year of Taxability of Capital gain if payment of entire consideration received earlier and possession...

Get Ready: Now, Bank & financial Institutions will also take Form No. 26AS along with Income Tax Returns to carry out due diligence

Get Ready: Now, Bank & financial Institutions will also take Form No. 26AS along with...

Due Date of filing Statement of Financial Transactions: Form No. 61A

Due Date of filing Statement of Financial Transactions: Form No. 61A The dates of various compliances...

Relief to the Business by Gujarat High Court:Refunds on account of inverted duty structure under GST allowed

Relief to the Business by Gujarat High Court:Refunds on account of inverted duty structure under...
7,000.00
10,500.00
7,000.00
6,000.00
6,000.00
6,000.00
10,500.00
6,000.00
6,000.00
7,000.00
2,400.00
7,000.00
3,400.00
2,400.00
7,000.00
3,400.00