Loss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction
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Loss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction…
forfeiture and income tax
Recent Posts
- Union Budget – 2024: Rationalisation of Tax Deducted at Source rates
- GST proceedings cannot initiate against a non-existent Company: Karnataka HC
- Abolition of Angel Tax in the Budget:
- TDS on Remuneration to the Partner: Government must understand that the Power to Tax includes Power to Destroy
- Top 100 Highlights of Budget 2024 by Nirmala Sitharaman
- Key Budget Highlights: India Fiscal Year 2025
- Finance (No.2) Bill, 2024 & changes related to GST Law
- Goods cannot be detained for non-generation of e-invoice if there was no intention to evade tax payment: Allahabad HC
- Income Tax Proposal in Union Budget – 2024
- Overview of Direct Tax Proposal in Union Budget – 2024
