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Tag: jewellery

Income Tax

Whether TDS U/s 194Q applicable on Coal, Electricity, Motor Vehicle, Jewellery, immoveable property etc?

June 25, 2021 0 Comments
Whether TDS U/s 194Q applicable on Coal, Electricity, Motor Vehicle, Jewellery, immoveable property etc? The provision which requires TDS to be done on purchases is applicable on purchase of goods. It may be noted that term ‘goods’ is not defined ...
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IT Judgement

Reasonable jewellery according to the status of taxpayers cannot be seized.

jewellery
June 14, 2018 0 Comments
IT: Where Assessing Officer under section 69A made addition on account of jewellery find in search of assessee, since assessee belong to a wealthy family and jewellery was receive on occasions from relatives, excess jewellery was very much reasonable ...
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