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