Income Tax in India
Overview: Income tax is that percentage of your income that you pay to the government to fund infras...
How to Save Tax with Federal Bank
Individuals can save a considerable amount of money on tax by investing it in the right places. The ...
How startups can generate Form 16
The myth: Startups don’t have to generate Form 16 for salaries where TDS is not deducted. The fact...
Deduction 80IC-Manufacturing Plastic Pet Bottles, Jars not negative list item in 13th Schedule
Deduction u/s 80IC available for manufacturing of PET bottles, Caps, jars etc. which are not plasti...
Peak Negative Cash Balance Addition u/s 69C without giving benefit of capitalisation of sums disclosed in earlier assessment years deleted
Unexplained expendiure addition u/s 69C made for peak negative cash balance without giving benefit o...
CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad
INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH ‘A’, KOLKATA ITA No. 766/Kol/2013 : Asstt. Year : 20...
Allowability of interest as cost of acquisition of capital asset u/s 48(ii) is highly debatable, not open for revision u/s 263 by CIT
The issue relating to the allowability of interest as the part of cost of acquisition of the capital...
Deduction 33AB first allowed from composite income before apportionment under Rule 8(1) between agricultural non-agricultural
The deduction u/s 33AB of the Income Tax Act, 1961 shall be allowed from the total composite income...
While reversing order of CIT(A), Tribunal duty bound to examine and discuss reasons given
While reversing the order of the CIT(A) the Tribunal is duty bound to examine and discuss the reason...
Disallowance 14A Rule 8D3-Computation of total Assets include current liabilities also
ITAT Delhi in a recent judgment has remanded the case to the Assessing Officer noticing that the AO ...