Mere hiring of vehicle without any risk associated with the carriage of goods not a contract liable to TDS u/s 194C(2)
Mere hiring of vehicle without any risk associated with the carriage of goods does not amount to car...
Assessment u/s 263 based on judgement delivered after the date of original assessment bad
Assessment in pursuance of order u/s 263 based on a judgement subsequent to the date of original ass...
Disallowance u/s 14A/Rule 8D upheld where major part of partners capital, bank and unsecured loans were stuck up in receivables
In a recent judgment, ITAT, Amritsar has upheld the disallowance u/s 14A read with Rule 8D where ma...
Cancellation of Charitable Trust Registration u/s 12AA for Bogus Donation Entries without evidence
In a recent order, ITAT Lucknow has quashed an order cancelling registration u/s 12AA of a charitabl...
House rent addition on notional basis u/s 23 for unrealised rent upheld when property was not vacant
In a recent judgment Chennai ITAT has upheld the addition made for notional house rent under the pro...
New options for saving capital gains tax
Until now , investors had only a few options to claim tax exemption on their capital gains. They cou...
Why interest rates have been cut and what you should do about it?
The Government has put the axe on interest rates earned from small savings schemes, such as PPF, NSC...
5-minute guide on choosing a tax-saving investment before 31 March
Before you begin reading this, you should first figure out how much money you need to invest to save...
Deduction claimed for a pay/wage revision is an ascertained liability not contingent
The deduction claimed for a pay/wage revision is an ascertained liability and cannot be termed as...
Reassessment proceedings cannot be resorted to only to examine the facts of a case
Reassessment proceedings cannot be resorted to only to examine the facts of a case, no matter how de...