Manager

Assets installed in a discontinued business are too eligible for depreciation 4 min read

• Income Tax

Assets installed in a discontinued business are too eligible for depreciation

Manager 10 years ago

The Hon’ble Bombay High Court in the case of Commissioner of Income Tax¬ (Appellant) vs. Sonic Biochem Extractions Pvt. Ltd. (respondent) being ITA No. 2088... Read More

Deductions on account of expenses on medical treatment under Section 80DDB 2 min read

• Income Tax

Deductions on account of expenses on medical treatment under Section 80DDB

Manager 10 years ago

One can avail deduction for expenses on account of medical treatment of himself or any of his dependents in case of some specified diseases like... Read More

Set off of unabsorbed depreciation 1 min read

• Income Tax

Set off of unabsorbed depreciation

Manager 10 years ago

Set off of unabsorbed depreciation    ... Read More

Advantages of Limited Liability Partnership over Partners 2 min read

• Income Tax

Advantages of Limited Liability Partnership over Partners

Manager 10 years ago

Advantages of Limited Liability Partnership over Partners Limited Liability Partnership, abbreviated as LLP, is a kind of business organization. It has become very common now-a-days... Read More

Assigning serial numbers to applications filed u/s 154 of the Act and disposal thereof as per directions of the Hon’ble Delhi High Court and as per Instructions of CBDT 1 min read

• Income Tax

Assigning serial numbers to applications filed u/s 154 of the Act and disposal thereof as per directions of the Hon’ble Delhi High Court and as per Instructions of CBDT

Manager 10 years ago

Mr V P GUPTA, ADVOCATE WHO REPRESENTED THE HISTORICAL REFUND CASE IN DELHI HIGH COURT HAS PREPARED THE DRAFT LETTER AND REQUEST ALL ASSOCIATIONS and... Read More

All about capital gains tax 4 min read

• Income Tax

All about capital gains tax

Manager 10 years ago

There are many assets such as real estate, gold, silver, etc. in which one invests. The gains from these investments are called capital gains. These... Read More

Blank cheques found during a search cannot be treated as unexplained investments 5 min read

• Income Tax

Blank cheques found during a search cannot be treated as unexplained investments

Manager 10 years ago

The ITAT, Hyderabad in the case of Sri Laxmi Narayan Agarwal (PAN: ACDPA7791B) vs. Asst. Commissioner of Income Tax, Circle-6(1), Hyderabad, I.T.A. No. 1392/HYD/2010 by... Read More

The grievances of the petitioner expressed in a letter is nothing but an appeal under Rule 86 of Second Schedule to the Income Tax Act 3 min read

• Income Tax

The grievances of the petitioner expressed in a letter is nothing but an appeal under Rule 86 of Second Schedule to the Income Tax Act

Manager 10 years ago

The Bombay High Court in the case of Vinod K. Bhagat vs. Tax Recovery Officer and Others, 2015 (3) TMI 105, held that the grievances... Read More

Taxability of income from shares 3 min read

• Income Tax

Taxability of income from shares

Manager 10 years ago

Many people have an idea that the income received from shares is exempt from income tax. But in reality it is not so. One should... Read More

Deduction under Section 43B of the Income Tax Act 2 min read

• Income Tax

Deduction under Section 43B of the Income Tax Act

Manager 10 years ago

A deduction which is otherwise allowed as per the provisions of the Income Tax Act regarding — a)   Any amount which is payable by... Read More