he factum of issuance of notice within time is to be proved on query by the authority whose jurisdiction is challenged for want of The aggrieved party cannot be asked to lead negative evidence in support of its claim.
Last Date : Feb 13, 2017 Application for Empanelment of Information System(IS) Auditors with Oriental Bank of Commerce Terms & Conditions for empanelment as Information Systems(IS) Auditor a) Eligibility Creiteria The eligibility criteria shall be as under:- • The Firm/Company should be a Proprietorship/Partnership firm/Company of Chartered Accountants. • The Firm/Company must be in existence for […]
AO declined assessee’s claim of deduction on the plea that the profit claimed as deduction u/s 80-IB(10) of the Act was not derived from the housing project but from sale of unutilized FSI.
In our last article, we discussed the various provisions relating to Input tax credit under Draft Model GST law. We had also discussed that there will be more transparency in the system with respect to taxes paid and credit thereon to the recipient. Here we will understand how the mechanism of input tax credit will […]
We present our understanding with respect to claim and adjustment of Input tax credit under GST regime. As per our understanding there are many changes in respect of availment and utilization of Input Tax Credit under GST regime as compared to present laws. The changes require immediate attention of the tax payers. We have tried […]
Last Date : Feb 13, 2017 Application for Empanelment of Forensic Auditors with Oriental Bank of Commerce Terms & Conditions for empanelment of Forensic Auditors a) Eligibility Criteria The eligibility criteria shall be as under:‑ Firm/Company must be in existent for at least 10 years. Firm/Company must have 5 FCA with one of them DISA(Diploma […]
Under the existing provisions of the section 10AA, deduction is allowed from the total income of an assessee, in respect of profits and gains from his Unit operating in SEZ, subject to fulfilment of certain conditions.
Under the existing provisions of Section 90 of the Act, power has been conferred upon the Central Government to enter into agreement with the Government of any country outside India for granting relief in respect of income on which income-tax has been paid both under the said Act and income-tax Act in that foreign country
Section 80CCD provides that employee or other individuals shall be allowed a deduction for amount deposited in National Pension System trusts (NPS). The deduction under section 80CCD (1) cannot exceed 10% of salary in case of an employee or 10% of gross total income in case of other individuals.
Existing provisions of Section 35AD of the Act, inter alia provides for investment linked deduction on amount of capital expenditure incurred, wholly or exclusively, the purposes of business, during the previous year for a specified business excluding capital expenditure incurred for acquisition of any land or goodwill or financial instrument.
