Month: May 2018
790 articlesIncome Tax

Income Tax
Bogus Loan: No need to explain source of source prior to insertion of proviso to Sec. 68
Income Tax

Income Tax
Expense on Software cannot be capitalised mere because depreciation rate is spelt out in Schedule to Income-tax Act
Income Tax

Income Tax
Deduction U/s. 80HHC not available on Interest, rent and miscellaneous income
Income Tax

Income Tax
Section 50C: Sale value approved by Charity Commissioner had to be followed in case of Trust’s Sale Deed
Income Tax

Income Tax
Section 41(1) not applies if amount was not claimed in earlier year
Income Tax

Income Tax
Penalty cannot be deleted for mere admission of appeal in quantum proceedings
Income Tax

Income Tax
Interest on NPA of NBFC cannot be taxed for mere crossholding of debtor
Income Tax

Income Tax
Section 35AB applies to both capital expenditure and revenue expenditure
Income Tax

Income Tax
Interest received from debtors for late payment of sale proceeds eligible for Deduction U/s. 80-IC
Income Tax

Income Tax
