Rule 86A could be said to be ultra vires, Article 300A of Constitution of India, ‘No person shall be deprived of his property save by the authority of law’. Input tax credit would be treated as a property of the taxpayer.
SPECIAL PROVISIONS FOR COMPUTATION OF CAPITAL GAINS IN CASE OF JOINT DEVELOPMENT AGREEMENT [Section 45(5A)] Sub-section (5A) was inserted in section 45 with effect from 01.04.2018, i.e., from the assessment year 2018-19. According to section 45(5A), where the capital gain arises to an assessee, being an individual or a Hindu undivided family, from the transfer […]
My last article covered how investment through sip for people of different age group is more fruitful rather than investing in the old means of investment & earing better return from F.D./ Post office savings etc. SIP FOR PROFESSIONALS STEPS As salaried person enjoys a fixed amount of monthly pay-out it is not the same […]
