Income Tax : Understand agricultural income rules under Section 2(1A) and Rule 7. Learn about income eligibility, deductions, and tax treatment...
Income Tax : ITAT Bangalore held that disallowance of agricultural expenses based on estimation is unsustainable without concrete evidence, rul...
Goods and Services Tax : Article titled Taxability of services associated with Agricultural Produce under GST Law taking into account notifications, advanc...
Income Tax : Explore how land acquisition for development projects like road widening impacts taxation for rural landowners under the Income Ta...
Income Tax : Explore the intricacies of composite income in companies, its calculation, and tax implications under Rules 7, 7A, 7B, and 8 of th...
Income Tax : Notice under section 148 was issued upon assessee by AO for reassessing the cash deposit as undisclosed income, following approval...
Income Tax : ITAT Delhi rules Section 56(2)(x) can't be invoked for agricultural land purchases, providing relief to taxpayers in similar situa...
Income Tax : Read the detailed analysis of Chaudhari Nanubhai Jeshingbhai (HUF) Vs DCIT case where the ITAT Ahmedabad ruled on reducing agricul...
Income Tax : Read the full text of the judgment/order by the Kerala High Court in the case of Mini Muthoottu Credit India Vs CIT. Learn about t...
Income Tax : Dhirajlal Savailal Shah Vs ITO (ITAT Ahmedabad) If the receipt is not liable to tax in the hands of the recipient for any reason, ...
Understand agricultural income rules under Section 2(1A) and Rule 7. Learn about income eligibility, deductions, and tax treatment for different agricultural products.
ITAT Bangalore held that disallowance of agricultural expenses based on estimation is unsustainable without concrete evidence, ruling in favor of A.S. Srinath (HUF).
Notice under section 148 was issued upon assessee by AO for reassessing the cash deposit as undisclosed income, following approval from the Joint Commissioner of Income Tax (JCIT).
ITAT Delhi rules Section 56(2)(x) can’t be invoked for agricultural land purchases, providing relief to taxpayers in similar situations.
Read the detailed analysis of Chaudhari Nanubhai Jeshingbhai (HUF) Vs DCIT case where the ITAT Ahmedabad ruled on reducing agricultural income based on expenditure claimed by the assessee.
Read the full text of the judgment/order by the Kerala High Court in the case of Mini Muthoottu Credit India Vs CIT. Learn about the court’s ruling on the deductibility of interest on loans for purchasing agricultural land.
Article titled Taxability of services associated with Agricultural Produce under GST Law taking into account notifications, advance rulings, and court orders concerning the same.
Dhirajlal Savailal Shah Vs ITO (ITAT Ahmedabad) If the receipt is not liable to tax in the hands of the recipient for any reason, the same cannot be a ground for not granting credit for TDS.
Learn from the Bombay High Court’s judgment why actual agricultural activity isn’t crucial in determining land as agricultural, impacting tax liabilities.
Sold agricultural land? Re-invest the proceeds in new land within 2 years to claim tax exemption under Section 54B. Even if the new land is registered in your son’s name, you may still qualify. Learn the details and avoid common mistakes with this informative guide.
