#section 43
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184 articlesIncome Tax
Income Tax
Section 43A : Actual payment was not a condition precedent for making necessary adjustment in carrying cost of fixed asset acquired in foreign currency
Income Tax
Income Tax
Rate of depreciation applicable to bridges and flyovers constructed and owned by an infrastructure company
Income Tax
Income Tax
SB rules income from derivative trading in shares prior to financial year 2005-06 is speculation income
Income Tax
Income Tax
Derivative transactions prior to amendment in section 43(5) (effective from AY 2006-07) are speculative transaction
Income Tax
Income Tax
Burden to determine "actual cost" of assets in accordance with law is on Assessing officer
Income Tax
Income Tax
Allowability of Interest liability discharged by way of issuance of shares
Income Tax
Income Tax
Reopening under section 147 by the AO on the same set of facts, without there being any additional information, can only be considered as change of opinion
Income Tax
Income Tax
Loan ‘waiver’ does not fall into either of three terms subsidy / grant and reimbursement
Income Tax
Income Tax
The depreciation cannot be taken as ‘notionally allowed’, but only as ‘actually allowed’
Income Tax
Income Tax
Allowability of deduction U/s. 10B to company engaged in business of contract research and in providing of laboratory facility to its parent company in USA
Income Tax
Income Tax
In mercantile method of accounting allowability of expenditure depend on liability to pay
Income Tax
Income Tax
Derivatives in which underlying asset is shares, will fall within the meaning of ‘commodity’ used in Sec. 43(5) of the Act
Income Tax
Income Tax
If part of company business is deal in shares then all types of transactions, whether delivery based or non-delivery based, will be treated as speculative transactions
Income Tax
Income Tax
