#section 56
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811 articlesIncome Tax

Income Tax
Angel Tax Exemption a Step in the Right Direction for Indian Start-ups?
Income Tax

Income Tax
Discounted Cash Flow method for valuation of share is recognized method of valuation
Goods and Services Tax

Goods and Services Tax
Provisions of section 56 of CGST Act mandates payment of interest in case of delayed refund
Income Tax

Income Tax
Section 56(2)(vii)(b) Inapplicable to Purchasers if transfer takes place prior to accounting year 2014-15
Corporate Law

Corporate Law
Property tax rate duly applied as non-use or close condition of property was never in knowledge of Corporation
Income Tax

Income Tax
Internet expenses not deductible against interest income due to lack of nexus
Income Tax

Income Tax
Gift from aunt shown as credits to capital account cannot be added as unexplained credits
Income Tax

Income Tax
Transfer of Renewable Energy Certificate is capital and not taxable as business income
Income Tax

Income Tax
Interest by reference court u/s 28 of Land Acquisition Act is not chargeable to tax
Income Tax

Income Tax
Addition u/s 68 towards unexplained cash credit unsustainable as cash sales already reflected in P&L
Income Tax

Income Tax
ITAT Sanctions Interest Expense despite Higher Payment for Earning Income
Income Tax

Income Tax
Provisions of section 56(2)(x) are prospectively applicable only from 01.04.2017
Income Tax

Income Tax
Exemption u/s 10AA available to interest received on temporary Fixed Deposits
Income Tax

Income Tax
