#section 73
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500 articlesIncome Tax
Income Tax
Exp. to S. 73 would apply even when entire business consists of purchase & sale of shares
Income Tax
Income Tax
Loss from trading in Shares to Dr. Reddy held as speculative in view of Explanation to S. 73
Income Tax
Income Tax
Share loss to be first set-off to determine what Gross Total Income consists of under explanation to section 73
Income Tax
Income Tax
Allowability of Interest when Assessee has also advanced interest free loan to sister concern
Income Tax
Income Tax
Speculation loss can be set off against delivery based profits
Income Tax
Income Tax
Any company whose principal business is banking or granting of loans and advances will not be attracted by explanation to section 73 of the IT Act, 1961
Income Tax
Income Tax
Losses could not be ignored in determining the applicability of exception clause of Explanation to section 73
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
Excise Duty
Excise Duty
If ST 3 returns and CENVAT credit returns are filed, then department cannot ask for tax beyond 1 year
Income Tax
Income Tax
