Income Tax : Tax planning while setting up of a business with reference to location (2021-2022 A.Y, A.Y 2022-2023 , A.Y 2023-2024 and A.Y 202...
Income Tax : Real estate sector is one of the most globally recognized sectors. It comprises of four sub sectors – housing, retail, hospi...
Income Tax : CA Manikanta PSLS Deduction under 80 IBA updated with Finance Act, 2021 (Affordable housing project Profits deduction under Income...
Income Tax : It is proposed to insert sub-section (1A) in the said section so as to provide for hundred per cent. deductions of the profits and...
Income Tax : After section 80-IB of the Income-tax Act, section 80-IBA shall be inserted with effect from the 1st day of April, 2017. The secti...
Income Tax : While presenting interim Budget 2019-20 For making more homes available under affordable housing, the benefits under Section 80-...
Income Tax : The Tribunal held that a short delay caused by hospitalisation must be condoned when supported by evidence. Procedural lapses cann...
Income Tax : Mumbai ITAT sets aside PCIT's revisionary order against Johar Hasan Zojwalla, ruling that jurisdiction was wrongly assumed due to ...
Income Tax : Bombay High Court sets aside PCIT order condoning a developer 45-day delay in filing tax returns. Cites genuine hardship and a pr...
Income Tax : Mumbai ITAT's ruling on Colorplus Realty Limited vs. Dy. CIT case regarding deduction u/s 80IB for compensation received from insu...
Income Tax : ITAT Mumbai held that initiation of revisionary proceedings u/s 263 of the Income Tax Act justified as assessment order was passed...
The Tribunal held that a short delay caused by hospitalisation must be condoned when supported by evidence. Procedural lapses cannot defeat substantive justice.
Mumbai ITAT sets aside PCIT’s revisionary order against Johar Hasan Zojwalla, ruling that jurisdiction was wrongly assumed due to a factual error in the assessment year.
Bombay High Court sets aside PCIT order condoning a developer 45-day delay in filing tax returns. Cites genuine hardship and a prior ruling.
Section 80-IBA for 100% housing project deductions, including key amendments, conditions, and relevant judicial rulings. Effective from April 1, 2017.
Mumbai ITAT’s ruling on Colorplus Realty Limited vs. Dy. CIT case regarding deduction u/s 80IB for compensation received from insurance company for destroyed goods before sale.
ITAT Mumbai held that initiation of revisionary proceedings u/s 263 of the Income Tax Act justified as assessment order was passed by AO without proper inquiry and verification with regard to claim of deduction u/s. 80IA(4).
Tax planning while setting up of a business with reference to location (2021-2022 A.Y, A.Y 2022-2023 , A.Y 2023-2024 and A.Y 2024-2025)
Real estate sector is one of the most globally recognized sectors. It comprises of four sub sectors – housing, retail, hospitality, and commercial. Corporate environment and the demand for office space are few of the factors for the growth. This growth in the sector plays a substantial role in the increased prices of the lands […]
CA Manikanta PSLS Deduction under 80 IBA updated with Finance Act, 2021 (Affordable housing project Profits deduction under Income Tax Act, 1961) Introduction:- The real estate sector plays a important role in fulfilling the need and demand for housing and infrastructure in the country. The growth of this sector is well complemented by the growth […]
It is proposed to insert sub-section (1A) in the said section so as to provide for hundred per cent. deductions of the profits and gains derived from the business of developing and building affordable rental housing project.
