Income Tax : 1. Can the assessee treat shares held in subsidiary company, which is ordered to be wound up, as trading loss? 2. Whether the amo...
Income Tax : Where the regular Income Tax payable for a Previous Year by a person (other than a company) is less than the Alternate Minimum Tax...
Custom Duty : My this article particularly talks about what is the procedure and mechanism for assessing the value of the duty and what is the r...
Finance : Nowadays the very question arises is of the social networking sites and the news and the knowledge shared by them is the fastest a...
Income Tax : Whether the Tribunal was right in confirming the penalty under section 271(1)(c) in respect of the inflation of purchase which was...
Income Tax : The High Court held that the assessee was bound to get its accounts audited under section 64 of the Kerala Co-operative Societies ...
Income Tax : The petitioner was a firm of auditors. During the course of search and seizure operations conducted against EMAAR, the laptop comp...
Income Tax : In connection with search and seizure operations against the R group of companies, the Commissioner of Income-tax after hearing th...
There is a prevailing practice of a businessman taking loan of stock from another businessman and returning the same. Since he may have to pay for replacement at a higher price for return of loan of stock, can a provision made for the extra cost be deductible?
1. How is income to be computed, if a property is partly let out and partly self-occupied? Answer. It has to be treated as two residential units and income from each unit has to be computed according to law by allocating common outgoings on a basis proportionate to area of occupation.
Why is tax planning necessary ? The tax paid is an addition to the cost. Just as every businessman tries to maximise his profit by reducing the cost, he should also arrange his affairs in such a way, that he pays the least amount of tax.
1. Whether the Tribunal was right in negating the assessee’s claim for accumulation of unspent income? 2. Whether repayment of borrowed funds utilised for construction of commercial complex augmenting income of trust and amounts to application of income for charitable purpose eligible for exemption under section 11?
Some Important Case Laws From INCOME FROM SALARIES :- 1. Whether the amount received by the employee on cessation of employment with his Employer will be exempted from tax under section 17(3)(i) of the Income-tax Act?
In connection with search and seizure operations against the R group of companies, the Commissioner of Income-tax after hearing the assessees passed a reasoned order directing transfer of the cases of the assessees from the Income-tax Officers at Kolkata to Patna.
