In this case assessee having got 15 flats along with his two sons will not disentitle him from getting the benefit U/s. 54F of IT Act only on ground that all the 15 flats are not in the same Block, particularly in the light of admitted factual position that all the 15 flats are located at same address.
Right from the beginning there have been emphasis on the changing and incorporating the suitable provisions in respect of Income Tax Return (ITRs) forms. Going are the days for the manual filling and filing of the ITRs. There is continuous emphasis on the e-filing of the ITRs.
Services provided by an educational institution (as defined) to its students, faculty and staff are exempt under clause (a) of Notification Number ST-25/2012 dated 20/06/2012.
Krishna, In India, the colourful festival of holi is celebrated with lots of joy and excitement. Children are waiting for this festival eagerly. So is the finance world waiting for GST. Let’s discuss about these beautiful and knowledgeable topic GST and Holi .
We have received a copy of Draft State Goods and Services Tax Bill, 2017 on Social Media which is a Tentative Draft dated 28.02.2017. Source of Draft bill is unknown and seems to be leaked by someone who is associated with preparation / Finalization of Bill. We have uploaded the same on our website for […]
Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits made by them during the demonetization period
Notification No. 10/2017-Service Tax has been issued by Government so as to withdraw exemptions granted earlier to few specific Services provided to an Education Institutions.
Section 2(42A) – Reduction in holding period in case of immovable property, being land or building or both, to qualify as long term capital asset – Consequential amendments to be made in sections 54, 54B, 54D and 54F
Are you aware that I advised Mr. Narender Modi not to set you up as a candidate from the Amritsar seat? Can you assign any serious reason for which Mr. Bishan Singh Bedi made a complaint against you with the Prime Minister?
Provided that nothing contained in clause (b) of this entry shall apply to an educational institution other than an institution providing services by way of pre-school education and education up to higher secondary school or equivalent
