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Expenditure on Software where biling is done on basis of actual use is a revenue expense
Income Tax
ReetuJul 9, 2020

Expenditure on Software where biling is done on basis of actual use is a revenue expense

Sec 14A -  Disallowance made cannot exceed the exempt income
Income Tax
ReetuJul 9, 2020

Sec 14A - Disallowance made cannot exceed the exempt income

Sec 159 - Legal heir can be assessed w.r.t. inherited assets in case of death of Taxpayer
Income Tax
ReetuJul 9, 2020

Sec 159 - Legal heir can be assessed w.r.t. inherited assets in case of death of Taxpayer

Harmonised Master List of Infrastructure Sub-sectors for the purposes of section 10(23FE) of Income-tax Act 1961
Income Tax
ReetuJul 8, 2020

Harmonised Master List of Infrastructure Sub-sectors for the purposes of section 10(23FE) of Income-tax Act 1961

ITR 2 Excel utility has been updated for calculations of 234B, 234C and 234A
Income Tax
ReetuJul 8, 2020

ITR 2 Excel utility has been updated for calculations of 234B, 234C and 234A

Rent Income taxable as Business Income if main intention of immovable property was of commercial activities
Income Tax
ReetuJul 7, 2020

Rent Income taxable as Business Income if main intention of immovable property was of commercial activities

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