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Once TDS is deducted credit of the same is allowed irrespective of the year to which it relates
Income Tax
CA Ayushi GoyalMay 31, 2022

Once TDS is deducted credit of the same is allowed irrespective of the year to which it relates

CBDT authorises ‘ACIT/DCIT (IT), Circle-1(1)(1), Delhi’ as ‘Prescribed Authority’ for issuing Section 143(2) notice
Income Tax
ReetuMay 31, 2022

CBDT authorises ‘ACIT/DCIT (IT), Circle-1(1)(1), Delhi’ as ‘Prescribed Authority’ for issuing Section 143(2) notice

Deduction u/s 10B allowed before setting off of brought forward business loss and unabsorbed depreciation
Income Tax
CA Ayushi GoyalMay 30, 2022

Deduction u/s 10B allowed before setting off of brought forward business loss and unabsorbed depreciation

Disallowance of Salary and EB Charges on ad hoc basis not maintainable
Income Tax
CA Ayushi GoyalMay 30, 2022

Disallowance of Salary and EB Charges on ad hoc basis not maintainable

13 lockers worth Rs.5 crore discovered by Income Tax Department in ongoing Search
Income Tax
ReetuMay 30, 2022

13 lockers worth Rs.5 crore discovered by Income Tax Department in ongoing Search

Expenditure incurred to discharge mortgage debt created by previous owner would be treated as cost of acquisition
Income Tax
CA Ayushi GoyalMay 29, 2022

Expenditure incurred to discharge mortgage debt created by previous owner would be treated as cost of acquisition

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