Budget 2017: Restriction on set-off of loss from House property to be done away with

Budget 2017: Restriction on set-off of loss from House property to be done away with Budget 2017: Restriction on set-off of loss from House property to be done away with

Presumptive Income under Income Tax Act, 1961

Presumptive Income under Income Tax Act, 1961 Presumptive Income under Income Tax Act, 1961 is the concept introduced by the Income Tax Department under the Presumptive Taxation Scheme so as

How to Compute Interest Payable Under Section 234abc

If you want to calculate the Interest payable under Section 234abc then please download the excel file. To Download the excel file Click Here.This File has been shared by Rohit

Share issue exp. remains a capital expenditure even if SEBI disapproves of issue of shares; no sec. 37(1) allowance

Share issue expenses cannot be allowed as revenue expenditure even when shares could not be issued due to non-approval by SEBI In the instant case the assessee incurred expenditure for

Section 44AA PERSONS REQUIRED TO MAINTAIN BOOKS OF ACCOUNTS

Section 44AA PERSONS REQUIRED TO MAINTAIN BOOKS OF ACCOUNTS Section 44aa of income tax act: Maintenance of accounts by certain persons carrying on profession or Business 44aa(1) Every person carrying on

Section 44AD of Income Tax Act | Presumptive Taxation

Section 44AD of Income Tax Act | Presumptive Taxation : To give relief to small assessees, the Income-tax Law has incorporated a simple scheme commonly known as Presumptive Taxation Scheme.

Depreciation on Goodwill

Kerala High Court in the case of B. Raveendran Pillai (supra) and the Delhi High Court in the case of. Hindustan Coco Cola Beverages (P.) Ltd. (supra) have held that assessee

Section 40(b)

  Amounts not deductible – Partnership – Remuneration to Partners – CBDT Circular, which specifies that for section 40(b)(v), the partnership deed should specify the remuneration, is invalid. Ø Section 40(b)(v)