Day: October 3, 2023
Interest on Capital – Cost of Acqusition / Indexation
Whether interest paid on borrowed capital which has been claimed as deduction u/s.24 can be…
Can there be Set off of Losses etc Against Undisclosed Income
Section 79A has been inserted by the Finance Act, 2022 to clarify that no set…
Mandatory Nature of DIN in Notices, Orders etc
The CBDT has through Circular No.19 / 2019 dated 14.08.2019 made it compulsorythat on and…
Jurisdiction of the AO to be Questioned within Timelines u/s.124
The Supreme Court recently in the case of DCIT(E) v Kalinga Institute of IndustrialTechnology [2023]…
Exemption u/s 54F / 54 – on Reinvestment in the Name of Relatives
On sale of an asset and reinvestment where a claim is sought to be made…
Is Time Barring 31.03.2021 or 30.09.2021
We are for the present concerned with section 3(1) of the TOLA as also about…
Audit Objection as Basis for Reopening
Explanation (1) to section 148 talks of five circumstances in which for the purpose ofsection…
Breather for Charitable Institutions to Opt Out of Exemption
Section 115TD of the Act provides for accreted income of a trust being taxed, wherethe…
Cheque Received – Can it be Consideration for Computing
Section 45(5A) provides for the scheme by which capital gains arising to anindividual or HUF…