EXPECTATIONS FROM - BUDGET 2015 As most of us are aware, the present government has come to power on agenda of development and controlling black money. Hence, budget proposal is… Read More
CAPITAL GAINS - EXEMPTION U/S 54, IN CASE OF INVESTMENT IN RESIDENTIAL HOUSE (CONSTRUCTION) House constructed by builder on behalf of assessee has to be considered for granting sec. 54F… Read More
ONLINE FILE INCOME TAX RETURNS After the introduction of Online Filing Income tax returns by the income tax department, it becomes very easy and simple task to file income… Read More
HIGHLIGHTS – DIRECT TAX PROPOSALS OF UNION BUDGET UNION BUDGET 2020 FEATURES The review of the budget is divided into two main categories: (a) Direct Tax (b) Indirect Tax, with… Read More
NO REVISION BY CIT TO MAKE SEC. 68 ADDITION IF AO HAD OBTAINED CONFIRMATION OF PARTIES IN SUPPORT OF RECEIPTS/PAYMENTS Section 68, read with section 263, of the Income-tax… Read More
CAPITAL INTRODUCED BY PARTNERS IN THE FIRM COULDN'T BE DEEMED AS LOAN TO INVOKE PROVISIONS OF SEC. 269SS Section 269SS, read with section 271D, of the Income-tax Act, 1961 -… Read More
Budget Amendments on deduction of chapter VI-A Section 80C: All investments in ‘Sukanya Samridhi Scheme’ were already eligible for deduction under Section 80C. Now all the withdrawals and interest accrued… Read More
APPOINTMENT OF STATUTORY AUDITORS AND THEIR SERVICES UNDER THE COMPANIES ACT, 2013 Section 139, 141,142, and 144 of the Companies Act, 2013 and the Companies (Audit and Auditors ) Rules,… Read More
Basic Provision of Form 15CB & 15CA What is Form 15CB There are some provisions to make payments outside India, one of this compliance is the submission of Form 15CA… Read More
ALLOWABILITY OF SALARY TO PARTNER, IN CASE OF FIRM - BUSINESS EXPENDITURE No reassessment after 4 years alleging wrong allowance of exp. if assessee had disclosed all material facts Section… Read More