Daily Archive: Sunday, August 20, 2017

CPC-advisory for 26AS Tax Credits for TDS on Sale of Immovable Property u/s 194IA

Author: | Categories: Income Tax No comments
CPC-advisory for 26AS Tax Credits for TDS on Sale of Immovable Property u/s 194IA (26QB Statement)-Avail Benefit of CPC(TDS) Analytics for Correction of PANs. Avail the Benefit of CPC(TDS) Analytics for Correction of PANs in your TDS Statements. CPC (TDS) Advisory for Tax Credits in 26AS with respect to

 

Second Time Correction in 26QB Form is now available for Taxpayers on TRACES

Author: | Categories: Income Tax 1 Comment
Second Time Correction on critical fields in 26QB Form is now available for Taxpayers on TRACES with respect to tax deducted at source on transfer of Immovable Property exceeding Rs. 50 Lakhs under section 194IA of the Income Tax Act, 1961. Important information on 26QB Correction • Buyers registered

 

Carried forward depreciation set off with short term capital gain u/s 50 is allowed – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Carried forward depreciation set off with short term capital gain u/s 50 is allowed in view of the amended provisions of Section 32(2) wef 01-04-2002- ITAT ABCAUS Case Law Citation: ABCAUS 2035 (2017) (08) ITAT Assessment Year :  2012-13 Important Case Laws Cited/relied upon by the parties: M/s. Nandi

 

Advances converted into reserves not cessation of liability u/s 41(1). Pre-conditions / Tests to be applied

Author: | Categories: High Courts, Income Tax, Judgments No comments
Advances converted into reserves not cessation of liability u/s 41(1). Pre-conditions / Tests to be applied for applicability of the deeming provisions as laid by Supreme Court ABCAUS Case Law Citation: ABCAUS 2034 (2017) (08) HC Assessment Year :  2000-01 Important Case Laws Cited/relied upon by the parties: Commissioner