Interest on loan for declaring dividend allowable deduction u/s 36(1)(iii) even in absence of profits/reserves and the treatment of such…
Subsidies received by Industrial Undertaking eligible deductions us 80-IB 80-IC if towards reimbursement of transport power and Interest cost. CIRCULAR…
No Penalty 271(1)(c) if primary information is furnished with ITR as held by Supreme Court in the case of Reliance…
Unlimited cash withdrawal of new notes deposited in bank allowed on or after November 29 2016 for active circulation of…
Functioning of Stock Exchanges-Clearing Corporations in IFSC-SEBI Circular defining broad framework for functioning in International Financial Services Centre Securities &…
No 200 percent Penalty if income declared us 115BBE and 75% of tax and surcharge is paid before the end…
PMGKY Yojana 2016 Income tax Disclosure-Immunity Scheme with 50 % tax and lock in of 25% income. New penalty provisions…
Business income or STCG-Frequency-repetition of sale purchase not conclusive. Factors like main business / profession of assessee, intention while purchasing…
Non-acceptance of IDS-2016 challan ITNS-286 by banks stating that Scheme has closed on 30.09.2016. CBDT lodges grievance of declarants with…
Depreciation claim disallowed-defective machine not ready to use. Legal ownership not a must but the machine if not used, should…