Author: administrator

House Property Annual Value u/s 23(1). Whether flat ihabitable or not, a question of fact to be determined after appreciation of evidences

ITAT, Mumbai in a recent judgment has held that for determination of Annual Value of House property, u/s 23(1), whether the residential property (flat) was habitable or not was a question of fact that can be determined only after appreciation of evidences and remanded the case back to AO. Case Law Details: …

Availability of self owned interest free funds for disallowance u/s 36(1)(iii) can only be determined by examining the accounts

In a recent judgment, Amritsar has held that issue of availability of self owned interest free funds for making disallowance u/s 36(1)(iii) can only be determined by examining the accounts. Case Details: ITA No.66(Asr)/2016 Assessment year:2008-09   M/s. Sehdev Enterprises vs. Income Tax Officer Date of Order/Judgment: 21/04/2016 Brief Facts …

Online Upload of e-TDS/TCS statement(s) and AIR functionality will be discontinued from May 1, 2016 at TIN

NSDL Tax Information Network (TIN) Notice Online Upload of e-TDS/TCS statement(s) and AIR functionality will be discontinued from May 1, 2016 at TIN. The users who are desirous to file e-TDS/TCS statements/AIR are requested to visit our TIN-FC agents at https://www.tin-nsdl.com/tin-facilities.php. Alternatively, you can visit to e-filing website …

Chartered Accountant Job Opportunity-Executive Posts on contractual basis in SHABDARTH, Government of NCT of Delhi

SHABDARTH (The Advertising Agency of GNCT of Delhi) Directorate of Information & Publicity Block-IX, Old Secretariat, Delhi-110054 Shabdarth, an advertising agency of Government of NCT of Delhi. has invited applications for engagement of on contract basis as under:   ACCOUNT EXECUTIVE (02 POSTS): Educational Qualifications: Essential: Commerce Graduate. …

Exemption 10(23C)(iiiab)-Fee collection by Universities not Government funding because it is authorized under Act or fees rates fixed by Govt. Agencies-SC

Supreme Court in a latest judgment has held that Fees collection by Universities does not amount to Government funding for exemption u/s 10(23c)(iiiab) merely because such fees are authorized under the relevant Act or fees rates are fixed by Govt. authorised Agencies Case Law Details: Civil Appeal No. 4361-4366 of …

Know Name by giving PAN Number

To know the correct Permanent Account Number (PAN) of a deductee is of utmost importance for filing eTDS quarterly statement/returns for giving credit of tax deducted to the payee as per Form-26AS Statement. Apart from this, CBDT has vide notification dated 95/2015 dated 31/12/2015 has notified Rule 114B for quoting a …