Covid care – both a medical emergency and an obligation
In [2011] 10 ITR (Trib) 201 the AO denied the benefit of section 11 to the assessee-trust only because the…
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Opportunity or adequate opportunity —- the unsolved question!! ......Read More
Yesterday's Gross breach of natural justice ......Read More
Yesterday's Gross breach of natural justice ......Read More
Contingent benefit to employees
Section 15 broadly describes what chargeable salary is and more particularly refer to all sums due and payable/paid or allowed…
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In the case of CIT v. J.V. Gupta & Soons(HUF) (109TAX49) the assessing officer assessed amount received as salary…
......Read MoreScholarships are not taxable
In CIT v. Sir Kameshwar Singh [1935] 3 ITR 305 (PC) the assessee, who carried on an extensive money-lending business,…
......Read MoreCredit Card and Club Subscriptions – Case of Real Anomaly
In the explanatory Circular No. 15/2001 dated 12.12.2001issued by the Central Board of Direct Taxes it is explained that credit…
......Read MoreRelief u/s 89- VRS Payments
Under section 89 an employee can claim relief from tax for any arrears or advance of salary meaning thereby that…
......Read MoreSuperannuation Fund Contributions (SAF)- Not Taxable for Period Upto 01.04.1995
SAF contributions are subject to exemption u/s 10(13) on the satisfaction of certain conditions such as receipt of such sums…
......Read MoreInterest Free/Concessional Loan
On March 23, 1995, the Central Board of Direct Taxes (for short the “C. B. D. T.”), informed the Chief…
......Read MoreGifts to employees
In the new rules it is provided that gifts in kind to employees would not be taxed upto an aggregate…
......Read MoreCredit Card and Club payments
Realizing the fact that such payments are often made in the course of entertainment of costumers, clients or constituents the…
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