Thin line between business and other sources
There is often a dispute on whether an income earned from a commercial asset would fall under the head business…
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Unwarranted additions- Need for Provision to Annex Computation of Income and Supporting Notes with ITR and Tax Audit Report ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Yesterday's 54F exemption is protected even in multiple ownership of residential properties ......Read More
Section 12A registration certificate is license to tax exemption for income receipts from non-members
The SC in CIT (Exemptions) v. IHC (2020) 424ITR325 following Delhi Gymkhana case ( 339ITR525) held that a registered society…
......Read MoreE-TDS Filing – CPC Processing – Problem Solving Module – Part II – Deductee
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......Read MoreWorking capital adjustment in Arm’s length price determination
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......Read MoreMAT – MAT calculations – Methodology of set off -Overlapping interpretations in the matter of adjustment of BF Losses/Depreciation – A Dichotomy
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......Read MorePermanent Establishment – Insights
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......Read MoreImposition of tax on undisclosed foreign income and asset stashed abroad- A journey that began in 2011
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......Read MorePractice Manual For Sec 195 Payments
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