TAX BY MANISH: Business Profit & Business Loss

Thursday, July 26, 2012

Business Profit & Business Loss

To click the article click here

http://taxbymanish.blogspot.in/2011/12/understanding-section-28-with-latest.html

No comments:

Delhi HC holds 10% pre-deposit requirement for penalty-only appeals inapplicable where SCN was issued before amendment

This Tax Alert summarizes a recent ruling of the Delhi High Court (HC) [1] on whether the newly introduced pre-deposit requirement for fi...

GST input credit on Motor vehicles.

ITC is blocked on motor vehicles having seating capacity ≤ 13 persons (including the driver) used for the transportation of persons. Furth...
TDS CPC – (Centralized Processing Cell) – New website launch

A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
HC holds penalty u/s 122(1A) of CGST Act can be levied on directors of the company

This Tax Alert summarizes a recent judgement of the Delhi High Court (HC)on imposition of penalty on directors of a company under the Ce...
Mumbai ITAT clarifies: Capital gains exemption under Section 54F cannot be restricted by intra-head capital loss adjustment

Recently, in a significant taxpayer-friendly ruling, the Hon’ble Mumbai ITAT, in the case of Nikesh Bhagwandas Mehta vs. ITO , has clarifi...
Understanding section 68, section 69, section 69A, section 69B and section 69C

Section 68 -Cash credits Section 69 -Unexplained investments Section 69A - Unexplained money, etc Section 69B -Amount of investme...
Whether expression 'wholly and exclusively' appearing in Sec 37 does not mean necessarily - YES: HC

THE issues before the Bench are - Whether when an expenditure is claimed to have been incurred by an assessee for promotion of his busine...
TDS Deduction on Mobile Tower Rent comes u/s. 194-I not u/s. 194C

Income Tax Department had clarify that the renting of mobile tower would attract lower TDS Deductions u/s. 194-I and not u/s...
Stamp duty on lease deed in Karnataka

LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
CBIC clarifies drawback and refund mechanism under customs where import duty is paid through duty credit scrips

This Tax Alert summarizes a recent Circular issued by the Central Board of Indirect Taxes and Customs (CBIC) clarifying the manner of gra...
HC upholds validity of GST notifications extending time limit for passing order for FY 2017-18

This Tax Alert summarizes a recent judgement of the Kerala High Court (HC) 1 upholding the validity of GST notifications 2 extending the t...