The assessee shall not be called upon to pay the tax himself to the extent to which tax has been deducted from that income. Section 205 of the Income Tax act, 1961 which is as under:- “Where tax is deductible…
Read more
The assessee; Deduction u/s 80HHC — Reduction of profits and gains owing to deduction granted u/s 80IB — Allowability — Whether CIT(A) was justified interpreting the provisions of s 80-IB so as to reduce the profits and gains while working out…
Read more
QUESTION AND ANSWERS ON S. 194I Q.1. who is liable to deduct TDS on Rent? A.1. Any person, other than an individual or a HUF, is responsible for paying to resident in India, any income by way of the rent, amounting in aggregate to…
Read more
Assistant Commissioner of Income Tax v Ravi Hansraj Gouthi (HUF), 25 April 2014 In favour of: The assessee; Penalty u/s 140A(3) — Failure to pay self-assessment tax — Assessee-firm filed a return of income for AY 2006–2007 declaring income — It was…
Read more
Hotelier to furnish details of booking All luxuries provided by hoteliers in a marriage hall other than opted for payment in lump sum in lieu of tax has to furnish online to the web site of the commercial tax department…
Read more
Output is what was the input. Civil engineers designs house or office or any projects and mechanical engineers provides comfort through technology. Other experts makes things more perfect. Husband and wife or say family makes it home. Managers makes that…
Read more
Najar ko badlo nazare badal jayenge This story is real but the name has been changed to keep privacy. One very morning a call came one of my friend Sunil that he is sending a man who needs badly a…
Read more
Friend a very useful case law when notice under Section 143(2) was either not served upon the assessee or was not served upon the assessee within the prescribed period of limitation provided u/s 143(2) of the Act then the assessment…
Read more
