Income Tax

Blogs under category: Income Tax

	id	Subject	Body	Date	AuthorName	BlogImage	SEOImage	BodyText	Keywords	Description	cnt	cat	VisitorCount	Pagename
Page 1 of 25  Item 1 to 10 of 246
Valuation under sub-section (9D) of section 132. CA. (Dr) VINAY MITTAL Text of Rules 13A of Income Tax Rules, 1962 13A. Valuation under sub-section (9D) of section 132.  (1) For the purpose of sub-section (9D) of section 132, the fair market value of the property shal ........ View More 29/08/2023 | 0 comments | Visitor's Count: 220
Text of Rules 13 of Income Tax Rules, 1962 CA. (Dr) VINAY MITTAL Text of Rules 13 of Income Tax Rules, 1962 [1][13. Procedure to requisition services under sub-section (2) and to make a reference under sub-section (9D) of section 132. –  (1) Every Principal Chie ........ View More 29/08/2023 | 0 comments | Visitor's Count: 146
Special provision for computing profits and gains of foreign companies engaged in the business of ci ........ Ram Dutt Sharma Special provision for computing profits and gains of foreign companies engaged in the business of civil construction, etc., in certain turnkey power projects [Section 44BBB] Section 44BBB provides t ........ View More 28/08/2023 | 0 comments | Visitor's Count: 152
Addition u/s 69A in respect of cash deposited into bank account during demonetization period CA Rajiv Kumar Jain Addition u/s 69A  in respect of cash deposited into bank account during demonetization period Assessment and addition (Hypothetical) The Ld. AO has made addition of Rs.  27,14,000/- u/s ........ View More 27/08/2023 | 0 comments | Visitor's Count: 564
Addition of Contingent Liability by way of adjustment u/s 143(1)(a). CA Rajiv Kumar Jain Citation: In the case of Knowledge Infrastructure Systems (P) Ltd. vs. DCIT before ITAT, Delhi. Assessment Year: 2020-21 Date of Order: 1.8.2023 Issue: Addition of Contingent Liability by way o ........ View More 26/08/2023 | 0 comments | Visitor's Count: 322
Virtual Digital Assets (“VDAs”) come under the ambit of Prevention of Money Laundering Act, 2002 (PM ........ Ram Dutt Sharma Virtual Digital Assets (“VDAs”) come under the ambit of Prevention of Money Laundering Act, 2002 (PMLA) Virtual Digital Assets (“VDA”) have been defined under the Income tax Act, 1961 as any informa ........ View More 22/08/2023 | 0 comments | Visitor's Count: 244
Power to Call for Information under section 133(6) of Income Tax Act, 1961 Ram Dutt Sharma Power to Call for Information under section 133(6) of Income Tax Act, 1961  §   Section 133(6) of the Income Tax Act enables the Income Tax Authorities to compel Banks and other Authorities to furni ........ View More 15/08/2023 | 0 comments | Visitor's Count: 3411
Effect of re-opening the assessment based on wrong facts or conclusions Ram Dutt Sharma Effect of re-opening the assessment based on wrong facts or conclusions The effect of re-opening the assessment based on wrong facts or incorrect facts or conclusions, are that the notice issued for ........ View More 15/08/2023 | 1 comments | Visitor's Count: 461
Decoding provisions of Liberalised Remittance Scheme (LBS) Ram Dutt Sharma ITO (Retd.) Decoding provisions of Liberalised Remittance Scheme (LBS) Liberalised Remittance Scheme (LRS) brought in as a relief to all Indian Residents to remit money outside India. As the name suggests, the  ........ View More 27/05/2023 | 0 comments | Visitor's Count: 240
Representative Assessee [Section 160] Ram Dutt Sharma ITO (Retd.) Representative Assessee [Section 160] Section 160 of the Income-tax Act, 1961 defines ‘representative assessee’. Sub-section (1) to this section enumerates five categories of representative assessee ........ View More 22/05/2023 | 0 comments | Visitor's Count: 1329