The general answer to the question in title of this post i.e whether the payments made to ROC to increase the authorized share capital of a private limited company is as…
Business Income
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Business income is assessed under Income Tax Act , if the any income falls with the charging section 28 of the Income Tax Act
Section 14A of the Income Tax Act is one of the most abused law of land . The abuse of the law is more from revenue side than assessee. In…
Under Income Tax Act , sale of a business asset on which depreciation is claimed is affected by the provision of section 50 of the I.T.Act that provides that the…
Assessment year 2014-15 maybe quite bothersome from builders and real estate traders as till 31/03/2013, they were not bothered about the stamp duty valuation of the sold flats. Only investors…
Depreciation on plant & machinery is allowance to be reduced as per section 32 of the Income Tax Act .Apart from the ownership , the second most important condition for…
After five years of wait , finally , ITAT Special Bench order in case of Cheminvest Ltd vs CIT [2009] 121 ITD 318 (Delhi) (SB) has been set aside by Delhi…