Business Income
Turnover Meaning : Day Trading ,Futures & Options
Turnover meaning for day trading ,and transaction in futures or options is quite different than the meaning of turnover in normal trading…
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Business Income
Business income is assessed under Income Tax Act , if the any income falls with the charging section 28 of the Income Tax Act
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Business Income
Depreciation Can be Allowed Even if Plant Machinery Not Used During Year !
Depreciation on plant & machinery is allowance to be reduced as per section 32 of the Income Tax Act .Apart from the…
Assessment
Section 14A Not to Apply if No Exempt Income Received , Special Bench Order Set Aside !
After five years of wait , finally , ITAT Special Bench order in case of Cheminvest Ltd vs CIT [2009] 121 ITD 318…