advance_tax

Neither Advance Tax nor TDS Proof of Disclosure of Income: Supreme Court

Mere payment of advance tax or tax deducted at source on any income can be argued as an evidence that a tax payer has disclosed the...
High_Court

Charitable Purpose: Seed Certification Is Not !

The amendment of definition of  charitable purpose  in section 2(15 ) was done by Finance Act 2008 because the evasion of tax in the...
film_shooting

Films Shooting Abroad Gets TDS Compliance Relief !

Bollywood films shooting abroad  require help of foreign based service providers for arranging various kinds of jobs critical to the film shooting in the...
case-laws-on-direct-tax

No 80-IA Deduction to MRI , CT Machine Diagnostics Centre

Delhi High court has recently upturned the decision of ITAT on the subject of allowance of deduction u/s 80-IA to a MRI and CT scan centre...
trust_registration

Trust Registration Can’t be Denied for Non Filing of Return in Past

Section 12AA of the Income Tax Act provides for procedure of registration of a charitable trust. As per the rule, the application is submitted...
section_201

Section 201 :No Application if the Amount Disallowed u/s 40(a)(ia) !

Section 201 empowers assessing officer to demand tax not deducted by a person in case the A.O finds that the said person was required...
section_50C

Section 50C: No Blind Application Allowed !

Section 50c of the Income Tax Act has brought lot of resentment to tax payers because of its presumption of sales consideration. Those readers...

Section 11: Loan Refund to Trust Not Taxable !

Section 11 deals with exemption to income of property held by trust. Mumbai High court  in CIT vs Trustees of Kasturbai Scindia Commission Trust 189...

Section 11: Tax Refund Not an Income for Trust

The receipt of refund is not a taxable income in case of charitable trust registered u/s 12AA. Such a view got the backing of...

Section 11 :TDS is Not Income For Trust !

The amount of tax deducted at source is also income under the Income Tax Act , as is clear from section 198 of the...
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