Compensation received in lieu of ‘right to sue’ is not taxable. Decision held In Chheda Housing Development Corporation Vs Addl. CIT (ITAT Mumbai) on dated 29/05/2019 2(+4,45 When the breach of contract does not give rise to any debt and…
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FAQ filing ITR for assessment year 2019 20 Please read carefully e the following FAQ and then filed the ITR. These points are relating to to NRI Director Not ordinary resident Person holding unlisted shares Cost of acquisitions sales considerations…
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451654584Guidelines for compounding of Offices under Direct Tax Laws,2019_compressed
These individuals /HUF mandatorily needs to file ITR for AY 2019-20 When total income without deductions exceeds Rs. 2.5 lakh below the age of 60 years, 3 lakh for senior citizens (between 60 and 80 years) and 5 lakh for…
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On Jul 4, 2019 BOMBAY TRIBUNAL held that No TDS is required to be deducted u/s 194H on credit card charges paid by assessee to Banks on payments received from customers on purchases made through credit Section 14A Assessee had…
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ITAT, VISAKHAPATNAM BENCH held on 3rd April, 2019 that there is no case for disallowance of expenditure u/s 14A relatable to exempt income when there is no exempt income. Followed: ACN Infotech (India) (P) Ltd. v. Asstt. CIT [ITA No….
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In K.C. Builders (Supra), the Supreme Court held in para26 that once the finding of concealment and subsequent levy of penalties under Section 271 (1)(c) of the Act has been struck down by the Tribunal, there is no concealment, u/s 276C and…
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Tax saving tips for salaried employees for financial year 2018-19 HRA section 10(13A) is available if you are paying house rent. Detail is given in separate article. Standard deduction of rupees 40000 Deduction under section 80C for LIC, housing loan…
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To file ITR for having Salary Income we need following papers
The Tagging of non-compliant Companies/Directors for not filing eForm Active(INC-22A) is complete. The form (ACTIVE) has since been made available for filing purposes. The form can be filed with a fee of INR 10000. Stakeholders may kindly download the latest…
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