Tag Archives: Providend Fund under Business & Profession

Expenses incurred on Stamp duty for obtaining loan is revenue expenditure

Expenses incurred on Stamp duty for obtaining loan is revenue expenditure
[1966] 60 ITR 52 (SC) SUPREME COURT OF INDIA
India Cements Ltd. v/s Commissioner of Income-tax K. SUBBA RAO, J.C. SHAH AND S.M. SIKRI, JJ.
CIVIL APPEAL NO. 1106

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BUSINESS AND CHARITABLE TRUSTS – BUDGET 2015

BUSINESS AND CHARITABLE TRUSTS
Under the provisions of section 11 of the Income Tax Act 1961 , the primary condition for grant of exemption to trust or institution in respect of income derived from property

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Provident fund under the Head of Business or Profession

Provident fund under the Head of Business or Profession
In this particular article I wish to share some of my views about Provident Fund contribution by the Employer and Employee, its Taxability and deduction under

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