Female member can be Karta of HUF – Delhi HC Brief of the Case Delhi High Court held In the case of Mrs. Sujata Sharma vs. Shri Manu Gupta that post Hindu Succession (Amendment) Act, 2005 which amended the Hindu Succession Act, 1956, all rights which were available to a Hindu male are now also […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Brokerage Not Deductible In Computing Income From House Property Case Law Citation:- Radiant Premises Pvt. Ltd vs. ACIT (ITAT Mumbai); ITA No.5494/Mum/2013; Date of Pronouncement 05.06.2015; Assessment Year: 2010-11 Brief of the Case:- The brokerage paid to the third party has nothing to do with the rental income paid by the tenant for enjoying the […]
What is Advance Tax and how to calculate and pay Advance Tax? What is Advance Tax? Advance Tax is part payment of your tax liability before the end of the financial year. It is also called pay as you earn scheme where the income tax should be paid in the year in which the income […]
Sec 68: No addition where parties have sufficient bank balance while giving loans Citation of the Case: ITO vs. Rekha Bansal (ITAT Delhi), I.T.A.No.4455/Del/2013 & C.O. No. 43 / Del/ 2014, AY 2009-10, Date of Judgment: 14/08/2015
Interest subsidy for repayment of loan acquired for acquisition of capital assets, is capital receipts Citation of the Case: DCIT vs. M/s J.K. Cement Ltd. (ITAT Lucknow), ITA No.499/LKW/2010, ITA No.247 / LKW/2011, ITA No.180/LKW/2012, ITA No.570/LKW/2012 & ITA No.668/LKW/2014, AY 2007-08 to 2011-12, Date of Judgment: 30/10/2015