The application to settlement commission for settlement under Section 245C can be made at any stage of the case if the proceedings for assessment is for previous six assessment years and additional amount payable exceeds Rs 5
As per Section 56(2)(x) of Income Tax Act, if the purchase price of a property is less than the stamp duty value and the difference is more than 5% of the purchase price or Rs 50,000 (whichever is higher), then the difference
TDS shall be calculated on complete sale value and not just carpet area and car parking. Further, Central Board of Direct Taxes issued Circular No. 23/2017 dated July 19, 2017 wherein it clarified that GST shall be excluded f
The revised gratuity limit is applicable for retirement after March 29, 2018 and not before this date. Since you retired on September 30, 2017, the limit of Rs 10 lakh for gratuity exemption shall be applicable for you.
Under Section 9 of Income-tax Act, 1961, income could be subject to tax in India if the institution has some business connection in India or if the fee paid qualifies as royalty or fees for technical services
The LTCG claim will not be reversed for fault of a builder as there are various rulings in favour of taxpayers where it has been held that for exemption under Section 54, comple-tion of construction within three years is not