Interest from non-SLR Securities of Banks: Whether chargeable under the head “Profits and gains of business or profession” or “Income from other sources”? [Circular No. 18, dated 2.11.2015] The issue […]
All posts by TANI AGARWAL - 14. page
Professional Tax Consultant and Article Writer
Deduction in respect of cost of production allowable under section 37 in the case of Abandoned Feature Films [Circular No. 16, dated 6.10.2015]
Deduction in respect of cost of production allowable under section 37 in the case of Abandoned Feature Films [Circular No. 16, dated 6.10.2015] The deduction in respect of the cost […]
Oil wells included in New Appendix I under Mineral Oil concerns under “III. Plant and Machinery” to be eligible for depreciation@15% [Notification No. 13/2016 dated 03-03-2016]
Oil wells included in New Appendix I under Mineral Oil concerns under “III. Plant and Machinery” to be eligible for depreciation@15% [Notification No. 13/2016 dated 03-03-2016] The CBDT has, vide […]
Certain districts of Bihar notified as backward areas under the first proviso to section 32(1)(iia) and section 32AD(1) [Notification No. 71/2015, dated 17.8.2015]
Certain districts of Bihar notified as backward areas under the first proviso to section 32(1)(iia) and section 32AD(1) [Notification No. 71/2015, dated 17.8.2015] : In order to encourage the setting up […]
Presumptive Taxation Scheme for assessees engaged in eligible profession [Section 44ADA]
Presumptive Taxation Scheme for assessees engaged in eligible profession [Section 44ADA] Related amendment in section: 44AB Effective from: A.Y. 2017-18 (i) Section 44AD provides for a presumptive taxation scheme for […]
Increase in threshold limit of gross receipts/turnover under section 44AD of a business to be eligible for opting the presumptive taxation scheme
Increase in threshold limit of gross receipts/turnover under section 44AD of a business to be eligible for opting the presumptive taxation scheme Related amendments in sections: 44AA, 44AB and 211 Effective […]
Sum payable to Indian Railways for use of railway assets allowable as deduction in the year in which the liability to pay such sum is incurred, only if payment is made on or before the due date of filing of return [Section 43B]
Sum payable to Indian Railways for use of railway assets allowable as deduction in the year in which the liability to pay such sum is incurred, only if payment is […]
NBFCs eligible for claim of deduction for provision for bad and doubtful debts [Section 36(1)(viia)]
NBFCs eligible for claim of deduction for provision for bad and doubtful debts [Section 36(1)(viia)] Effective from: A.Y.2017-18 (i) Under sub-clause (c) of section 36(1)(viia), in computing the profits of […]
Scope of section 35AD expanded to include the business of developing, maintaining and operating a new infrastructure facility
Scope of section 35AD expanded to include the business of developing, maintaining and operating a new infrastructure facility Related amendment in section: 80-IA Effective from: A.Y.2018-19 (i) The Finance Minister in […]
Tax treatment for spectrum fee [New section 35ABA]
Tax treatment for spectrum fee [New section 35ABA] : Effective from: A.Y.2017-18 (i) Section 32 allows depreciation in respect of assets including certain intangible assets. Section 35ABB provides for amortisation […]