Disallowance U/s. 40A(2)(b) on account of Interest @ 18% – Held not excessive Issue – The assessee claimed that the assessee borrowed unsecured loan @ 18% from related as well […]
Problems Related to PAN while registering on Income Tax e-filing website
Problems Related to PAN while registering on Income Tax e-filing website Registration – FAQ Individual Q: I’m not able to register, as I get an error message “Invalid PAN […]
Allow deduction of Interest Paid to Government under Income Tax Act – ICAI
Allow deduction of Interest Paid to Government under Income Tax Act – ICAI Allowability of Interest paid under Incometax Act, 1961: Presently, interest paid by the Government to an […]
Issue PAN for Free, Fix time limit for issue and Give reason for rejection – ICAI
Issue PAN for Free, Fix time limit for issue and Give reason for rejection – ICAI Issues regarding PAN allotment For filing of return, it is […]
MCA issues Circular on Applicability of PAN requirement for Foreign Nationals as Director of Company at the time of Incorporation
MCA issues Circular on Applicability of PAN requirement for Foreign Nationals as Director of Company at the time of Incorporation MCA issues General Circular No. 16/2014 Dated 10.06.2014 for […]
Section 80P(4) not applies to assessee which is not a co-operative bank
Section 80P(4) not applies to assessee which is not a co-operative bank Deduction U/s. 80P cannot be denied to Society extending credit facilities to members only From the provisions of […]
Share application money cannot be treated as loan for mere delay in allotment
Assessee argued that the clear transactions involving payment of share application money cannot be treated as international transactions of loans given by the assessee company to its AE merely because […]
Spouse with joint account or sole nominee can continue with account of deceased under Senior Citizen Saving Scheme
Spouse with joint account or sole nominee can continue with account of deceased under Senior Citizen Saving Scheme In exercise of the powers conferred by section 15 of the […]
Prescribe Procedure for surrender of PAN by Firms – ICAI
Prescribe Procedure for surrender of PAN by Firms – ICAI In case of firms, who have discontinued their business still have to file return u/s 139(1), since no procedure […]