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Income Tax - Articles By: DEV KUMAR KOTHARI |
Showing 41 to 60 of 717 Records |
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The Assessing officer and CIT(A) should have followed binding precedence and held that S.115JB is not applicable because of failure of integral computation and charging provision which require as precondition computation of GTI, Deductions, TI and tax payable . And also because company is not a dividend paying company.
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By: - DEV KUMAR KOTHARI
Dated:
July 19, 2022
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ITR- LAST OR DUE DATE SHOULD BE REVISED JUSTIFIABLY CONSIDERING SIZE OF ITR FORM AND INFORMATION AND DATA TO BE FILLED IN.
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By: - DEV KUMAR KOTHARI
Dated:
July 13, 2022
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Learning from reported case Unrepresented case - S.68 - cash deposited in account of loan creditor before issue of demand draft (dd), no documents about identity and credit worthiness of loan creditor filed. Addition confirmed.
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By: - DEV KUMAR KOTHARI
Dated:
July 2, 2022
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Depreciation: cost to secure non competition or reduce competition can be a part of depreciable intangible asset.
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By: - DEV KUMAR KOTHARI
Dated:
June 23, 2022
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TDS or TCS on purchase or sale of transferable import licence or import entitlement is advisable with a view to play safe and avoid litigation.
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By: - DEV KUMAR KOTHARI
Dated:
June 11, 2022
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Supreme Court’s judgment on aspect of remuneration to Doctors in context of charitable institutions need a reconsideration.
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By: - DEV KUMAR KOTHARI
Dated:
June 10, 2022
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NOTICES RELATING TO REASSESSMENT PROCEEDINGS WITHOUT APPLICATION OF ANY MINDS –notice to agent like authorized signatory in bank account, for allegations of escapement of income in hands of agent.
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By: - DEV KUMAR KOTHARI
Dated:
May 25, 2022
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A case of un-necessary reassessment and harassment Proviso to S.139(1) inserted w.e.f. 01.04.2020 for compulsory filing of ITR in some cases is prospective and not retrospective.
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By: - DEV KUMAR KOTHARI
Dated:
May 24, 2022
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Revised return of income – last date allowed must be made rational ,logical ,reasonable and result oriented for more confidence building between tax department and tax payers.
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By: - DEV KUMAR KOTHARI
Dated:
May 17, 2022
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NOTIONAL RENT OF HOUSE PROPERTY HELD AS STOCK-IN-TRADE IS NOT TAXABLE UNDER HEAD ‘income from house property’ – discussion in view of recent and some earlier judgments. This will not be taxable even in view of clause (5) in section 23 w.e.f. 01.04.2018- a point of view
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By: - DEV KUMAR KOTHARI
Dated:
May 12, 2022
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TAX DEDUCTION AT SOURCE (TDS) on security charges, guarantee charges.
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By: - DEV KUMAR KOTHARI
Dated:
May 9, 2022
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INDIAN INCOME TAX UPDATED RETURN – ITR U – preliminary analysis of relevant provisions
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By: - DEV KUMAR KOTHARI
Dated:
May 5, 2022
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DISPUTED AMOUNT OF TAX / PENALTY IS TO BE CONSIDERED FOR MAINTAINABILITY OF APPEAL
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By: - DEV KUMAR KOTHARI
Dated:
May 4, 2022
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Prejudices and mechanical style of working continue – while issuing notices us 148 A, Enquiry and order us 148A and then notice us 148- as per recent experience new provisions are not likely to serve purposes and roving enquiry will continue in name of reassessment.
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By: - DEV KUMAR KOTHARI
Dated:
April 18, 2022
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An analysis of S.148A inserted with effect from 01.04.2021 by the FA 2021. It provides for mandatory steps and stages with prior approval of Pr.CIT / CIT at various stages
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By: - DEV KUMAR KOTHARI
Dated:
March 23, 2022
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S. 147 : Reassessment-Revenue directed to guidelines for reassessment- CBDT to issue guidelines to its officerrs based on the Order with clear instructions which are to be strictly followed. [S. 148, 149, 150, 151, Art. 226]
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By: - CA DEV KUMAR KOTHARI
Dated:
March 8, 2022
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A judgment on issue of illegal, prohibited payments not allowable That medical practitioners were forbidden from accepting such gifts, or “freebies” was no less a prohibition on the part of their giver, or donor – held so by the Supreme Court such expenses are not allowable.
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By: - DEV KUMAR KOTHARI
Dated:
March 1, 2022
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ITR - UNLISTED EQUITY SHARES DETAILS IN ITR –should be simple and only when there is impact on income or loss of assesse and not in other cases. By dropping un-necessary reporting about unlisted shares lot of pressure on ITD portal and return preparer can be reduced.
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By: - DEV KUMAR KOTHARI
Dated:
December 24, 2021
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RECONCILIATION OF 26AS, AIS, TIS WITH BOOKS OF ACCOUNT AND ROI AND REMEDIAL MEASURES FOR CORRECTIONS TO AVOID TAX DISPUTES.
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By: - DEV KUMAR KOTHARI
Dated:
December 15, 2021
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Option u.s.115BAC in case of individuals and HUF – an analysis and discussion of various aspects.
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By: - DEV KUMAR KOTHARI
Dated:
November 2, 2021
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