Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Deduction, when there is variance between CPWD and State PWD ...

Income Tax

November 28, 2013

Deduction, when there is variance between CPWD and State PWD rate – The assessee is entitled for deduction of 15% on account of rate variation between CPWD and State PWD and 10% towards self supervision. - AT

View Source

 


 

You may also like:

  1. Estimation of cost of construction - Adopting State PWD rate for construction may be preferable rather than Central PWD rate - AT

  2. Valuation of property - Adoption of State P.W.D. rates or the Central P.W.D. - Tribunal was right in directing the Assessing Officer to adopt the State P.W.D. rates on...

  3. Addition of undisclosed investment - the valuation done by the DVO by adopting the CPWD rate instead of State PWD rates and not allowing 10% for self supervision is held...

  4. There is no specific notification or circular indicating that CPWD rate alone should be adopted in arriving at the cost of construction, the Tribunal is justified in...

  5. Determination of cost of construction - Valuation adopted in respect of the construction of a property at Noida UP. - the state PWD rates should be adopted for computing...

  6. Addition on account of long-term capital gain on sale of properties - VO had applied CPWD rate whereas he should have applied PWD rates and should have allowed...

  7. Refund claim of service tax on services which were exempted with retrospective effect - Illegal action of CPWD in adjusting security deposit of the petitioner - CPWD...

  8. Addition u/s 153A - Undisclosed investment - Addition on the basis of DVO report - The relief granted was based on the foundation of comparative figures of investment by...

  9. Additions against Suppressed sales - huge variance in sale price of flats - ld. AO is directed to give consequential relief by applying this weighted average rate - AT

  10. Difference on account of exchange rate fluctuation is entitled to deduction under section 80IB - AT

 

Quick Updates:Latest Updates