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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Gross total income of the assessee has first got to be ...

Income Tax

January 31, 2013

Gross total income of the assessee has first got to be determined after adjusting losses etc., and if the gross total income of the assessee is 'Nil' the assessee would not be entitled to deductions under Chapter VI-A. - HC

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  2. Loss on account of Mark to Market - Speculation or non speculation loss - the gross total income mainly consists of income from house property, income from capital...

  3. Set off of current year business loss against foreign dividend income - levy of tax u/s 115BBD on gross foreign dividend income - assessee would be entitled for set off...

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