Extension of various due dates under Income Tax due to Covid-19
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements a....
Deduction of medical treatment and maintenance of disabled dependent
Deduction for medical expenditure for a deprendent Introduction Section-80DD of the Income Tax Act, 1961 p....
Deemed Dividend under section 2(22)(b)
Deemed Dividend u/s 2(22)(b) The taxability of ‘Deemed Dividend” is a complex issue in the Inco....
Dividend under section 2(22)(a) of Income Tax Act
Section-2(22) deals with the term 'Dividend'. Sub clause (a) of section-2(22) talks about distribution....
Tax on Income of Mutual Funds & Dividend Distribution Tax
Section-10(23FC) of the Income Tax Act, 1961 provides for exemption for any income derived by a business trust....
Deduction for Medical Insurance Premium under section-80D
Deduction in respect of Medical Insurance Premium: Section-80D Nowadays, the risk arising from lifestyle di....
Acquisition of business assets by way of gift or inheritance
Acquisition of business asset by way of gift or inheritance [Explanation-2 to section-43(1)] Where any....
Conversion of stock in trade into capital asset
Conversion of stock in trade into asset to be used for business purposes: [Explanation-1 to Section 43(1)]....
Fair Market Value of asset under Rule-11UAB
Fair Market Value of inventory under Income Tax Role of Rule-11UAB comes into play where an assessee conver....
Actual Cost for charging depreciation under Income Tax
HOW TO CALCULATE “ACTUAL COST” FOR THE PURPOSE OF “BLOCK OF ASSETS” Section-43(1) o....