on Divorce Lump sum payment received are Tax free and monthly payments received are taxable

on Divorce Lump sum payment received are Tax free and monthly payments received are taxable

section 2(15) Council for Leather Exports promoting export of leather and leather products is a charitable institution

section 2(15) Council for Leather Exports promoting export of leather and leather products is a charitable institution

Section 40a(ia) Case laws

Section 40a(ia) Case laws

FAQ on Rajiv Gandhi Equity Savings Scheme (RGESS)

FAQ on Rajiv Gandhi Equity Savings Scheme (RGESS)

No tax on amount received on family settlement

No tax on amount received on family settlement

New transfer pricing guidelines notified for reducing litigation

New transfer pricing guidelines notified for reducing litigation

Deducation of section 10A is available for entire year even if STPI registration is obtained in last month of previous year

Deducation of section 10A is available for entire year even if STPI registration is obtained in last month of previous year

No reassessment because income remained untaxed due to non coordination between departmental officers

No reassessment because income remained untaxed due to non coordination between departmental officers

Financial Inclusion Fund (FIF) – Revised Guidelines

Financial Inclusion Fund (FIF) – Revised Guidelines

ebiz launches composite application form for PAN, TAN, DIN and incorporation of company

ebiz launches composite application form for PAN, TAN, DIN and incorporation of company

Sum paid for internet connection not liable for TDS under section 194J

Sum paid for internet connection not liable for TDS under section 194J

FOREIGN TRADE POLICY 2015-2020

FOREIGN TRADE POLICY 2015-2020

INVESTMENT OPPORTUNITIES IN INDIA

INVESTMENT OPPORTUNITIES IN INDIA

Govt allows deduction under section 80DDB for treatment of disease on basis of certificate of private hospitals

Govt allows deduction under section 80DDB for treatment of disease on basis of certificate of private hospitals

Standard rent has to be computed as per the Rent Control Act even if same is not fixed

Standard rent has to be computed as per the Rent Control Act even if same is not fixed

Assessing Officer could not disallow bonus to non working partner

Assessing Officer could not disallow bonus to non working partner

FDR Interest cannot be excluded from book profit for calculating remuneration of partners

FDR Interest cannot be excluded from book profit for calculating remuneration of partners

Section 40A(3) will not hit if purchase from single person and value of each invoice is less than Rs 20000

Section 40A(3) will not hit if purchase from single person and value of each invoice is less than Rs 20000

No TDS on Compensation paid to evacuate slum dwellers

No TDS on Compensation paid to evacuate slum dwellers

FAQs on Charitable Institutions and Income Tax

FAQs on Charitable Institutions and Income Tax

No TDS on purchase of negative rights of films

No TDS on purchase of negative rights of films

Form No 15G and Form No 15H can be E filed

Form No 15G and Form No 15H can be E filed

Interest on FDRs made out of customer advances was not income

Interest on FDRs made out of customer advances was not income

RBI Regulations relating to regularization of assets held abroad under Black Money Act

RBI Regulations relating to regularization of assets held abroad under Black Money Act

Extension of date for filing of Income tax returns and tax audit reports

Extension of date for filing of Income tax returns and tax audit reports

Govt. receives 3770 crores under Black Money Act

Govt. receives 3770 crores under Black Money Act