Answers to queries on legal issues
| APPLICABILITY OF SECTION 9B AND 45(4) | |
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| Subject: | APPLICABILITY OF SECTION 9B AND 45(4) |
| Category: | Income-Tax |
| Asked by: | ANKUR AGRAWAL |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | partnership firm |
| Date: | August 10, 2022 |
| Excerpt of answer: | Reply of the Expert is awaited. Please check back later |
| CAPITAL GAIN | |
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| Subject: | CAPITAL GAIN |
| Category: | Income-Tax |
| Asked by: | KARAN SHAH |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Capital Gains |
| Date: | August 10, 2022 |
| Excerpt of answer: | Reply of the Expert is awaited. Please check back later |
| Show cause notice for claim of Education Cess as expenditure for A.Y. 2020-21 | |
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| Subject: | Show cause notice for claim of Education Cess as expenditure for A.Y. 2020-21 |
| Category: | Income-Tax |
| Asked by: | Prakash Kulkarni |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Education Cess |
| Date: | August 10, 2022 |
| Excerpt of answer: | Reply of the Expert is awaited. Please check back later |
| Invalid IDS- declaration and assessment u/sec.143(3) r.w.s 147 of the Act. | |
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| Subject: | Invalid IDS- declaration and assessment u/sec.143(3) r.w.s 147 of the Act. |
| Category: | Income-Tax |
| Asked by: | Prakash Kulkarni |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | IDS declaration, Reassessment |
| Date: | August 9, 2022 |
| Excerpt of answer: | Reply of the Expert is awaited. Please check back later |
| Income Tax Liability on ESOP | |
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| Subject: | Income Tax Liability on ESOP |
| Category: | Income-Tax |
| Asked by: | CA Govind Agrawal |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | ESOP |
| Date: | August 9, 2022 |
| Excerpt of answer: | Reply of the Expert is awaited. Please check back later |
| ITR U | |
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| Subject: | ITR U |
| Category: | Income-Tax |
| Asked by: | BKS |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Black Money, return |
| Date: | August 9, 2022 |
| Excerpt of answer: | Reply of the Expert is awaited. Please check back later |
| Whether employees of Autonomus body such as FTII, NSD are treated as Govt. Employees ? | |
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| Subject: | Whether employees of Autonomus body such as FTII, NSD are treated as Govt. Employees ? |
| Category: | Income-Tax |
| Asked by: | N. Dixit |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | employees contribution, salary |
| Date: | August 9, 2022 |
| Excerpt of answer: | Reply of the Expert is awaited. Please check back later |
| Source of Fund for investing in Sec 54EC | |
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| Subject: | Source of Fund for investing in Sec 54EC |
| Category: | Income-Tax |
| Asked by: | Shreya Mehta |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Section 54EC deduction |
| Date: | August 3, 2022 |
| Excerpt of answer: | Reply of the Expert is awaited. Please check back later |
| GST ON ALLOWANCE RECEIVED | |
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| Subject: | GST ON ALLOWANCE RECEIVED |
| Category: | GST |
| Asked by: | KARAN SHAH |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | GST- Service tax |
| Date: | August 3, 2022 |
| Excerpt of answer: | Reply of the Expert is awaited. Please check back later |
| ALLOWABILITY OF EXPENSES UNDER INCOME TAX | |
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| Subject: | ALLOWABILITY OF EXPENSES UNDER INCOME TAX |
| Category: | Income-Tax |
| Asked by: | KARAN SHAH |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Business expenditure, Cricketer, insurance |
| Date: | August 3, 2022 |
| Excerpt of answer: |
Claiming of expenses incurred on purchase of watches and clothes is precarious and not advisable. Further, as a professional cricket player, premium paid on insurance against injury has a direct nexus with the profession of the assessee. Therefore, the same should be allowable as an expense. The Hon’ble Income-tax Appellate Tribunal – Ahmedabad Bench in… (read more)
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