Webto withholding tax under section 194C of the Act. Further, on failure of the taxpayer to withhold tax on the aforesaid expenditure, the same was disallowed by the TO under the provisions of section 40(a)(ia)2 of the Act. The taxpayer preferred an appeal with successive appellate authorities viz., the Commissioner of Income-tax (Appeals), the WebSection 28 of the Income-tax Act, 1961 enumerates certain incomes which shall be chargeable to income-tax under the head ‘Profits and gains of business or profession’. Section 29 of the Act directs that the income from business or profession shall be computed in accordance with the provisions of sections 30 to 43D of the Act. Sections 30
Addition of rental income as undisclosed income merely …
WebNov 21, 2012 · 21 November 2012 In case of a private limited company, we create provision for Income Tax according to the Tax Liability calculated. My query is while preparing the Computation of Income, the same Provision for Current Year Income Tax should be disallowed under which section under Income Tax Act. Thanks in advance. … WebDisallowance as Commission Expenses - principle of res judicata - The principle of res judicata does not apply to Income Tax proceedings and the facts of each year have to … davor lukač
Disallowance of provision for gratuity under Expenses or payments …
WebProvision for Income Tax refers to the provision which is created by the company on the income earned by it during the period under consideration as per the rate of tax … WebIncome Tax Disallowance of Employee Stock Option Plan (ESOP) cost claimed as expenditure - No reasons are forthcoming for invoking the provisions under section 17(2)(vi)(c) of the Act against the repeated contentions of the assessee that for the reasons stated in their written submissions, such an expenditure has to be allowed in the hands of ... WebCases Income assessed under normal Provisions Income assessed under MAT/AMT Provisions Return of Income is Income assessed is greater than The deemed total income filed the income determined in the assessed or reassessed as per return processed u/s. 143(1)(a) the provisions of sec. 115JB/115JC, is greater than با عدد ۸ نقاشی بکش