Short term capital asset: For all capital assets other than Financial Assets: Capital Assets held by an assessee for not
Read MoreShort Term Capital Gain: a) Taxed at normal rates as applicable to various assesses. b) In respect of listed securities
Read More1. Applicability: a) Paid by Government or Indian Concern. b) Received by Non-resident (not being Company) or a Foreign Company.
Read MoreIncome earned by a mutual concern from mutual activities is no taxable whereas income earned from non-mutual activities is chargeable
Read More1. Nature of expenses Any sum payable by an employer by way of contribution to PF or superannuation fund or
Read More1. Applicability: The assessee has acquired any capital asset from abroad for the purpose of his business or profession. The
Read MoreApplicability: Any assessee carrying on business of prospecting or extraction or production of mineral oil. Condition: The Government of India
Read MoreAny provision for gratuity in the books of accounts shall not be allowed as a deduction unless- 1. The provision
Read More1. Nature of Expenditure: If an assessee incurs any expenditure in respect of which payment in excess of Rs.35, 000
Read MoreAllowing Adjustment Of Losses Of New Hospital Or New Hotel Against Can Be Set Off Against Incomes Of Existing Specfified
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