Webb1 apr. 2024 · The provisions of proviso to clause of sub-section (1) of section 36 of the Income-tax Act had been amended so as to provide that the borrowing cost incurred for … WebbEven while ruling retrospectivity to s 43B SECOND PROVISO when Finance Act, 2003, the second proviso stood deleted w.e.f April 1, 2004. giving relief to the employer-assessee, …
CBDT Notifies Computation of Taxable Interest on ... - Income Tax …
Webb14 apr. 2024 · (e) contravention of any of the provisions of this Chapter or of the rules made thereunder with intent to evade payment of Service Tax, by the person chargeable with the Service Tax or his agent, the provisions of this sub-section shall have effect, as if, for the words “one year”, the words “five years” had been substituted. Webbför 2 dagar sedan · He made this observation without appreciating that interest paid to partners i.e M/s Century Real Estate holdings Pvt. Ltd. is for the business purpose since the same is authorised by sec 40(b)(iv) of Income tax act and was incorporated by Finance Act 1992 and said section puts limitation on the deduction under section 30 to 38 therefore … hafh coliving operations
CBDT Clarifications on ICDS – An Incisive Analysis – Part II
WebbSection 36 (1) (i) – Insurance Premium. Insurance Premium deduction u/s 36 (1) (i) is in three parts. First is in respect of risk of damage or destruction of stock in trade second … Webb22 maj 2024 · Impact of Proviso to Section 43(1): The assessee who acquires an asset and makes payment in cash exceeding Rs. 10,000 in a single day will not be able to take … Webb8 feb. 2008 · A proviso has since been inserted in Section 36 ( 1 ) ( iii) of the 1961 Act. That proviso has been inserted by the...Section 36 ( 1 ) ( iii) has to be read as … brake pads wear chart