Income Tax Articles

Sec. 80IA Deduction allowed to single Industrial Unit: Madras High Court

Section 80IA Deduction to be allowed to single Industrial Unit, all Units can’t be taken together: Madras HC FACT OF THE CASE In the...

No Addition can be made on account of Unsecured Loans if assessee proves genuineness: ITAT

Fact of the Case The assessee company, M/s. K. P. Manish Global Ingredients Pvt. Ltd. is engaged in the business of dealing in drugs,...

Sec 194Q vs 206C(1H)

Comparative Analysis Example for Your understanding: Which one section will prevail? It has been specified under sub section 5(b) that if...

Sec 194Q: TDS on Purchase of Goods

Applicable to buyers if: Buyers whose turnover, gross receipt or sales in the immediately preceding Financial Year was more than Rs.10...

Section 206AB of Income Tax Act 1961

Topic: TDS Section: 206AB inserted from Finance Act, 2021 Applicable from: 01/07/21 Purpose: Promotion to file ITR An Overview Section...