(Income Tax Appellate Tribunal, Mumbai) ITA No. 4598/Mum/2019 | 22-03-2021 SUB: INCOME FROM UNSOLD FLATS SHALL BE TREATED AS BUSINESS INCOME OF THE DEVELOPER AND NO INCOME FROM HOUSE PROPERTY ON THE BASIS OF ANNUAL LETTING VALUE OR NOTIONAL VALUE OF RENT. FACT OF THE CASE The assessee...
Interest penalty fordelay in filingan income tax returnwith tax due if any tax is due comes under Section 234A.As per the Income Tax Act, if you have any outstanding tax payable at the end of a Financial Year (FY), you must pay the balance tax amount and file your income tax returns...
In our earlier articleTax : Income From House Propertywe had given an overview of how to calculate Income From House Property. In this article we shall consider the case of one house for self-occupied purpose i.e being used by the owner for residences and no other property. It gives an ...
Income Tax & Goods & Service Tax (GST) Crafting tailored tax strategies to minimize liabilities, maximize savings, and propel your financial goals forward. Our tax planning services are designed to optimize your tax position and provide peace of mind, allowing you to thrive in a complex fiscal ...
For a two-income family, that’s P35,000/head. With our country losing so many manufacturing business, I wonder how many people can our remaining industries & businesses pay that? Also, I find our country imposes too much taxes. Between the 30% income tax and EVAT, the government must ...
India could have the third-largest number of high-income households after the United States and China, and Mumbai is likely to be the fourth-ranked city in Asia for such households.13 Looking next at upper-middle-income households, Asia's sha...
I have put all my savings in a deposit. But 10% on the interest is taken as TDS every year. Last year I noticed it and applied for ITR for 2016-17AY and 2017-18AY. To submit ITR for the previous (to get the TDC as refund) I need to change my PAN AO from chennai to Mumbai...
Dalton is in the process of opening up an office in Mumbai (regulatory license pending). Dalton follows a disciplined value investment process to identify good businesses trading at a significant discount to intrinsic value and...
Question 49: I am a real estate developer registered in Delhi. I have a sales office in Mumbai, Chennai and Kolkata. Do I need to take registration in Maharashtra, Tamil Nadu and West Bengal? Answer:yes as the sales office will be treated as distinct entity providing service to the regist...
He is supported by multi-cultural, multi-lingual analyst teams located in Santa Monica, Tokyo, Mumbai and Sydney. Dalton follows a disciplined value investment process to identify good businesses trading at a significant discoun...