Commissioner of Income Tax (Appeals)-52, Mumbai passed u/sec.143(3) and 250 of the Income Tax Act,1961. The assessee has raised the following grounds of appeal: On the facts and in the circumstances of the case as well as in law, learned CIT(A) erred in confirming the disallowance...
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 ...
You need to file your income tax return under Section 139(4).Filing ITR under Section 139(1) is only meant for taxpayers who have adhered to the deadline. Our articleFill Excel ITR1 Form : Income, TDS, Advance Taxexplains the process of filing an income tax return in detail with pictur...
Actually, the family of 5 will need to earn much more than P50,000 since the expenses are made using after-tax income. At 30% income tax, the family has to earn at least P70,000 pre-tax. For a two-income family, that’s P35,000/head. With our country losing so many manufacturing...
Whom to approach for this. can you kindly guide me for this. Currently I am staying at the below address: 7 KM Munshi Marg. Girgoan Chowpatty,Mumbai 400007. Reply Basavaraj Tonagatti July 20, 2017 at 12:52 PM Pandu-In my view, you have to write to the current AO for change. ...
The Asian Development Bank found that the price- to-income ratio in 211 Asian cities was 15.8, compared with a ratio of 4.0 in many developed economies.84 A similar analysis of major cities by Numbeo put the price-to-income ratio at 45 ...
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...
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 discount...
Do I need to show Exempt Income in my tax return? Even though these are tax-free, all exempt incomes must be mentioned in the tax return. Ignore this at your peril. For AY 2019-20(FY 2018-19) in ITR-1, tax-exempt incomes have to be reported in the tab, ‘Computation of income ...