Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Capital gain vs business income - the shares were shown in the balance sheet as investment - Mere fact that the frequency of buying and selling shares may be higher itself would not be a determined factor.
Capital gain vs business income - the shares were shown in the balance sheet as investment - Mere fact that the frequency of buying and selling shares may be higher itself would not be a determined factor.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
