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...
Computing capital gains u/s 50 - though the vesting of the title is mandatorily required for claim of depreciation u/s 32 - de hors ownership of an asset, is not necessary form part of the ‘block of assets’for determining the point of acquisition of the property in terms of Sec. 50(1)(iii)- acquired assets will also form part of block
Computing capital gains u/s 50 - though the vesting of the title is mandatorily required for claim of depreciation u/s 32 - de hors ownership of an asset, is not necessary form part of the ‘block of assets’for determining the point of acquisition of the property in terms of Sec. 50(1)(iii)- acquired assets will also form part of block
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
