Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
Customs Assessment Portal centralises classification and valuation guidance to support consistent, transparent and informed compliance across stakehol...
Page of 4918
Press 'Enter' after typing page number.
101 to 120 of 98359 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Allowance of standard deduction u/s 24(a), deduction for actual repairs, and deduction of accumulated income u/s 11(2) in the case of a charitable trust claiming exemption u/s 11. The Tribunal held that standard deduction of rental income at 30% u/s 24A cannot be allowed while computing income eligible for exemption u/s 11. Regarding actual repairs, the AO was directed to allow deduction for actual repairs and maintenance expenditure incurred before arriving at income available for accumulation u/s 11(2) or taxable income. Concerning accumulation u/s 11(2), the assessee failed to provide details on availability of funds for specified investments u/s 11(5), and the Tribunal rejected the ground for accumulation deduction. The summary covers the critical issues using relevant legal terminology in a concise manner.
Allowance of standard deduction u/s 24(a), deduction for actual repairs, and deduction of accumulated income u/s 11(2) in the case of a charitable trust claiming exemption u/s 11. The Tribunal held that standard deduction of rental income at 30% u/s 24A cannot be allowed while computing income eligible for exemption u/s 11. Regarding actual repairs, the AO was directed to allow deduction for actual repairs and maintenance expenditure incurred before arriving at income available for accumulation u/s 11(2) or taxable income. Concerning accumulation u/s 11(2), the assessee failed to provide details on availability of funds for specified investments u/s 11(5), and the Tribunal rejected the ground for accumulation deduction. The summary covers the critical issues using relevant legal terminology in a concise manner.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
