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This Blog relates to taxation law applicable in india. You can download various income tax forms, income tax calculators india from here. Check PAN card status from here. Download PAN card application forms here.
Recent Posts Tagged With 'important cases'
Whether expenditure on upgrading computers are allowable as revenue expenditure?
CIT v. Southern Roadways Ltd. (2007) 288 ITR 15 (Mad.)Relevant section: 37The High Court held that the upgradation of computers by changing certain parts thereby enhancing the configuration of the computers for improving their efficiency, but without...
Whether excess charges paid by the assessee for using excess load of electricity was allowable business expenditure?
CIT, Patiala v. Industrial Cables (India) Ltd. (2007) 162 Taxman 423 (Punj. & Har.)Relevant section: 37(1)The Tribunal recorded a finding that the amount paid by the assessee was a kind ofsurcharge levied for drawal of excess load as per the PSEB Rul...
Mutual fund's loss allow or disallow after dividend recieved
