Web17 Oct 2024 · Section 2 (22) (e) is a deeming provision & should be construed strictly. The section uses the expression “by way of advances or loans” which shows that all … WebIncome from house property 1The annual value of property consisting of any buildings or lands appurtenant thereto of which the assessee is the owner, other than such portions of such property as he may occupy for the purposes of any business or profession carried on by him the profits of which are chargeable to income- tax, shall be chargeable to …
TDS on Hotel accommodation – Section 194I of the Income Tax Act
Web10 Mar 2024 · Definition under Section 22 of IT Act, 1961. Under the heading “income from House Property,” Section 22 taxes the ‘annual value’ of a property comprising of any … Web11 Apr 2024 · On 02.06.2003, Income Tax Officer (ITO) vide order under Section 201(1A) of the Act, 1961 levied penal interest of Rs. 4,97,920/ for the period of delay in remittance of … paw bottle opener
Deductions u/s 36: Expenses Allowed For Deduction - Tax2win
Web22 Jun 2024 · The Supreme Court (SC) of India has held that mere belated TDS remittance won’t attract a penalty under section 271C of the Income Tax Act, 1961. M/s US Technologies, the appellant challenged the impugned judgment(s) and order(s) passed by the High Court of Kerala at Ernakulam in confirming the levy of interest/penalty under … WebSection - 1 Short title, extent and commencement Section - 2 Definitions Section - 3 "Previous year" defined Section - 4 Charge of income-tax Section - 5 Scope of total … WebThe tax so computed shall be enhanced by a surcharge of two per cent. where such company has total income exceeding one crore rupees but not exceeding ten crore rupees. Surcharge at the rate of five per cent. shall be levied if the total income of such company exceeds ten crore rupees. paw bounty hunting blox fruits