43b disallowance

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Expenditure upto 35000 in cash allowed to transporter


Expenditure made of more than 20000 in cash allowed to transporter Enhancement of limit for disallowance of expenditure made in the case of transporters Under the existing provisions of the Income tax

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Experts Opinions

Disallowance of gift and levy of penalty u/s 271


My client had received a gift of INR 4 50 lacs from his uncle from Britain he could not produce all documents to the satisfaction of the A O AO made addition Appeal was made but rejected on the same g

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Tds disallowance.


if any expenditure liable for TDS is paid without deducting tax then whether expense is disallowed wholly or to the extent of 30 u s 40 a

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Sec 43b of income tax act


In Sec 43B why write back of provision arises in respect of Leave Encashment Gratuity Can write back be claimed as deduction

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Disallowance items as per 40(a) (ida)


1 Our Company paid INR 60 Lakhs as salary to one our acting director who was in india for aroung 200 days only Our previous auditors have not deducted tds on the same and now our present director has

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Re : 43b liability


Case XYZ P Ltd liable to tax audit has filed its income tax return for a y 2015 16 on 30 09 2015 wherein esic payment amounting to Rs 30 000 covered by 43B was mistakenly allowed which was required to

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Discussion

All disallowances in itr to appear in 3cd also

Hi Should all the disallowances made in ITR for provisions on which tax is not deductable be disclosed int Form 3CD also If so under which clause

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Disallowance of interest on delay in payment of incometax

What all expenses are disalllowed in the nature of penalty Please comment on the following 1 Interest on late payment of tds 2 Interest on late payment of Service tax 3 Interest on late payment of Inc

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Disallowance under section 14a of the income tax act

Fact of the case HUF has borrowed unsecured loan amounting to Rs 3 25 00 000 long back and invested in Business concern HUFhas transfer a business concern to private limited company in consideration o

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Pf esi disallowance & allowance

Is there any allowance for PF ESI employee contribution disallowed during previous year

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Section 14a disallowance

Dear All Good Day Very Urgent Our compnay has earned Rs 15 Lacs STT Paid long term capital gain which is exempt and we have a wholly owned subsidiary around 97 share Our subsidiary has neither declare

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  • CA Course- new scheme of education & training

    CA Course new scheme of education training

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  • MAT Provisions, Section 43B, Section 44AB

    This file contains MAT provisions Provisions of Section 43B and Provisions of Sction 44AB i e Tax Audit

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  • S. 40(a)(ia) Disallowance for CA IPCC and Final May 2015

    S 40 a ia Disallowance for Non Deduction and Short Deduction of TDS from A Y 2015 16 Applicable for CA IPCC and FINAL MAY 2015 EXAM and It is practically useful For CA s

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  • Quick Revision of sec 36,40, 43b of Income Tax

    Quick Revision of sec 36 40 43b of Income Tax

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  • CBDT clarification on disallowance u/s 14A of IT Act 1961

    Expenses pertaining to exempt income are disallowed u s 14A of Income Tax Act 1961 Now CBDT has clarified vide circular dated 11 2 2014 that such expenses will be disallowed even if there is no corresponding exempt income e g dividend in a particular financial year

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Articles

Income Tax Act - 1961 Sec 14A disallowance


Introduction 1 Section 14A was first inserted by the Finance Act 2001 However same was inserted with retrospective effect from 1 4 1962 The inserted section reads as under 14A Expenditure incurred in


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Failure to deduct tax at source - disallowance restricted to 30%


As per the existing provision of section 40 a ia any payment made by way of interest commission brokerage rent royalty fee for professional services fee for technical services payment to a contractor


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Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer- Part II


Another situation which in many of the cases under the Punjab VAT which dealers are facing is the disallowance of input tax credit on the ground that the registration of seller of the goods has been c


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Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer


The system of VAT was introduced in the sales tax law to bring more transparency efficiency to remove tax cascading etc The difficulties which may arise in any system comes to picture only when the sy


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MTM Loss Disallowance - Another opportunity to revisit


Derivative losses or Mark to Market losses are known to be unreal or notional and hence the taxman hates giving deduction for them The focus seems to be on distinguishing oneself from the accounting l


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Updated on : 12/18/2015 8:01:09 PM



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