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Tax Evasion through Client Code Modification

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 199
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Tax Evasion through Client Code ModificationModifications in client code – a unique trading id given to all clients - are required in cases of a manual error on the part of investor or broker while punching in the clie...

Income falling under the head salaries – If payable by the Government to a citizen of India for service outside India [Section 9(1)(iii)]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 240
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Income falling under the head salaries – If payable by the Government to a citizen of India for service outside India [Section 9(1)(iii)]Salary paid to an Indian citizen by the Government of India for rendering service...

Exemption of Long term Capital Gain Tax on Transfer of Residential Property (House or Plot of land) if Net Consideration is Invested in the Equity Shares of a new Start-up SME Company [Section 54GB]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 214
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Exemption of Long term Capital Gain Tax on Transfer of Residential Property (House or Plot of land) if Net Consideration is Invested in the Equity Shares of a new Start-up SME Company [Section 54GB]Section 54GB of the Ac...

Application of Income - Important points to remember

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 203
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Application of Income - Important points to remember§  Assessing Officer to verify the genuineness of the application of income§  Every trust or institution should apply at least 85% of its income d...

Payment of Admitted Tax Due before Filing an Appeal before the Joint Commissioner (Appeals) or the Commissioner (Appeals) [Section 249(4)]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 191
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Payment of Admitted Tax Due before Filing an Appeal before the Joint Commissioner (Appeals) or the Commissioner (Appeals) [Section 249(4)]Section 249(4) provides that appeal shall not be admitted unless—(a) where a ret...

Awarding Cost of any appeal by the Income Tax Appellate Tribunal [Section 254(2B)]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 187
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Awarding Cost of any appeal by the Income Tax Appellate Tribunal [Section 254(2B)]Section 254(2B) gives discretion to the Tribunal in the matter of awarding of costs of any appeal. However, no rules have been laid down f...

Tax Deducted at Source (TDS) on Year End Provisions

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 235
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Tax Deducted at Source (TDS) on Year End ProvisionsUnder the Income Tax Act, 1961, a person is required to deduct tax at source at the prescribed rate if the certain payments or credit exceeds specified threshold limits ...

Deductions in respect of profits and gains from housing projects [Section 80IBA]

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 244
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Deductions in respect of profits and gains from housing projects [Section 80IBA]Section 80-IBA provides for 100% deduction in respect of the profits and gains derived from developing and building certain housing projects...

Income Tax Assessment - Issues related to Real Estate Sector

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 163
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Income Tax Assessment - Issues related to Real Estate SectorThe real estate business in India stands at second number after agriculture in terms of employment. The real estate sector’s contribution to the countryâ...

The term ‘Sufficient cause’ - Certain ratios laid down by the Court

Author
Ram Dutt Sharma
09/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 200
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The term ‘Sufficient cause’ - Certain ratios laid down by the CourtThe term ‘Sufficient cause’ seems to have a wide and comprehensive import. Whether or not the furnished reason would constitute a sufficient caus...