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Formation, Management and Taxation of Partnership Firm

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 371
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Formation, Management and Taxation of Partnership FirmA Partnership is a common vehicle in India for carrying on business activities on a small or medium scale. Partnership is the relationship between persons who have ag...

Cases where revision order under Section 263 of the Income Tax Act, 1961 was upheld

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 186
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Cases where revision order under Section 263 of the Income Tax Act, 1961 was upheldIn the following instances, the revision under Section 263 was held to be valid :Commissioner can assume jurisdiction under section 263 d...

TDS from payments to contractors & Sub-Contractors [Section 194C]

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 189
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TDS from payments to contractors & Sub-Contractors [Section 194C]Section 194C was introduced long back in 1972 by the Finance Act, 1972 with effect from 01.04.1972 and subsequently amended from time to time.Under sec...

Allowability of Expenditure incurred wholly and exclusively in connection with transfer of capital asset [Section 48(i)]

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 547
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Allowability of Expenditure incurred wholly and exclusively in connection with transfer of capital asset [Section 48(i)]Expenditure incurred wholly and exclusively in connection with the transfer of a capital asset is de...

Landmark Judgments of Supreme Court on Law of Limitation

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 187
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Landmark Judgments of Supreme Court on Law of LimitationThe ‘Law of Limitation’ prescribes the time-limit for different suits within, which an aggrieved person can approach the court for redress or justice. The suit,...

Procedure where an identical question of law is pending before High Courts or Supreme Court [Section 158AB]

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 179
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Procedure where an identical question of law is pending before High Courts or Supreme Court [Section 158AB]The pendency of appeals at various judicial fora has been a grave concern for the taxpayers and tax adm...

Income of other Persons included in Assessee’s Total Income as per provisions of Section 60 to 64 of the Income Tax Act, 1961

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 295
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Income of other Persons included in Assessee’s Total Income as per provisions of Section 60 to 64 of the Income Tax Act, 1961Generally, an assessee is taxed on income accruing to him only and he is not liable to tax fo...

75 Landmark Judgements on Section 271D of the Income Tax Act, 1961 [Penalty for failure to comply with the provisions of section 269SS]

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 455
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75 Landmark Judgements on Section 271D of the Income Tax Act, 1961 [Penalty for failure to comply with the provisions of section 269SS] SLP dismissed as withdrawn against High Court’s ruling that where assessee fa...

Handling the cases of Bogus Capital Gains from Penny Stocks

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 172
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Handling the cases of Bogus Capital Gains from Penny StocksWhat are penny stocks?Penny stocks is not defined under the Income-tax Act or for that matter in any of the statute books. The term penny stock as defined in Bla...

Evolution of Direct Tax laws in India

Author
Ram Dutt Sharma
08/05/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 136
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Evolution of Direct Tax laws in IndiaIn India, Direct taxes have been levied in India for centuries. The system of direct taxation as it is known today has been in force in one form or another even from ancient time...