Friday, 18 December 2020

Daily digest for Gupta Chandan & Associates, on December 18, 2020

posted: "INCOME TAX : Where loan amount was never claimed by assessee as expenditure, waiver of same could not amount to cessation of trading liability and was not chargeable to tax under section 41(1)INCOME TAX : Where loan amount was never claimed by assessee as"
posted: "INCOME TAX : Where assessee incurred foreign exchange fluctuation loss on foreign currency loan which was utilised by assessee for purchase of fixed assets, such loss was to be regarded as capital in nature not allowable under section 31(1)INCOME TAX : Wh"

No comments:

Post a Comment

Daily digest for Gupta Chandan & Associates, on February 23, 2026

Income Tax Forms as applicable from 1st April 2026. Old forms under income tax Act 1961 added for better search....