Thursday, August 30, 2018

No denial of credit if provision under which tax was deducted mentioned in TDS certificate issued by US Co.

IT/ILT : If resident of India derives income which may be taxed in US, then India has to allow deduction from tax on income of resident an amount equal to tax paid in US

from www.taxmann.com Latest Case Laws https://ift.tt/2C1atHJ

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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