Tuesday, May 28, 2019

Standard deduction u/s 24 not allowable on rental income earned by charitable trust: Mumbai ITAT

IT: No deduction under section 24 was to be allowed where rental income derived by a charitable trust was computed under section 11

from www.taxmann.com Latest Case Laws http://bit.ly/2JJ23bb

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

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...