Tuesday, September 10, 2019

Amendment by FA, 2017 to clarify that deduction u/s 10AA shalln't exceed total income has no retro effect

INCOME TAX: Amendment to section 10AA takes effect only from 1-4-2018

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

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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...