Source- ICAI MTP PAPER 6C April’22 Equalisation levy is governed by Finance Act. Hence it won’t get affected by DTAA provisions ( when we determine more beneficial provisions out of DTAA & IT Act, 1961). Ans to MCQ no 4 is (d). ...
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As per BB sir, 80RRB cannot be claimed against income taxable as per 115BBF but as per VG Sir, it can be claimed. As per sec 115BBF, expenses are not allowed to deducted but 80RRB is income-based deduction. Didn’t find ...
Dear Sir, Sec 142(1) , AO may require the assessee to file his Return of Income (ROI), if he has not filed his ROI. Query- In which situation can AO ask to file ROI ? 2) U/s 143 -Time limit for issue ...
In the image below, what if the income is offered to tax (in india) before the dispute in relation to foreign tax paid is settled. Will FTC allowed? The line here does not mentions about this position it simply states ...
Section 7 mentions that ‘amount transferred from URPF to RPF will be deemed to be received in India’. Because of this it will become Indian income and therefore will be taxable in the hands of NR , ROR and RNOR. ...