Have a question?
Send enquiry
Message sent Close

Income Tax Provisions

Excellent commerce point > Income Tax Provisions
Provision for Filing of Return of Income and Self-Assessment
17
Jun

Provision for Filing of Return of Income and Self-Assessment Question 1.Answer the following with regard to the provisions of the Income-tax Act, 1961 : Explain with brief reason whether the return of income can be revised u/s. 139(5) of the Income-tax Act, 1961 in following cases: Defective or incomplete return filed under Section 139(9). Belated […]

Posted in: ca intermediate notes ,
Tags: CA Exam Taxation , CMA Foundation Tax , Filing Due Dates , Income Tax Provisions , Income Tax Return Filing , IT Return Guide , Return of Income , Section 139 , Self-Assessment Procedure , Self-Assessment Tax , Tax Compliance India , Tax Penalties ,
Set-off and Carry Forward of Losses ​
16
Jun

Set-off and Carry Forward of Losses Question 1.Mr. P a resident individual, furnishes the following particulars of his income and other details for the previous year 2020-21 : Income from salary ₹ 18,000 Net annual value taxable under income from house property ₹70,000 Income from business ₹ 80,000 Income from speculative business ₹ 12,000 Long […]

Posted in: ca intermediate notes ,
Tags: Adjusting Tax Losses , CA CMA Exam Prep , CA Foundation Taxation , Carry Forward Rules , CMA Foundation Income Tax , Income Tax Act , Income Tax Provisions , Loss Set-off Rules , Section 70 , Section 71 , Set-off and Carry Forward of Losses , Tax Planning ,