Grounds For Allowing A Tax Deduction For Employee Share Incentives

Notwithstanding anything to the contrary contained in sections 28 to 43C, in the case of an eligible assessee engaged in an eligible business, a sum equal to 8% of

May be brought to tax net under this section.. AO may assess or reassess an income which is chargeable to tax and escaped assessment other than incomes.. involving matters which

• Time Limit : (a) Within 4 years from the end of financial year in which order sought to be rectified is passed (b) when application made by assessee - within 6months from the

Therfore a deferred Tax Asset will be created for such timing diff which will be realised in the Future period when tax savings as per tax laws will be more.. Similarly another

 Loss of sale of business capital assets to be treated as intangible assets on which depreciation will be allowed ... 28.

Capital gains arising from sale of units of an equity-oriented fund, which are held for more than one year, shall be computed after allowing a deduction at a specified percentage

 The income from letting of any house property owned by any person shall be computed under the head “Income from house property”..  *Subsection 1 of section

municipal rental value, fair rental value, standard rental value will be reduced propotionetely according to the period for which the property is owned by the assessee.. If