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2013-14: FAQs on Income-tax Returns

22-07-2014

Return of income can be filed in paper mode or in e-filing mode. If return of income is filed through electronic mode, then the assessee has following two...

Related Story :Key Takeaways in new ITR Forms

Interest on loan taken against FDRs held allowable as it was incurred exclusively to keep intact income from FDRs

22-07-2014

IT: In order to protect interest earnings from fixed deposits and to meet her financial needs, when an assessee raises a loan against the fixed deposits,...

Trust can avail of depreciation on asset even if sum incurred on its acquisition is claimed as application of income

22-07-2014

IT : A trust registered under section 12A, can claim depreciation on assets of which cost has already been allowed as application of income

 
 
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