Daily Archives: August 1, 2015

Carry forward of loss due to Assessment

By | August 1, 2015

Question: when the Assessee filed the income tax return after the Prescribed period u.s 139 (1) and declared the income but in the Assessment proceedings loss has been determined by the Assessing Officer , Whether the Assesse can carry forward the Loss in view of the provision that as per Section 80 of the Act, the benefit… Read More »

RTI income tax return Can not be Disclosed

By | August 1, 2015

Right to Information, RTI income tax return  Question:  Whether details disclosed by a person in his income-tax returns are personal information  which can not be disclosed under Right to Information Act ?   Answer ; Details disclosed by a person in his income-tax returns are ‘personal information’ which stand exempted from disclosure under clause (j) of section 8(1) But if the… Read More »

condonation of delay

By | August 1, 2015

Question : Whether the length of delay is relevant for considering the application for condonation of delay ? Answer : No, The length of delay is not relevant for considering the application for condonation of delay. What is relevant is as to whether a party seeking condonation of delay has made out a case of… Read More »

No tds on sale of agricultural land

By | August 1, 2015

No tds on sale of agricultural land Question Whether the assessee is required to inspect the fields and find out whether the lands are actually cultivated or not  before deciding it a agriculture land and hence Not liable for TDS ? Answer : No, The language of section 194LA being plain and simple it provides no physical… Read More »