RERA - CBDT - income tax exemption - Taxscan

CBDT notifies Income Tax Exemption to RERA [Read Notification]

The Central Board of Direct Taxes (CBDT) on Thursday notified income tax exemption to  ‘Real Estate Regulatory Authority(RERA)’, constituted by Government in the exercise of powers conferred under Section 20(1) of the Real Estate (Regulation...

Closing Allowance - Disallowance - Taxscan

Disallowance under section 40A(3) – Whether Automatic?

Introduction Section 40A of the Income Tax Act, 1961 was inserted by the Finance Act, 1968 w.e.f. 01st April 1968 provides for disallowance of expenses or payments not deductible in certain circumstances while computing the...

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