WebDisallowance of interest expense - interest expense not attributable to the business shown u/s 44AD - claiming separate deduction under section 57(iii) - As abundantly clear that expenditure incurred by the assessee for the purpose of earning the income, under the head “income from other sources” should be allowed as a deduction under ... WebA mining company operates a large heap-leach gold mine in the western United States. The gold mined at this location consists of ore that is very low grade, having about 0.0032 0.0032 0.0032 ounce of gold in 1 1 1 ton of ore. The process of heap-leaching involves the mining, crushing, stacking, and leaching of millions of tons of gold ore per year.
Rectification for Addition of Income under clause 16(d) of …
WebAnswer: The set of all sets of 4 numbers that add up to 28. Unfortunately, there are infinitely many members of that set. But still I can define every set of 4 numbers. Here it is: … Webvarious contracts undertaken by the assessee to be divided into three parts i.e. supply, rental and services. The assessing officer required the assessee to file reply to the following queries: (i) What is the basis of claim the benefits of Sec. 44BB. (ii) Furnish the copies of all contracts entered by you through chemical shelf life determination
Profits and Gains of Business or Profession - WIRC-ICAI
Web28. Insertion of new section 44DA.-. After section 44D of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2004, namely:-'44DA. … WebFeb 1, 2024 · Section 44ADA offers a scheme of presumptive taxation of profits and gains arising from professions mentioned under Section 44AA (1) of the Income Tax Act, 1961. The benefit of section 44ADA can be taken only by those specified professionals whose annual gross receipts are under Rs 50 lakh. Budget 2024 Update WebAddition u/s 44DA - PE/Business Connection of the assessee - scope of phrase 'effectively connected with' - the assessee has offered the fee for technical services on gross basis … flight baltimore to cheyenne wy