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taxgrid started the topic What is the prescribed form in which report of audit under section 142(2A) is to be furnished? in the forum Income Tax Queries 3 years, 8 months ago
Rule 14A of Income-tax rules, 1962 provides that
“The report of audit of the accounts of an assessee which is required to be furnished under sub-section (2A) of section 142 shall be in Form No. 6B”
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Pranika Garg became a registered member 3 years, 8 months ago
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taxgrid started the topic In which case capital gain will arise even without transfer of asset? in the forum Income Tax Queries 3 years, 8 months ago
As per section 45(1A), in the cases where profits or gains arises from insurance claims resulting due to damage or destruction of property, there will be capital gains liability. This liability arises, even if no asset has been transferred as such.
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sandip sukul became a registered member 3 years, 8 months ago
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