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Income Tax Notification No. 34 /2013

Income-tax (3rd Amendment) Rules, 2013

Income-tax (3 rd Amendment) Rules, 2013, Income Tax Notification No. 34 /2013 dated 1st May 2013 S.O. 1111 (E).─ In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These […]


Speculative Transaction for Notified Recognized Stock Exchange Notification Issued On 25-2-2011

In exercise of the powers conferred by clause (ii) in the Explanation to clause (d) of the proviso to clause (5) of section 43 of the Income-tax Act, 1961, read with rule 6DDB of the Income-tax Rules, 1962, the Central Government hereby notifies the United Stock Exchange of India Limited as a recognized stock exchange […]


What do we mean by Return of Loss or when we are required to fill return of Loss under Income Tax Act

A return of loss may be submitted by the due date prescribed in section 139(1). The following losses cannot be carried forward if the return of loss is not submitted in time-     Business loss (speculative) Capital loss; or Owning and maintaining race horse’s loss. Notes: Such return shall be treated as a return u/s 139(1). […]