Indian Bank Annexure to Account Opening Form for Resident Individuals Indian Bank Annexure to Account Opening Form for Resident Individuals from Download The provided document is an Annexure to the Account Opening Form for Resident Individuals for Indian Bank (Annexure-t… p. 1). It captures specific customer consents and declarations across three main categories: 1. Aadhaar… Read More »
Indian Bank Details of Related Person and FATCA Declaration Indian Bank Details of Related Person and FATCA Declaration Form Download The provided document contains two distinct sections: Annexure-2 (Details of Related Person) and the FATCA Declaration Form. Here are the key points for both: 1. Details of Related Person (Annexure-2) Purpose: This section is used… Read More »
Indian Bank Form 97 Indian Bank Form 97 from Download The provided document details the structure, rules, and requirements for Form No. 97, which is a statutory declaration filed by individuals (or specific non-corporate entities/foreign companies) who do not possess a Permanent Account Number (PAN) when executing financial transactions (Annexure F… p. 1). 1. Core… Read More »
Indian Bank KYC REQUIREMENTS FOR DIFFERENT TYPES OF CUSTOMERS Indian Bank KYC REQUIREMENTS FOR DIFFERENT TYPES OF CUSTOMERS From Download The provided document outlines the Know Your Customer (KYC) mandates and official guidelines for various types of account holders (KYC-REQUIR… p. 1): 1. Individual Customers Aadhaar Rules: Biometric authentication and submission are mandatory only for… Read More »
Indian Bank Deposit Account Opening Form Individual Indian Bank Deposit Account Opening Form Individual from Download The Indian Bank individual deposit account opening form (Part-II) covers several key operational rules, features, and account options (pp. 1-2): 1. Account Types Covered Savings Bank Accounts: Standard Savings Accounts, Basic Savings Bank Deposit Accounts (BSBDA), and BSBDA Small… Read More »
An asset transferred via a slump sale cannot be isolated and taxed again upon registration. Issue Whether the revenue department can separately tax the subsequent registration of a conveyance deed for an immovable property under Section 50C in a later assessment year, when that specific asset was already transferred and taxed as part of a… Read More »
An asset transferred via a slump sale cannot be isolated and taxed again upon registration. Issue Whether the revenue department can separately tax the subsequent registration of a conveyance deed for an immovable property under Section 50C in a later assessment year, when that specific asset was already transferred and taxed as part of a… Read More »
Capital gains depend on actual possession, while arbitrary valuation averaging is completely legally invalid. Issue Whether capital gains tax is triggered by an unregistered agreement without parting with possession or only upon the final registered transfer of physical possession. Whether arbitrary mathematical averaging of conflicting valuations by appellate authorities and ignoring taxpayer objections by the… Read More »
Sales tax incentive received as a capital receipt is excluded from normal income and Section 115JB book profits. Issue Whether a recurring sales tax incentive/subsidy received by the assessee constitutes a non-taxable capital receipt that must be excluded from both the regular income computation under Section 28(i) and the book profit computation under Section 115JB.… Read More »
Rental income constitutes house property income, while unverified interest claims require fresh adjudication remand. Issue Whether rental income from letting out fully furnished office premises is taxable under the head ‘Income from House Property’ or ‘Profits and gains of business or profession’ when GST is collected but no systematic business operations are undertaken. Whether interest… Read More »