IDBI Bank Suvidha Tax Saving Fixed Deposit IDBI Bank Suvidha Tax Saving Fixed Deposit From Download The IDBI Bank Suvidha Tax Saving Fixed Deposit allows Indian residents to claim tax deductions under Section 80C of the Income Tax Act. [1, 2] Claim Tax Benefits Section 80C: Invest up to ₹1.5 Lakh per financial year to… Read More »
IDBI Bank Fixed / Recurring Deposit Form ( for existing Customers ) IDBI Bank Fixed / Recurring Deposit Form ( for existing Customers ) Download The key points from the IDBI Bank Fixed / Recurring Deposit Form for Existing Customers are structured below for quick scanning: Core Deposit Types Available Fixed Deposits: Simple Fixed Deposit,… Read More »
IDBI Bank Account Opening Form for Non Individuals IDBI Bank Account Opening Form for Non Individuals from Download The key points from the IDBI Bank Account Opening Form for Non-Individuals are organized below for quick scanning: Core Application Rules Writing Format: Must be filled strictly using CAPITAL LETTERS and BLACK INK only (Account-Op… p. 1).… Read More »
IDBI Bank Application form for Deletion of Accounts Grouped under Kutumb Family Banking IDBI Bank Application form for Deletion of Accounts Grouped under Kutumb Family Banking Download The key points from the IDBI Bank “Kutumb” Family Banking account deletion request form are structured below for quick review: Core Purpose Removing Accounts: This form is used… Read More »
IDBI Bank Application form for Grouping / Addition of Accounts under Kutumb Family Banking IDBI Bank Application form for Grouping / Addition of Accounts under Kutumb Family Banking Download The key points from the IDBI Bank “Kutumb” Family Banking grouping application form are structured below for quick review: Core Purpose Combined Balance Benefits: Allows multiple… Read More »
Long-term capital losses can be set off against capital gains arising from depreciable assets. Issue Whether the deeming fiction under section 50, which treats gains from depreciable assets as short-term capital gains, converts the underlying long-term asset into a short-term asset, thereby barring the set-off of current year and brought forward long-term capital losses under… Read More »
Reassessment order is invalid as a mere change of opinion on already examined cash deposits. Issue Whether the reassessment proceedings and subsequent addition under section 69A of the Income-tax Act, 1961 were valid when the specific issue of cash deposits had already been examined and accepted during the original assessment under section 143(3). Facts For… Read More »
Cash deposits are fully explained by a co-owner’s accepted advance and verified bank withdrawals Issue Whether a Section 69A addition for unexplained cash deposits totaling ₹48 lakhs can be sustained when a co-owner’s tax proceedings have already validated the primary source of the funds and the remaining deposits are backed by documented bank withdrawals. Facts… Read More »
Reassessment order must be quashed if the Assessing Officer fails to consider the assessee’s replies Reassessment order must be quashed if the Assessing Officer fails to consider the assessee’s replies Issue Whether an order passed under Section 148A(3) and a consequential reassessment notice under Section 148 are legally sustainable if the Assessing Officer fails to… Read More »
Foreign exchange gains are operating income, and expense allocation must follow gross profit margins Issue Whether the Transfer Pricing Officer (TPO) is legally justified in treating business-related foreign exchange gains as non-operating income, modifying common expense allocations from gross profit to turnover basis, and eliminating comparables without persistent losses under the Transactional Net Margin Method… Read More »