Deduction u/s 54 can not be denied if the amount has been utilized on or before the due date u/s 139(4): ITAT, Cuttack

ITO Puri Vs. Leelavati Paattamahadei It is held that the deduction u/s.54 of the I.T.Act, 1961 will be available to the appellant if the payments are made on or before the due date as per section 139(4) of the I.T. Act, 1961 and not as per section 139(1) as objected by the AO. In this…


Crypto Currency – Bitcoins

What is Crypto currency/ Bitcoins Bitcoins is a crypto currency or you can say that it is a virtual currency which is not an official currency by any country in the world. There is no government control by any country on Bitcoins. Perhaps that’s why you can hide Bitcoins from the any country’s government and…