Month: July 2018
Wonderful Judgement – For section 54F exemption, section 50C can be ignored: Jaipur ITAT
ITO vs. Raj Kumar Parashar (ITAT Jaipur) S. 50C/ 54F: If the assessee has invested the entire sale consideration in…
Time to be more alert. Tax exemption clause/ notification to be read strictly. If there is ambiguity, it must be interpreted in favour of revenue. Ratio of Sun Exports overruled by Supreme court !!
Very important SC decision delivered today by 5 members constitutional bench in the case of Dilip Kumar & Co Tax…
6 Amendments + 9 Insertions = Total 15 Changes in Tax Audit Report: Summary of Amendment
Tax Audit 3CD Revised! 6 Amendments + 9 Insertions = Total 15 Changes Summary of Amendments: 1. 4 – GSTIN…
No addition in respect of penny stock on the basis of human behavior in the case of Navneet Agarwal vs. ITO: ITAT Kolkata
No addition in respect of penny stock on the basis of human behaviour in the case of Navneet Agarwal vs.…
An interesting issue on post sales discount – AAR Maharashtra rules out GST refund for post-sales discounts
An interesting issue on post sales discount – AAR Maharashtra rules out GST refund for post-sales discounts In a setback…
Section 54 Relief not allowable when Builder returns Money for Flats Booked under Self-Finance Scheme : ITAT, Ahmedabad
Section 54 Relief not allowable when Builder returns Money for Flats Booked under Self-Finance Scheme: ITAT The Income Tax Appellate…
Filing the return of Deceased Tax payer – procedure for registration of Legal Heir
The process is little cumbersome but there is no other option but to follow the following Steps for Legal Heir Registration…
Adherence to prescribed time-line for issue of certificate of no deduction or deduction of tax at lower rate u/s 197 and 195 of the I.T. Act-1961: CBDT
F. No. 275/20/2018-IT(B) Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes New Delhi 26th,…
After you have filed your returns, check intimation u/s 143(1)
After you have filed your returns, check intimation u/s 143(1) With e-filing & e-processing of the data, everything is happening…
What is E-Form DIR-3? Why it is To Be Filed By 31 Aug By Directors In India?
India’s Ministry of Corporate Affairs (MCA) is having a busy year. After cracking down on shell companies and LLPs, they…
Whether profit on sale of Land can be adjusted against loss on sale of Shares?
Query – What is the latest rule of cap gains taxes in the budget for financial year 2018-19? Can long term capital…
If payment is permisdible according to Rule 6DD then AO made the addition u/s 40A(3) without rejecting the Books of Accounts
I-T – Additions cannot be made u/s 40A(3) sans rejecting books of account: HC AHMEDABAD, : THE ISSUE IS –…
Capital gain issues on surrender of Land (held as capital asset) in lieu of TDR, sale of TDR, applicability of section 50C in case of sale of TDR etc.
Query – Capital gain issues on surrender of Land (held as capital asset) in lieu of TDR, sale of TDR,…
Applicability of TDS Provision if rent payment per person is below Rs. 50,000/ but collectively exceeds Rs. 50,000/
Query: If monthly rent of an undivided property jointly owned by 4 people is 56000/- per month ( 14000 to…
Tax on Dividend from Foreign Company !
Tax on Dividend from Foreign Company ! Dividend income received from a foreign company Dividend from an Indian company is exempt from…
