House properyIncome TaxNo exemption u/s 54B if new agricultural land was purchased prior to sale of old agriculture land11 Dec 20180No exemption u/s 54B if new agricultural land was purchased prior to sale of old agriculture land Facts: 1. The…
GSTDeveloper liable to pay GST on value of building constructed & handed over to land owner under JDA11 Dec 20180Developer liable to pay GST on value of building constructed & handed over to land owner under JDA The applicant…
IT JudgementExplanation cannot override the law11 Dec 20180Judgment with reference to section 263 of IT ACT-1961 is worth reading which concluded that Explanation cannot override the law M/S.…
IT JudgementSection. 10(38) Bogus long-term gains from penny stocks: The transaction cannot be treated as bogus until and unless a finding is given that the shares were acquired by the assessee from the person other than the broker claimed by the assessee.11 Dec 20180Pramod Kumar Lodha vs. ITO (ITAT Jaipur) S. 10(38) Bogus long-term gains from penny stocks:The transaction cannot be treated as…
Income TaxScheme of Processing of Returns (Section 143(1)11 Dec 20180Scheme of Processing of Returns (Section 143(1) Where a return has been made under section 139, or inresponse to a…
Income TaxTax Bonaza- for investing in National Pension Scheme (NPS)11 Dec 20180Tax Bonaza- for investing in National Pension Scheme (NPS) For the tax payer it is a very great news that…
Income TaxSection 143(2) notice wasn’t required in case no return was filed in response to section.148 notice.11 Dec 20180Section 143(2) notice wasn’t required in case no return was filed in response to section.148 notice. Facts: Assessee-company filed its…
IT JudgementAn assessee cannot be treated as a co-operative society meant only for its members and providing credit facilities to its members if it has carved out a category called ‘nominal members’.11 Dec 20180An assessee cannot be treated as a co-operative society meant only for its members and providing credit facilities to its…
GSTSame premises with a Restaurant and Sweets sale unit – GST Implication – Whether composite Supply?11 Dec 20180Same premises with a Restaurant and Sweets sale unit – GST Implication – Whether composite Supply? In case of sweet…
GSTA Brief summary of Scope of GST Audit:11 Dec 20180A Brief summary of Scope of GST Audit: AUDIT Check Points: GST Registration:Review of GST Registration Certificate and Amendment of…
Income TaxRecent amendments related to PAN11 Dec 20180Recent amendments related to PAN Some amendments to PAN application forms have been announced recently and shall be effective from…
other topicMedicines, consumables and implants used in the course of providing health care services to in-patients for diagnosis or treatment would be considered as “Composite Supply”11 Dec 20180Medicines, consumables and implants used in the course of providing health care services to in-patients for diagnosis or treatment would…