GSTImporting Invoices from e-Way Bill System into Form GSTR-1 – Reg5 Feb 20190Importing Invoices from e-Way Bill System into Form GSTR-1 – Reg SUBJECT: Importing Invoices from e-Way Bill System into Form…
GST JudgementGST under Affordable housing project5 Feb 20190GST under Affordable housing project (The Ideal Construction-AAR) Facts of the case: The ideal construction is a partnership firm…
IT JudgementBeware !! Agricultural land whether held as capital asset or stock-in-trade is covered under ambit of sec. 56(2)(vii)(b)5 Feb 20190Beware !! Agricultural land whether held as capital asset or stock-in-trade is covered under ambit of sec. 56(2)(vii)(b) Facts: a)…
Income TaxValidity of reassessment on the basis of information of shell companies5 Feb 20190Validity of reassessment on the basis of information of shell companies Where assessee filed his return claiming capital gain…
Budget9 Tax proposal in the Interim Budget -20195 Feb 201909 Tax proposal in the Interim Budget -2019 All the changes proposed in the interim budget are as follows: …
Income TaxLoans written off – Amount in respect of which there was no allowance or deduction claimed by assessee amounted to capital receipt not liable to tax u/s 41(1)5 Feb 20190Loans written off – Amount in respect of which there was no allowance or deduction claimed by assessee amounted to…
IT JudgementPurchase of semi finished apartment within period prescribed time and admissibility exemption under sec. 54F5 Feb 20190Purchase of semi finished apartment within period prescribed time and admissibility exemption under sec. 54F Conclusions: Where assessee entered into…
IT JudgementNo tax as revenue receipts if shares are held by trust in fiduciary capacity and trust had acted as mere SPV of settler company: HC5 Feb 20190No tax as revenue receipts if shares are held by trust in fiduciary capacity and trust had acted as mere…
BudgetActual benefit to flow to Individuals earning beyond Rs. 5 Lakh also5 Feb 20190Actual benefit to flow to Individuals earning beyond Rs. 5 Lakh also Individuals earning even between ₹8 to 10 lakh…
Income TaxTehsildar letter that there is no cultivation carried on the lands as per the land records is not conclusive for treating it as Non Agricultural5 Feb 20190Tehsildar letter that there is no cultivation carried on the lands as per the land records is not conclusive for…
GSTGST – Anti-profiteering – Allegation that certain major manufacturers of FMCG have not passed on the benefit of reduction in the GST rate5 Feb 20190GST – Anti-profiteering – Allegation that certain major manufacturers of FMCG have not passed on the benefit of reduction in…
Income TaxCBDT notofiesscheme for centralized issuance of notice and for processing of information or documents5 Feb 20190CBDT notofiesscheme for centralized issuance of notice and for processing of information or documents Central Board of Direct Tax (CBDT)…
BudgetBenefit of capital gain exemption for two Houses in Budget 20195 Feb 20190Benefit of capital gain exemption for two Houses in Budget 2019 An individual can declare two houses as self-occupied instead…
GSTJubilant foods held guilty of not sharing GST slice with customers5 Feb 20190Jubilant foods held guilty of not sharing GST slice with customers Jubilant FoodWorks, the operator of Dominos Pizza chain in…
TDSRepercussion of delay in TDS payment5 Feb 20190Repercussion of delay in TDS payment The deduction of tax at source or TDS has been very helpful in the…