Income TaxDATE RELEVANT FOR THE PURPOSE OF LTCG U/S 54 OF INCOME TAX ACT, 196114 Feb 20190DATE RELEVANT FOR THE PURPOSE OF LTCG U/S 54 OF INCOME TAX ACT, 1961 Long term capital arises on transfer…
Income TaxIT Commissioner awarded 7 years Rigorous Imprisonment14 Feb 20190IT Commissioner awarded 7 years Rigorous Imprisonment
Income TaxDEDUCTION TOWARDS MEDICLAIM EXPENSES – ALL ABOUT SECTION 80D14 Feb 20190DEDUCTION TOWARDS MEDICLAIM EXPENSES – ALL ABOUT SECTION 80D Deduction Under Section 80D in respect of Medical Insurance Premium (Mediclaim) paid to…
Income TaxCash transactions not allowed as per Income Tax Departmen14 Feb 20190Cash transactions not allowed as per Income Tax Departmen There are penalty and fine for certain transactions if done in…
IT JudgementSilver: Within limit of Instruction No. 1916 to be deleted14 Feb 20190Silver: Within limit of Instruction No. 1916 to be deleted An interesting judgement was delivered by ITAT Indore In the…
Income TaxBorrowed mount invested in shares is irrelevant in determining whether income is a business income or capital gain income14 Feb 20190Borrowed mount invested in shares is irrelevant in determining whether income is a business income or capital gain income PCIT…
Income TaxSurprising revelation by CAG – 95% of the developers in 12 states don’t have PAN14 Feb 20190Surprising revelation by CAG – 95% of the developers in 12 states don’t have PAN
GSTGet, Set & Go: New Direct Tax Code and GST Council Meeting ahead14 Feb 20190Get, Set & Go: New Direct Tax Code and GST Council Meeting ahead Before Code of Conduct becomes operative prior…
Income TaxSuspicious income tax refund claims under I-T Dept scanner14 Feb 20190Suspicious income tax refund claims under I-T Dept scanner Suspicious income tax refund claims have gone up in last three…
GSTVALUATION OF DEEMED TRANSACTION UNDER GST14 Feb 20190VALUATION OF DEEMED TRANSACTION UNDER GST There are certain transaction for which even though consideration is not received will be…
GSTComplete guide on Refund in case of “Deemed Export”14 Feb 20190 Complete guide on Refund in case of “Deemed Export” As we have already discussed in our precious article regarding…
IT JudgementBank statement not sufficient to prove the genuineness and creditworthiness14 Feb 20190Bank statement not sufficient to prove the genuineness and creditworthiness Merely by showing receipt of cheque or statement of bank…
IT JudgementA welcome Judgement -Attachment of bank accounts lifted provided monies are utilised entirely for petitioner’s catering business and not diverted to any personal account: High Court14 Feb 20190A welcome Judgement -Attachment of bank accounts lifted provided monies are utilised entirely for petitioner’s catering business and not diverted…
IT JudgementEnhanced income resulting due to change in method of accounting, rather than concealment, does not merit penal consequences upon taxpayer: HC14 Feb 20190Enhanced income resulting due to change in method of accounting, rather than concealment, does not merit penal consequences upon taxpayer:…
Income TaxCapital Gain exemption available even if amount not deposited in Capital Gain Deposit Account Scheme14 Feb 20190Capital Gain exemption available even if amount not deposited in Capital Gain Deposit Account Scheme Where assessee received compensation on…