Income TaxBy depositing Rs. 2, 00,000/- in NPS, whether entire amount can be claimed as deduction under Chapter VI-A31 Jul 20190By depositing Rs. 2, 00,000/- in NPS, whether entire amount can be claimed as deduction under Chapter VI-A QUERY: I…
IT JudgementMerely for the reason that parties did not appear before AO or the assessee could not produce parties in person before AO, the whole set of documents produced to prove genuineness of transactions, could not be disregarded.31 Jul 20190Merely for the reason that parties did not appear before AO or the assessee could not produce parties in person…
Income TaxIncome Tax Department clarifies on the suicide note by CCD Founder V.G.Siddhartha blaming attachment by income tax official for harrassmmet31 Jul 20190Income Tax Department clarifies on the suicide note by CCD Founder V.G.Siddhartha blaming attachment by income tax official for harrassmmet…
GSTTrial run of Offline Tool of New Return of GST, for familiarisation & feedback by the taxpayers31 Jul 20190Trial run of Offline Tool of New Return of GST, for familiarisation & feedback by the taxpayers Subject: Trial run…
IT JudgementAddition under section 68 for cash deposit in bank account out of opening balance31 Jul 20190Addition under section 68 for cash deposit in bank account out of opening balance Short Overview : As assessee had duly…
IT JudgementWelcome Judgement by Supreme Court : ITC to be given to the purchaser even if tax is not deposited by seller31 Jul 20194 CommentsWelcome Judgement by Supreme Court : ITC to be given to the purchaser even if tax is not deposited by…
Income TaxAttachment of shares by income tax Department – Reason behind suicide of Owner of CCD chain30 Jul 20190Attachment of shares by income tax Department – Reason behind suicide of Owner of CCD chain
Income TaxFlat booking with builder is to be treated as ‘Construction’ for claiming deduction benefit under section 54.30 Jul 20190Flat booking with builder is to be treated as ‘Construction’ for claiming deduction benefit under section 54. ITA No. 5899/DEL/2015),…
IT JudgementPCIT vs. Paramshakti Distributors Pvt. Ltd (Bombay High Court)30 Jul 20190PCIT vs. Paramshakti Distributors Pvt. Ltd (Bombay High Court) IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL…
Income TaxFailure to deposit installment within prescribed time in Income Declaration Scheme, 2016 & Condonation of delay on account of personal reason30 Jul 20190Failure to deposit installment within prescribed time in Income Declaration Scheme, 2016 & Condonation of delay on account of personal…
IT JudgementBusiness deduction under section 36(1)(ii) towards Bonus or commission if recipient director having held shares for some period during the year30 Jul 20190Business deduction under section 36(1)(ii) towards Bonus or commission if recipient director having held shares for some period during the…
IT JudgementSec. 80-IB deduction couldn’t be allowed subsequently if same wasn’t claimed in ITR filed by assessee29 Jul 20190 Sec. 80-IB deduction couldn’t be allowed subsequently if same wasn’t claimed in ITR filed by assessee INCOME TAX : Where…
IT JudgementDeduction under section 80-IA on Value of electricity provided to sister concerns, which was generated in assessee’s own captive plant29 Jul 20190Deduction under section 80-IA on Value of electricity provided to sister concerns, which was generated in assessee’s own captive plant…
Income TaxApplicability of Tax deduction at source under section 195 on Payment made to foreign parties towards supply of equipments if title in goods passed outside India29 Jul 20190Applicability of Tax deduction at source under section 195 on Payment made to foreign parties towards supply of equipments if…
Income TaxGold at all time High- Know its taxation29 Jul 20190Gold at all time High- Know its taxation Where gold speaks every tongue is silent- Proverb Gold prices are at…
IT JudgementLast year, my turnover was Rs. 1.15 Crore & was covered by presumptive taxation. Whether TDS provision applicable for this year?27 Jul 20190Last year, my turnover was Rs. 1.15 Crore & was covered by presumptive taxation. Whether TDS provision applicable for this…
IT JudgementBusiness deduction under section 36(1)(va)–Employee’s contribution to Provident fund27 Jul 20190Business deduction under section 36(1)(va)–Employee’s contribution to Provident fund CASE LAW DETAILS CASE NAME: High Volt Electricals (P.) Ltd. Vs…
IT JudgementEmployee’s contribution to Provident fund & applicability of amended Section 43B on employees contribution27 Jul 20190Employee’s contribution to Provident fund & applicability of amended Section 43B on employees contribution High Volt Electricals (P.) Ltd. v.…