Income TaxITC of FY 2017-18 can be availed now!!31 Aug 20190ITC of FY 2017-18 can be availed now!! “Input Tax” in relation to a taxable person, means the Goods and…
Latest UpdateStep by Step Guide on Sabka Vishwas -(Legacy Dispute Resolution Scheme-2019.31 Aug 20190Step by Step Guide on Sabka Vishwas – (Legacy Dispute Resolution Scheme-2019.) Step by Step Guide on Sabka Vishwas -(Legacy…
Latest UpdateInteresting Ruling : Salwar / Churidhar sets, comprising of three pieces of cloths is to be classified as “Fabrics” or “articles of apparel and made up”?31 Aug 20190Interesting Ruling : Salwar / Churidhar sets, comprising of three pieces of cloths is to be classified as “Fabrics” or…
IT JudgementHC through an interim order allowed assessee to manually rectify Form GSTR-3B31 Aug 20190HC through an interim order allowed assessee to manually rectify Form GSTR-3B Panduranga Stone Crushers v. Union of India –…
GSTChemical fertilizer ‘Single super phosphate’ exported out of India is taxable @ 18% GST31 Aug 20190Chemical fertilizer ‘Single super phosphate’ exported out of India is taxable @ 18% GST Sai Fertilizers (P.) Ltd., In re…
Income TaxIT JudgementValidity of assessment under section 153C if there is Non-recording of satisfaction by AO of searched person30 Aug 20190Validity of assessment under section 153C if there is Non-recording of satisfaction by AO of searched person Short Overview: As…
Income TaxIT JudgementIt is obligatory on AO|s part to consider such ‘Notes’ while determining the book profit under section 115JB.30 Aug 20190It is obligatory on AO|s part to consider such ‘Notes’ while determining the book profit under section 115JB. Short Overview:…
Income TaxIT JudgementIncreased limitation period of seven years under section 201(3), as amended by Finance (No. 2) Act, 2014, with effect from 1-10-2014, would not apply retrospectively30 Aug 20190Increased limitation period of seven years under section 201(3), as amended by Finance (No. 2) Act, 2014, with effect from…
Income TaxIT JudgementValidity of Penalty under section 271AAA if amount surrendered is not treated as undisclosed income30 Aug 20190Validity of Penalty under section 271AAA if amount surrendered is not treated as undisclosed income Short Overview: As AO accepted…
Income TaxIT JudgementNo penalty if assessee was in bona fide belief that purchase of new property was within time limit30 Aug 20190No penalty if assessee was in bona fide belief that purchase of new property was within time limit ITO v.…
House properyIncome TaxIncome from let out of ‘premises only’ is taxable under the head ‘Income from House Property’30 Aug 20190Income from let out of ‘premises only’ is taxable under the head ‘Income from House Property’ Short Overview: In the…
Income TaxLatest Update2nd Date Extension for ITR Return filing : Fake message in circulation30 Aug 201902nd Date Extension for ITR Return due date: Fake message in circulation. There is no official notification as of now.…
Income TaxIT JudgementValidity of Penalty under section 271AAB—Leviability if no specific charge mentioned in notice initiating penalty proceedings30 Aug 20190Validity of Penalty under section 271AAB—Leviability if no specific charge mentioned in notice initiating penalty proceedings Short Overview: Where notice…
GSTClassification of goods & rate of tax on Supply of printed packaging materials30 Aug 20190Classification of goods & rate of tax on Supply of printed packaging materials 2019 TaxPub(GST) 0597 (AAR-Maha) IN THE…
IT JudgementNow, AP HC permits rectification of 3B filed !29 Aug 20190Now, AP HC permits rectification of 3B filed ! Now, AP HC permits rectification of 3B filed !
IT JudgementAnother Judgment : Holding period for computation of capital gain need to be considered from the date of allotment29 Aug 20190Another Judgment : Holding period for computation of capital gain need to be considered from the date of allotment Short…
Latest UpdateReview Petition in AP High Court on Gross Liability29 Aug 20190Review Petition in AP High Court on Gross Liability – Mega Engineering Co Ltd Review Petition in AP High Court…
GSTIncome TaxImportant Clarification on “Sabka Vishwas Legacy Dispute Scheme”29 Aug 20190Important & critical issues clarified by New circular on “Sabka Vishwas Legacy Dispute Scheme” by the GST Department. Sabka Vishwas…