Income TaxSection 43(5) CBDT Notifies Trading in Derivatives on National Stock Exchange(NSE)6 years agoSection 43(5) CBDT Notifies Trading in Derivatives on National Stock Exchange(NSE) notification_no_100_2019
Income TaxCompliance Calendar for December -20196 years agoCompliance Calendar for December -2019 Chartered Accountant www.theTaxTalk.com Special Caution: 31st December 2019 Due date for…
IT JudgementPower of CIT(A) in respect of Fee under section 234E charged and cancelled holding TDS return as non-est6 years agoPower of CIT(A) in respect of Fee under section 234E charged and cancelled holding TDS return as non-est short overview…
IT JudgementSince Assessee has not tendered cogent evidence to explain as to how the shares in an unknown company had jumped to an higher amount in no time – It needs to be treated as Bogus LTCG6 years agoSince Assessee has not tendered cogent evidence to explain as to how the shares in an unknown company had jumped…
IT JudgementWhere Assessee is continuously in the business of exploration and production of oil, expenditure incurred by it on abandoned project is in normal course of its business and such expenditure is allowable as revenue expenditure6 years agoWhere Assessee is continuously in the business of exploration and production of oil, expenditure incurred by it on abandoned project…
IT JudgementProviding hostel and transport facility to students was incidental to achieve object of providing education & so is not in the nature of business6 years agoProviding hostel and transport facility to students was incidental to achieve object of providing education & so is not in…
Income TaxAnother Bonanza in the PipeLine : Bank Loan for Paying dues under Sabka Vishwas – Legal Disputes Resolution Scheme ?6 years agoAnother Bonanza in the PipeLine : Bank Loan for Paying dues under Sabka Vishwas – Legal Disputes Resolution Scheme ?
IT JudgementDisallowance of Interest Expenses on the ground that the borrowed funds were used for acquiring Shares of group Companies.6 years agoDisallowance of Interest Expenses on the ground that the borrowed funds were used for acquiring Shares of group Companies. Macintosh…
Income TaxAll about FastTag – Mandatory from 15th December 20196 years agoAll about FastTag – Mandatory from 15th December 2019 FastTag is a new mode of collecting Toll Tax. It will…
IT JudgementWhether any payment made for the purpose of Know-how acquired in process of manufacturing is a Revenue Expenditure or not ?6 years agoWhether any payment made for the purpose of Know-how acquired in process of manufacturing is a Revenue Expenditure or not…
Company LawDirector Identification Number (DIN) : A Mandatory requirement for all the directors as per Companies Act,2013.6 years agoDirector Identification Number (DIN) : A Mandatory requirement for all the directors as per Companies Act,2013. Director Identification Number (DIN)…
IT JudgementIn order to reduce the profit Purchases were made at the higher rate and Sales were at the lower rates6 years agoIn order to reduce the profit Purchases were made at the higher rate and Sales were at the lower rates…
Income TaxCHARTERED ACCOUNTANTS and Advocates are just facilitators for Tax compliance and cannot be liable for prosecution without any corroborative evidence6 years agoCHARTERED ACCOUNTANTS and Advocates are just facilitators for Tax compliance and cannot be liable for prosecution without any corroborative evidence…
House properyIncome TaxProperty used by the Assessee for the purpose of its business cannot be considered to be a vacant property as per section 236 years agoProperty used by the Assessee for the purpose of its business cannot be considered to be a vacant property as…
Income TaxAssessment made by A.O by making addition on the aspects of labour charges and sundry creditors.6 years agoAssessment made by A.O by making addition on the aspects of labour charges and sundry creditors. M/S S.D. Traders vs…
IT JudgementInteresting case beyond Normal Provision : Lease rentals agreed between the parties were so crafted that they substantially cover present fair value of equipment & cannot be allowed as Revenue expenditure6 years agoInteresting case beyond Normal Provision : Lease rentals agreed between the parties were so crafted that they substantially cover present…
IT JudgementThe claim for exemption cannot be said to have been established either on the principle of mutuality or on the principle of the absence of trade or profit motive6 years agoThe claim for exemption cannot be said to have been established either on the principle of mutuality or on the…
Income TaxEasy Guide to file Revised Income Tax Return6 years agoEasy Guide to file Revised Income Tax Return File_Revised_Return