Income TaxSection 43(5) CBDT Notifies Trading in Derivatives on National Stock Exchange(NSE)30 Nov 20190Section 43(5) CBDT Notifies Trading in Derivatives on National Stock Exchange(NSE) notification_no_100_2019
Income TaxCompliance Calendar for December -201930 Nov 20190Compliance 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-est30 Nov 20190Power 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 LTCG30 Nov 20190Since 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 expenditure30 Nov 20190Where 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 business30 Nov 20190Providing 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 ?30 Nov 20190Another 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.30 Nov 20190Disallowance 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 201930 Nov 20190All 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 ?30 Nov 20190Whether 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,2013.29 Nov 20190Director 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 rates29 Nov 20190In 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 evidence29 Nov 20190CHARTERED 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 2329 Nov 20190Property 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.29 Nov 20190Assessment 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 expenditure29 Nov 20190Interesting 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 motive29 Nov 20190The 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 Return29 Nov 20190Easy Guide to file Revised Income Tax Return File_Revised_Return