“Tax Discussion in the Parliament in this winter session on 25.11.2021”
“Tax Discussion in the Parliament in this winter session on 25.11.2021” GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE…
Month: November 2021
Acting Tough: Disciplinary action against 17 Chartered Accountants taken by ICAI
Acting Tough: Disciplinary action against 17 Chartered Accountants taken by ICAI THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set…
Be cautious: Recovery by Employer from Employee is liable for GST
Be cautious: Recovery by Employer from Employee is liable for GST An analysis of all AAR ruling may give an…
” PLI scheme for the Pharmaceutical Sector”
PLI scheme for the Pharmaceutical Sector “Worth Rs 15, 000 crore incentives for Pharma Industry” A Production-Linked Incentive, or PLI…
Validity of Assessment after special audit under section 142(2A) if Mechanical approval granted by CIT just to extend limitation under section 153(1)
Validity of Assessment after special audit under section 142(2A) if Mechanical approval granted by CIT just to extend limitation under section…
Unexplained creditors and addition u/s 68: Assessee had proved the payment through banking channels in the next year
Unexplained creditors and addition u/s 68: Assessee had proved the payment through banking channels in the next year Short Overview…
Bogus Purchases: Entire purchases could not be brought to tax but only the profit element could be brought to tax
Bogus Purchases: Entire purchases could not be brought to tax but only the profit element could be brought to tax Short Overview In…
Income Tax Department conducts search operations on two major real estate developers of Ludhiana
Income Tax Department conducts search operations on two major real estate developers of Ludhiana The Income Tax Department initiated search…
Know information which is shown in Annual Information Statement (AIS)
Know information which is shown in Annual Information Statement (AIS) Annual Information Statement (AIS) categories: The new Form 26AS…
Reassessment proceedings could not be held invalid merely on the reasoning that there was no addition made by AO on account of freight expenses of Bogus Purchase
Reassessment proceedings could not be held invalid merely on the reasoning that there was no addition made by AO on…
Adjusting tax liability against purchase input to be deemed as actual payment eligible for Sec. 43B relief: HC
Adjusting tax liability against purchase input to be deemed as actual payment eligible for Sec. 43B relief: HC Merck Ltd.…
Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT
Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT Short…
Foreign tax credit can be claimed even when Form 67 is filed belatedly: ITAT Bangalore
Foreign tax credit can be claimed even when Form 67 is filed belatedly: ITAT Bangalore Ms. Brinda RamaKrishna vs ITO…
Pre-Budget Memorandum for Union Budget – 2022
Pre-Budget Memorandum for Union Budget – 2022 Ref : G/1/197 November 15, 2021 Smt Nirmalaji Sitharaman, Hon’ble Union Finance Minister, Government of India,…
Whether interest on late payment of TDS can be imposed on an assessee where clearance of the assessee’s cheque for TDS payment is delayed due to technical error on part of the bank?
Whether interest on late payment of TDS can be imposed on an assessee where clearance of the assessee’s cheque for…
Draft Letter for Stay of Demand by the Income Tax Officer
Draft Letter for Stay of Demand by the Income Tax Officer The moment the demand is raised in assessment or…
CBDT clarification on applicability of TDS on purchase of Goods & TCS on sale of Goods
CBDT clarification on applicability of TDS on purchase of Goods & TCS on sale of Goods The scope of…
Whetherany incriminating material found during the course of an Income Tax Search on any other person can be consideredin the assessment under Section 153A of the assessee- A study
Whetherany incriminating material found during the course of an Income Tax Search on any other person can be consideredin the…
