IT JudgementFather cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once he attained Majority: ITAT30 Jul 20220Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once he attained Majority:…
Income TaxSupreme Court orders directs opening the window for taxpayers to claim transitional credits30 Jul 20220Supreme Court orders directs opening the window for taxpayers to claim transitional credits The recent ruling in the case of…
Income TaxWhere last day for filing of income/loss return is a day on which income-tax office is closed, assessee can file return on next day afterwards on which office is open and return will be considered to have been filed within specified time limit: An Analysis30 Jul 20220Where last day for filing of income/loss return is a day on which income-tax office is closed, assessee can file…
Income TaxTrading in Sawn timber is liable for TCS u/s 206C as Forest Produce?29 Jul 20220Trading in Sawn timber is liable for TCS u/s 206C as Forest Produce? Trading in Sawn timber is liable…
IT JudgementMere possession of the proceeds of crime is money laundering29 Jul 20220Mere possession of the proceeds of crime is money laundering Landmark SC judgement is delivered on 27th July 2022…
Income TaxWhat if the Income Tax Returns is not filed within Due Date? Why Worry?28 Jul 20221 CommentWhat if the Income Tax Returns is not filed within Due Date? Why Worry? 31st July is the due date…
other topicNOC for closure of capital gain account not obtained –Whether exemption U/s 54 can be denied?28 Jul 20220NOC for closure of capital gain account not obtained –Whether exemption U/s 54 can be denied? Whether exemption U/s…
other topic“Har Ghar Tiranga – Ghar Ghar Tiranga” campaign eligible for CSR deduction: Next Big move towards building patriotism28 Jul 20220“Har Ghar Tiranga – Ghar Ghar Tiranga” campaign eligible for CSR deduction: Next Big move towards building patriotism Har…
GSTSC order on Trans 1 Credit: The GSTN Portal to be kept open for filling Form TRAN-1 & TRAN-2 for two months28 Jul 20220SC order on Trans 1 Credit: The GSTN Portal to be kept open for filling Form TRAN-1 & TRAN-2 for…
IT JudgementSupreme court final Ruling on all the pending Tran-1 Writ Petitions27 Jul 20220Supreme court final Ruling on all the pending Tran-1 Writ Petitions The Supreme Court has finally decided the issue…
Income TaxRespected Finance Minister, Please don’t extend the Date. But …… : Representation by Team www.theTAXtalk.com27 Jul 20225 CommentsRespected Finance Minister, Please don’t extend the Date. But …… : Representation by Team www.theTAXtalk.com On the one hand,…
other topicGuidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2021- 22 – conduct of assessment proceedings in such cases27 Jul 20220Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2021- 22 – conduct of assessment proceedings…
IT JudgementViolations of Principles of Natural Justice and order passed beyond the scope of Show Cause Notice: Calcutta High Court quashed order passed under section 148A(d)26 Jul 20221 CommentViolations of Principles of Natural Justice and order passed beyond the scope of Show Cause Notice: Calcutta High Court quashed order…
Income TaxNO REPRESENTATION FOR INCOME TAX RETURNS DUE DATE EXTENSION: WELL JUSTIFIED MOVE BY DTC OF ICAI:25 Jul 20224 CommentsNO REPRESENTATION FOR INCOME TAX RETURNS DUE DATE EXTENSION: WELL JUSTIFIED MOVE BY DTC OF ICAI: DTC of…
GSTGST: Tour Operator Services provided to a foreign tourist for the tour performed in India is proportionately taxable25 Jul 20220GST: Tour Operator Services provided to a foreign tourist for the tour performed in India is proportionately taxable GST…
Income TaxEstate & Succession Planning through Wills, Private Trusts & Nomination (IV)25 Jul 20220Estate & Succession Planning through Wills, Private Trusts & Nomination (IV) In the earlier issues of The Tax…
Income TaxNo exemptions of RCM on GTA where freight is ₹1500 or ₹750. Now Reverse Charge on GTA services will be applicable from ₹123 Jul 20221 CommentNo exemptions of RCM on GTA where freight is ₹1500 or ₹750. Now Reverse Charge on GTA services will be…
GSTGST: Services by hospital charging room charges more than Rs 5000/- per day are taxable now23 Jul 20220GST: Services by hospital charging room charges more than Rs 5000/- per day are taxable now GST Rate Change…