Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows that assessee has sufficient opening cash balance at the beginning of 01.04.2016
Cash deposits during the demonetization: If amount deposited is out of the sale proceeds, addition under section 68 of the Act that will amount to double taxation
1.It is to inform you that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than 100 crores.
Inadvertence on the part of the assessee to claim the credit for the advance tax in ITR does not absolve the AO from its statutory duty to grant the credit in the regular assessment,
Rejection of entire books of account was not warranted, when the AO find fault in the valuation of stock only: ITAT Surat
Standard Chartered Bank allowed deduction towards loss of Rs 1427 Crores on account of securities scam: ITAT Bombay
The chamber of Tax consultant requests for deferring Form No. 10B & 10BB by one year or grant an extension of the due date for filing audit reports in Form 10B & 10BB and ITR-7 for the Assessment Year 2023-24.
Representation to defer the applicability of Form 10B and Form 10BB by one year considering the complexity involved in extracting the extensive information required by the new Form 10B/10BB by BCAS.
Whether Interest income need to be excluded while calculating the book profit for calculating the remuneration to partners?
If taxpayers has a history of cash sales, Cash deposited in bank during demonetization cannot be treated as unexplained money
New mechanism to claim TDS credit, where TDS credit was deducted in the subsequent year and income was claimed in the previous year:
Housing loan deduction not claimed in the original ITR filed – Can it be claimed by filing application U/s 154?
