CBDT issued annual Circular clarifying the TDS on salaries

No penalty u/s 271(1)(c) in respect of a debatable issue

“Now Taxpayer……..Of registration”

TDS has to be deducted in the case of supplementary commission of travel agents: SC

Addition done without referring the valuation to the DVO: Court restored the file to AO for valuation

Intimation U/s 143(1) is not an assessment for the purposes of Section 147 and so it is not necessary for the AO to come across some fresh tangible material to form a belief that income has escaped assessment.  

Short Overview of the SC judgement on taxability of surplus amount after revaluation of assets credited to partners’ capital account:

Rejected paddy seeds taxable at 5% under GST and not eligible for exemption as per Notfication No. 2/2017 CT (Rates)

Why costs should not be imposed on JCIT for in acting in reckless illegal Manner – Asked Rajasthan HC

Compliance Calendar for Dec-22

You will soon have access to paperless Home loans

No deduction towards Employee’s Share of PF/ESIC if not paid within the due date

An overview of the FATCA Reporting

Tax Compliance Calendar For The Month of December – 2022

Capital gain exemption if Sale deed not done within 2 years: Beneficial provisions must be liberal to accommodate rules laid down broadly to verify compliance and must not be interpreted literally.

PENALTIES APPLICABLE UNDER THE BOMBAY PUBLIC CHARITABLE TRUST ACT [SECTION 66]

SC issued Notice in SLP against HC dismissing the writ petition challenging reassessment proceedings under section 148.

No section 263 revision permissible without pointing out what inquiries/verification hadn’t been made by AO in original assessment: HC