Works contract service: Amount received pursuant to arbitration award in GST regime though services rendered in pre-GST regime

AO can continue proceedings even if reason supplied by him while rejecting objections not acceptable to assessee: HC

Once bogus purchases had gone into profit and loss account, and sales were not doubted, only option left with AO is to make addition of gross profit embedded in bogus purchases

TAXMAN SHOOTING DOWN INNOVATING CLAIMS OF TAXPAYERS

The most chronicle amendment proposed by the Finance Bill -2022: Scheme of reassessment up to 10 years

Finance Bill 2022 & amendment related to Charitable Trust and Institutions

Amendment in the Revisionary power provisions of section 263 by the Finance Bill 2022

Definition of the term “slump sale” amended by the Finance Bill 2022

Budget 2022 – Direct Tax

UNION BUDGET – 2022: AMENDMENTS IN THE CUSTOMS ACT, 1962 & CUSTOM RATE

Interest Calculator facility in GSTR-3B

GST Collection for January -2022 crossed again Rs.1.30 Lakh Crore Mark

Cash credits under section 68 and amendment proposed by Finance Bill 2022

Set off of loss in search cases – Amendment in the provisions of section 79A of the Act by the Finance Bill – 2022

Scheme for taxation of virtual digital assets by Finance Bill – 2022

TDS on purchase of Immoveable Property: Now, on higher of actual purchase price or stamp duty valuation

Non filer of income tax return under section 206AB and 206CCA & amendment proposed by Finance Bill 2022

Exemption of amount received for medical treatment and on account of death due to COVID-19