Non registration of Joint Development Agreement – No capital gain Taxation even if possession handed over

Business Compliance Calendar for December-2021

Salaried taxpayers without business income are not required to file Form 10-IE

BCAS Representation regarding recent fresh registration granted to charitable institutions

A Short overview of the Recent CBDT Guidelines on TDS & TCS provisions

“Tax Discussion in the Parliament in this winter session on 25.11.2021”

Acting Tough: Disciplinary action against 17 Chartered Accountants taken by ICAI

Be cautious: Recovery by Employer from Employee is liable for GST

” PLI scheme for the Pharmaceutical Sector”

Validity of Assessment after special audit under section 142(2A) if Mechanical approval granted by CIT just to extend limitation under section 153(1)

Unexplained creditors and addition u/s 68: Assessee had proved the payment through banking channels in the next year

Bogus Purchases: Entire purchases could not be brought to tax but only the profit element could be brought to tax

Income Tax Department conducts search operations on two major real estate developers of Ludhiana

Know information which is shown in Annual Information Statement (AIS)

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

Adjusting tax liability against purchase input to be deemed as actual payment eligible for Sec. 43B relief: HC

Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT

Foreign tax credit can be claimed even when Form 67 is filed belatedly: ITAT Bangalore