Income Tax Rules provide for maintenance and retention of books of accounts only by person carrying on specified profession

The Landmark Judgment: Rajasthan High Court quashes 148 notices issued on or after 01/04/2021.

Business transaction are not in the nature of loan or advances and cannot be taxed as Deemed Dividend u/s 2(22) (e)

Rs. 74 Lakh Crore collection of excise duty from fuel in last five years

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)