Interesting issue: Sale of Depreciable asset after assessee discontinued claiming depreciation on the assets
CAIT appealed for formation of joint forum to fight unfair business practices, violation of law, Act and Rules by E-commerce companies
Twist in the Tale! Finally, Stay for Reassessment proceedings for non-compliance of procedure u/s 148A: Allahabad HC
Business disallowance under section 40(a)(ia) on Payment of professional charges if such charges are not claimed in profit and loss account and same being capitalized
Statutory Audit requirements for various entities will be ending soon? NFRA consultation paper says that “It is appropriate to revisit the requirement of compulsory statutory audit for all companies irrespective of their size and/or public interest”
Quoting of PAN is Mandatory for opening Bank A/c, for purchase sale of Goods above Rs. 2 Lakh, few cash transactions above Rs. 50,000/- and much more
There is neither any precondition nor an eligibility criteria which mandates that the assessee should have taken possession of the property for claiming deduction towards Housing Loan Interest U/s 24(b).
Execution of unregistered Joint Development Agreement with an irrevocable Power of Attorney in favour of the Developer do not result in capital gains liability.
Attachment of property including bank account of a person even if provisional was a serious intrusion into the private space of a personal property.
