Draft of Representation to NFRA against proposed abolition of Statutory Audit

Business Compliance Calendar for October-21

Set off of income offered during survey against Business Loss

Payment done prior to transfer of capital assets and flat purchase completed within 3 years: Whether Capital gain exemption available?

AO can’t withhold refund to adjust it with demand if no such demand exists at time of refund declaration: HC

Capital Gain: The Dilemma of Paying Tax vs. Saving Tax

Payment of Late Fee under the Income Tax Act – 1961: Allowable deduction or not? Whether the Tax Auditor should report it in an audit report?

Gain arising on sale of the business assets (depreciable assets) is in the nature of business income, though it is taxed under the head ‘Capital Gains’

Medical Store run by Charitable Trust would require GST Registration

Interesting issue: Sale of Depreciable asset after assessee discontinued claiming depreciation on the assets

Section 148: Recent Allahabad High Court Judgement

What is Section Code 194JA and Section Code 194JB?

“EMERGENCY CREDIT LINE GUARANTEE SCHEME MODIFIED AND EXTENDED TILL 31.03.2022”

Investing in mutual funds? Avoid these mistakes: By Balwant Jain

UPI banking interface recorded highest ever, over 3.6 Bn transactions, last month

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