Input tax credit (ITC) allowable only if the supplier had discharged the output liability: Rajasthan HC issued Notice to Finance Ministry
Assignment of book debt of Rs. 57 Crore for meager sum of Rs. 53 Lakh and allowability of deduction as loss under the head “Income from Capital Gain”
Tax Treatment of Unexplained money, investments not fully disclosed in books of account, Unexplained expenditure and Amount borrowed or repaid on hundi in cash
Taxpayer wanted to invest LTCG in purchase of another residential property and was unable to find the suitable property & finally invested the amount in 54EC bonds after 6 months: Whether capital gain exemption admissible?
An excellent Joint Representation by 6 premier Institutions to RBI on Guidelines for Appointment of Statutory Central Auditors (SCAs)/ Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)
No more Tax Planning in Slump Sale : CBDT prescribed Rule 11UAE for computation of Fair Market Value of Capital Assets for the purposes of section 50B of the Income-tax Act.
Applicability of Stamp Duty for Power of Attorney as applicable in States for representation before Income-tax department
FIinance Ministry issued Guidelines for cancellation of GST Registration and instructed officers to execute the work in a time bound manner
