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
Input tax credit is not available against any goods or services received by the applicant for construction of the marriage hall on its own account even if the same is used in course of furtherance of its business of renting the place.
Re-assessment under section 148 on the basis of seized material during the course of Search at at third party premises
LANDMARK JUDGMENENT : ITAT VISAKHAPATNAM IN ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1 VISAKHAPATNAM VERSUS M/S HIRAPANNA JEWELLERS AND (VICE-VERSA)
“GST, IGST & CUSTOMS IMPLICATIONS – HSN CLASSIFICATION INTRICACIES OF ITEMS & SERVICES USED IN 2ND PHASE OF FIGHT AGAINST COVID-19”
