New Scheme of Restructuring of loans by RBI : A Short Overview

MCA Clarification on spending of CSR funds

BJP CA Cell, Mumbai appealed for reduction of Custom Duty & GST on Mask, Oxygen Concentrator, Vaccine etc in view of pandemics: Highly needed Representation

BJP CA Cell demands waiver of Interest & Penalty on Profesion Tax & VAT considering Critical Situation : An Apt & Timely Representation

Expenses incurred to make the house habitable is eligible for capital gain exemption.

CBDT notified the manner in which Leave Travel Concession is to be claimed as per the amendment made by Finance Act 2021.

All about deduction u/s 80C

Standard Format of Power of Attorney for Income Tax Cases

Switches, routers, printer, server etc cannot be used without computer & so they form part of peripherals of the computer and entitled to depreciation at the same rate

Order passed by Assessing Officer in the name of the assessee without specifying that the income is chargeable to tax in the hands of the assessee as a representative assessee of a non-resident need to be quashed

E-commerce Transactions & TDS U/s 194-O

Step by Step Procedure for Registration of Charitable Trust at Income Tax Portal

Doctors and Hospitals on the income tax radar: Covid-19

If the security deposit continues as a liability in the books of the assessee club, the assessing officer could treat as income

Audited books cannot be rejected in such a casual manner. Ad hoc disallowances are arbitrary and cannot be upheld.

Validity of addition done on account of credit worthiness by CIT after giving an opportunity to the AO to rebut the submissions

Key Take away from RBI Governor: No new Moratorium only Restructuring norms relaxed along with new window for fresh restructuring

Section 206AA of the Act does not override the provision of Section 92 of the Income Tax Act