An Overview of the Pre pack mechanism for MSME Insolvency

Bombay HC allowed a writ petition for application under Viwad Se Vishwas even when prosecution was launched

The country needs to come out of this tax culture that ‘businesses are all fraudulent!’ Even where 12 crore tax has been paid, just because some tax is still due, you can’t start attaching property

An Overview of Recent Amendment in Tax Audit Report in Form No 3CD: CA Sahil Dhingra

Capital Gain exemption couldn’t be disallowed if investment is made by assessee in his wife’s name

All you need to know about Senior Citizen Saving Scheme

TDS disallowance u/s 40(a)(ia) is applicable while computing income chargeable under the head “Profits and gains of business or profession” and it is not applicable to any other heads of income.

Exemption under section 11 could not be denied on the ground that the audit report was not filed online along with the return.

The time limit of reckoning for section 54 is to be read as 139(4) and not as 139(1) as section 139(4) is also a sub-set of section 139(1).

No addition can be made for an unabated assessment, unless incriminating materials are unearthed during search qua the assessment year under consideration.

TDS on Purchase of Goods & its inter play with TCS provision on sale of Goods

Taxation of NRI & An Overview of Section 6 of Income Tax Act : CA Sahil Dhingra

An Overview of Concessional Tax Slab Rates (A.Y. 2021-22) CA Sahil Dhingra

LONG TERM CAPITAL GAIN (SECTION 112A)

All about Sukanya samriddhi scheme

Important circular of RBI on Asset classification of advances after expiry of covid regulatory package

All about E-Invoicing In addition to the attachment herewith, it may ne noted that the GSTN has clarified as under:

Allowability of deduction under section 36(1)(vii) towards Bad debts written off if amount was debited by way of debit Note