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

Income of the Trust is required to be computed under section 11 on commercial principles after providing for allowance for normal depreciation and deduction thereof from gross income of the Trust

Income Tax Refund cannot be adjusted against Tax Dues: HC

Nidhi Company : An Overview by CS Devershi Gupta

“Corporate Compliance Calendar for the M/o May, 2021”

Assessing Officer have jurisdiction to reopen the concluded assessment if information disclosed in originally was found to be bogus

Gap between two board meetings under section 173 of the Companies Act, 2013 (CA-13) may extend to 180 days

MCA gave Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013.

All about Form No. 10A: Registration of Charitable Trusts & Institutions

A welcome move: MCA Relaxed time for filing certain forms under the Companies Act, 2013

HC allowed transfer pricing adjustment by excluding Depreciation from calculation

A Short Overview of Relaxation in GST & Income Tax Compliances

Procedure for Application for registration of charitable or religious trusts etc.