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

Government ropes in IT Department to detect GST Fraud !!

Allowability of depreciation owned jointly with others

If Sales made by the assessee is not disputed, purchases could not be added considering them as bogus and only profit embedded in such purchases is required to be added

Valuation of shares for a consideration more than FMV: Validity if AO changed the method of valuation adopted by assessee

Expectation of the Common Taxpayers from “Never Before” Budget 2021

Taxation of retention Money retained by contracted, to be received only after conclusion of project

Absence of occupation certificate couldn’t be a ground to deny exemption under section 54

Assessment framed on erstwhile partnership firm which was a non-existent entity was void ab initio.

Assessee engaged in business of real estate & Method of accounting for recognizing profit by completed Contract Method vs. Percentage Completion Method

Applicability of TDS on Discount on sale of Set-Top Boxes and Recharge Coupon Vouchers

Section 32(1) provides for depreciation in respect of trademarks owned wholly or partly by the assessee

Applicability of TDS U/s 194C on Payments made to clearing and forwarding agents

Now, search and seizure may be based on your online Compliances status

Capital gains : Transfer whether to be construed completed when release deed got registered

Finally, Date Extended !!

An Interplay – Income Tax Search and Seizure and Income Tax Settlement Commission

SBI offer free ITE filing service for its customers !! More Bank to follow !!