Land from which rent was received should be used for agricultural purposes for its taxation as Agricultural Income

Penalty under section 271A on failure to maintain books of account & Reasonable cause

Provisions of section 50C not applicable on transfer of leasehold rights in land and building

Conversion of trading liability into Share Application Money: Taxation u/s 41(1) as Remission or cessation of trading liability

Goverment aiming to set up a new body to regulate ICAI, ICAI & ICWAI

Forex loss can be capitalised as per Sec. 43A even if Indian currency loan is subsequently converted into forex loan

Waiver of loan which was never claimed as expenditure couldn’t amount to cessation of trading liability.

Planning for Closure of Few Income Tax Offices in India: Magic of faceless assessment begins

No TDS under section 194C on reimbursement of freight charges to C&F agent.

Self-declaration by employee that he had incurred exp. towards uniform is sufficient for non-deduction of TDS

2021 Special : LTCG Delhi High Court Judgment in favour of assessee

Private discretionary trust has to be assessed in the status of an “Individual”

Various Investment Options from Taxpayers Perspective: A comparison

8 CA & 250 Others Arrested in GST invoice Fraud Case

Rs. 514 Cr of unaccounted Income Accepted by the Assessee during Income Tax Raids in Pune

Income Tax Search and Seizure & Income Tax Settlement Commission (ITSC)- Detection of any undisclosed income subsequent to the final order of ITSC

GST Aadhaar Authentication / e-KYC for Existing Taxpayers on GST Portal & Key Points:

Dissatisfaction towards the functioning of Ministry of Finance , CBDT & CBIC: Letter by a Young CA