Dissolution & Reconstitution of a partnership Firm: Section 45(4) revised, section 45(4A) introduced:

TDS on purchase of Goods: All Trial & Error at the cost of the Taxpayers

Charitable trust: Denial of accumulation u/s 11(2) on account of non-filing of Form No. 10 before due date of filing of return of income if Assessee filed it during assessment proceedings

Deduction under section 80P(2)(a)(i): Denial in the hands of primary agricultural credit societies on the ground of negligible agricultural credits given by assessee’s

No Addition under section 68 if Assessee is not maintaining books of account and his case covered by under 44AD

Charitable trust: Admissibility of excess expenditure of earlier year against income of future assessment year

Union Budget 2021: Now, return has to be filed before 31st December

Gift made by assessee-company to other corporate entities where AO alleged existence of family settlement and taxed market value of shares gifted as business income

Short Overview of the Direct Tax Proposal in Finance Bill 2021

Classification of service & Rate of Tax on Tour services provided without provision of accommodation

Deduction under section 24(b) towards interest on husing loans rolled over with private borrowing

Validity of reassessment if AO reopened assessment on one issue but did not make addition thereunder

Union Budget 2021 Special: No Advance tax liability on dividend income:

Non Filer of Income Tax Returns: Another controlling provision in the Union Budget 2021

Department cannot seize Trucks in S129 for the allegation of past Wrong movement of goods done by transporter.

Finance Bill’2021- Paradigm shift in the provisions relating to Income Tax Search and Seizure Assessments and Income Tax Settlement Commission

BUDGET 2021: NOW, TDS ON PURCHASE OF GOODS

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