MAT: There is no provision in the IT Act to prevent the Assessee from claiming indexed cost of acquisition on the sale of asset in case the Assessee is subjected to MAT U/s 115JB
Even without agreement, stamp duty value on the date of first digital payment can be adopted for section 50C & 56(2)(x)
Penalty prescribed u/s 171 (3A) cannot be imposed retrospectively : Penalty proceeding against Signature Builders dropped by NAA
Applicability of section 40A(2)(b) in case of estimation of income without doubting expenses incurred by assessee
The extension of date for filing of accounts with Maharashtra charity commissioner office has been decided up to 30th November.
Vivad se Vishwas Scheme: Government relaxed the time for payment to to March 31st, 2021, Deadline of 31st December for opting it remains the same