An Exhaustive Joint Representation by AGFTC, ITBC and CAA for extension of due dates of furnishing Tax Audit Reports/ITR for A.Y. 2020-21
Please Extend the due date of filing ITR of 31st December 2020: An exhaustive representation by Tax Bar Association (Regd).
Due Date Extension: An apt representation to the Finance Minister by Association of tax payers &professional
Validity of Rejection of books of accounts under section 145 without even examination of books of assessee
Applicability of Penalty under section 271(1)(c) for additions done purely on estimate basis without definite finding as to concealment or furnishing of inaccurate particulars of income
Applicability of TDS on Minimum Guarantee Royalty (MGR) paid by distributor for acquiring exhibition rights of movie
Transfer of shares of a foreign subsidiary to another step down foreign subsidiary without consideration & applicability of section 47(iii)
Additions under section 69B couldn’t be made merely relying on confession statement obtained during search.