Benefit of set off of loss of Partnership Firm: AO could examine applicability of section 79 only in the year in which loss was set off, and not in the year in which assessee claimed the loss to be carried forward.

Thank You Respected Finance Minister !! 24 Taxpayers & Professionals association got united on a call protest call by WMTPA

Letter by TWMTPA expressing disappointment over GST Audit Extension

GST Reconciliation Checklist for Accounts Finalization : An Overview

“The CBDT is directed to leniently consider the said representation after giving an opportunity of hearing to the petitioner and to pass a reasoned order thereupon”: High Court of Uttarakhand

No Notional taxation if the difference in the stamp duty valuation & actual transaction value is not exceeding 20%

100% Tax free income in Affordable housing Scheme

Income declared during survey & Year of taxability: Assessment year for which declaration had been made or the year in which survey was conducted?

Statements recorded under section 132(4) cannot be made the sole basis for making additions unless it is supported by any documentary evidence

Premium for hedging foreign exchange fluctuations as regards loan availed of for purchase of fixed asset is a Capital on revenue expenditure?

Extracting Honey from Flower: Whether Agricultural Income?

CBDT instructs officers to levy for false entries in the books of accounts

Validity of Addition under section 69 if Assessee deposited cash in bank account when cash book was showing negative balance

Gujarat HC dismissed Writ, No extension on TAR due date filing.

Investment in Two House Properties for Capital Gain Exemption: Confusion & Clarification

An Open Letter to the PM – “ Please give us a New Finance Minister..”

FAQ on ITR & CPC: An Excellent Publication of the process in ITR Processing

Depreciation: It is enough if asset is Ready for Use : Actual Use is Not a pre-condition