Why of Actuarial Valuation is required for Accounting of Gratuity Benefits in compliance with IndAS19 & AS 15 (Revised 2005) by Indian Companies?
Cancellation of the registration of charitable trust since inception & interesting observation by Delhi ITAT
Even if entire turnover is in digital mode, audit would be mandatory if the profit offered for taxation is less than 6% and turnover is not exceeding 2 Cr
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