CBDT issues further Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020

SOPs for Assessment Unit,Verification Unit,Technical Unit and Review Unit

Salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme

CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports

When the Taxmen Knock Your Door…(III) [Know about Income Tax Raids]

Three sets of sales: accounted; unaccounted and partly-accounted: Income Tax Raid revealed Rs. 450 Cr of undisclosed income

Whether the eldest Daughter can be KARTA Of HUF after Death of Senior Most Male Karta ?

Interest income on FDR’s pleaded as intrinsically connected with business of assessee- whether business income or income from other source?

Notional Taxation: Law as applicable as on the date of agreement required to be applied for taxing the income.

Reopening not justified when there is no evidence to show that there was escapement of income due to failure on the part of assessee to disclose fully and truly all material facts necessary for assessment

Surplus arising on prepayment of deferred sales-tax loan at NPV is a capital receipt which could not be termed as remission or cessation of a trading liability so as to attract income tax u/s 41(1).

Leasehold rights is not eligible for depreciation under section 32(1)(ii) considering it as intangible rights.

To acquire jurisdiction under section 153C, the seized documents must be incriminating

Allowability of Deduction under section 80JJA if deduction not allowed in first year of employment

Disallowance for bogus purchases and addition to the Income

Partnership Deed not executed on requisite stamp paper : Whether salary to Partners can be disallowed?

Income Tax Search and Seizure Assessments- No universal application of the “extrapolation technique” in Search Assessments

“Corporate Compliance Calendar for the M/o December, 2020”