Taxation of gifts & awards received by Sportsman & awards instituted by Central Government, State Government or other bodies
Audit not compulsory for businesses with turnover not exceeding Rs. 5 Cr: How to count the limit of 5% limit?
No registration required for family arrangement done by way of memorandum of settlement: Supreme Court
Hotel Bills exceeding Rs 20,000/- , Education fee exceeding Rs 1 Lakh, Business Class Flight Tickets, Lockers, under the scanner of Income Tax Department
Class or classes of person to whom provisions of section 139A shall not apply: Amendment in Rule 114AAB:
Whether an Income Tax survey proceedings u/s 133A of the Income Tax Act’1961 can be converted into an Income Tax Search and Seizure action u/s 132 of the Income Tax Act ‘1961
CBDT permitted issuance of Notice to the Assessee, asked to be sensitive in view of the hardships being faced by the taxpayers due to COVID 19
Validity of assessment reopening if the Assessee has already disclosed the true and correct fact to AO during original assessment