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Penalty under section 271B for Failure to get books of account audited of Rs. 1.50 Cr

Penalty under section 271B for Failure to get books of account audited of Rs. 1.50 Cr

Section 50C vs. Section 54 Vs. Section 54F: An overview

Section 50C vs. Section 54 Vs. Section 54F: An overview

Section 50C is a deeming provision which extends only to land or building or both. Leasehold rights neither‘land or building or both’ as such section 50C cannot be applied to it.

Section 50C is a deeming provision which extends only to land or building or both. Leasehold rights neither‘land or building or both’ as such section 50C cannot be applied to it.

International transactions: Extension of corporate guarantee to financial institution for lending money to AE before introduction of Explanation to section 92B

International transactions: Extension of corporate guarantee to financial institution for lending money to AE before introduction of Explanation to section 92B

Conversion of Capital Assets in to Stock in Trade: Declaration which can be executed by the Owner of the capital Assets

Conversion of Capital Assets in to Stock in Trade: Declaration which can be executed by the Owner of the capital Assets

Validity of Ex-parte order if ssessee remained absent on more than one occasion & issue decided on merits

Validity of Ex-parte order if ssessee remained absent on more than one occasion & issue decided on merits

Validity of Recovery of tax by Attachment of bank accounts vis a vis Principles of natural justice

Validity of Recovery of tax by Attachment of bank accounts vis a vis Principles of natural justice

Allowability of deduction towards Foreign exchange fluctuation loss arising out of re-statement of External Commercial Borrowings

Allowability of deduction towards Foreign exchange fluctuation loss arising out of re-statement of External Commercial Borrowings

GST: Classification of service & Rate of Tax on Manufacture of cattle feed/poultry fee on job work basis

GST: Classification of service & Rate of Tax on Manufacture of cattle feed/poultry fee on job work basis

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This is an online news portal for tax news, updates, articles, judgments, Circulars, Notification and orders with regards to Indian Taxation Laws. ‘Simplifying the TAX & creating awareness about tax laws is the main motto of the Team theTAXTALK.

Recent Posts

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  • Section 54F Relief Available Even for Extension of an Existing House? Bangalore ITAT Says Yes
  • Can Section 263 Be Invoked When There Is No Tax Loss to the Revenue? ITAT Kolkata Reiterates the Twin Conditions of Revision
  • Legal Heir Is Not Always the Legal Representative: ITAT Agra Quashes Assessment Passed Without Proper Compliance Under Section 159
  • Section 56(2)(x): Can Stamp Duty Value on Registration Date Trigger Tax Even When the Property Deal Was Finalised Years Earlier? ITAT Ahmedabad Says No

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