Validity of Adhoc disallowance of expenses on ground that decrease in sales amounts to decrease in expenses

Capital gains vs Slump sale under section 50B in case of transfer under Scheme of Arrangement

“It seems that countrywide cartel specializing in defrauding the GST system is operating to bring the economy to its knees” – Observation by Odisha High Court

Year of Taxability of Capital gain if payment of entire consideration received earlier and possession handed over later

Get Ready: Now, Bank & financial Institutions will also take Form No. 26AS along with Income Tax Returns to carry out due diligence

Due Date of filing Statement of Financial Transactions: Form No. 61A

Relief to the Business by Gujarat High Court:Refunds on account of inverted duty structure under GST allowed

E-Invoice under GST for turnover above 500 crore: New Notification n. 60/2020 by CBIC

Taxation of Business Process Outsourcing Units in India

Deduction towards provision for bad & Doubtful Debts available on if the provision is done in the books of accounts & not otherwise: Section 36(1)(viia)

Pro-active steps by the Government: Income Tax Compliance Date Extended again to 30th September 2020 – New Compliance Chart of the Revised Dates

Statement of income paid or credited by an investment fund to its unit holder: Know about Rule 12CB- Section 115UB(7) Statement & new Form No. 64C & 64D

GST: Obtaining More Than One GST Registration under One PAN

“SEBI SETTLEMENT SCHEME 2020 – One – time Settlement scheme”

GST: If the petitioners are behind bars, no proceeding for compounding the offence could be taken

First year of Business & Applicability of presumptive scheme of taxation u/s 44AD: Controversy to Continue

“SEBI – FURTHER RELAXATIONS RELATING TO PROCEDURAL MATTERS – TAKEOVERS AND BUY-BACK UPTO 31.12.2020”

An Interesting Case : No disallowance u/s 40A(3) on undertaking that the assessee (Builder & Developer) will not claim concerned expenditure as deduction