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If Assessee has inserted some figures, which are not in coherence with the other figures in the income tax return, it is a mistake apparent from the record which can be rectified u/s 154

Sale proceeds on sale of rubber trees and timber cannot be brought to tax under Rule 7A

Examination of Prospective Financial Statement

Business disallowance under section 40(a)(ia) for Non-deduction of tax at source on Retainership fee paid by assessee & shown as salary by recipient in their return

Validity of Addition to income due to Difference in stock noticed during survey if Assessee duly reconciled discrepancy with positive material

Capital gains: Whether AO has power to refer the matter to DVO and deny the valuation report as on 1-4-1981 of a registered valuer?

GST: Rate of Tax on Aluminium ladders generally used for Domestic purpose

Expenditure against exempt income & it’s Applicability with respect to profit share arising from partnership

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Settling Tax Disputes by Vivad Se Vishwas Scheme – 2020

“Ministry notified New Norms of classification of MSME”

GST : Law relating to Detention of goods alongwith vehicle & deposit of bank guarantee equivalent to the amount stipulated therein

Stamp duty and registration charges for execution of lease deed is a Capital or revenue expenditure ?

GST : No Provisional attachment of bank account if no proceeding pending against assessee under the law

“MSME NEW DEFINITION APPLICABLE W.E.F 01ST JULY, 2020 NOTIFIED BY MSMED”

Hon’ble President of announces E-Filing Portal development of ITAT

Set-off of business income against Loss suffered from derivative transactions

“UNION CABINET DECISIONS ON MSME AND AGRICULTURAL SECTORS DT. 01.06.2020”

Any Contravention of sections 269SS and 269T if Cash is received by assessee from Commission Agent against the crops?

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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.

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