Taxpayer can get TDS credit even if the TDS amount is not deposited by the Deductor: CA Naresh Jakhotia
No addition towards Unexplained cash credit u/s 68 can be sustained if cash did not pass at any stage and the respective parties did not receive cash nor did pay any cash
MCA come up with the “Company Fresh Start Scheme” to provide major relief from payment of additional fees and immunity from the Penalty
Copy of the Draft Letter to the Bank for Deferment of Interest, EMI & Term Loan Repayment : CA Jethalal Rukhiyana
Whether Supply of SCADA System to RVNL is eligible to charge rate 12% under Entry No. 3 (v) (a) of Notification No. 11/2017 — Central Tax (Rate) dated 28/06/2017 or it should be 18%
Borrower need to approach for availing the moratorium for repayment of term loan & Working Capital. It’s not automatic
Interesting Judgment: Interest paid for acquisition of capital assets is a part of cost of acquisition. To exclude the interest amount from the actual cost of the asset would lead to anomalous results.