Principal CCIT, Mumbai requested for extension of date of limitation under the Income Tax Act – 1961

Making March Meaningful – Tax caution before March Ends

Sum received from display of advertisement on assessee’s undergoing real estate project is a business income or house property income?

Capital gains exempt under section 54EC need not be reckoned for purpose of computing book profit u/s 115JB

Validity of Detention of goods along with conveyance if E-way Bill do not indicate correct number of vehicle that was carrying the goods

March Ending Compliances :- Change of Financial Year From 31st March to 30th April 2020 or 31st December 2020 OR Simple Date Extension by 2 Month

Income Tax Officers Association appealed for extending the financial year closure date from 31st March 2020 to 30th April 2020

An appeal to Hon’ble FM for Relaxation from Tax & other compliance activities of the taxpayers

SEBI Circular giving relaxation in view of COVID 19

Time barring assessment under Maharashtra VAT Act

Penalty for under reporting and misreporting of Income

A welcome move: SBI Starts a special demand loan due to COVID 19 crisis

Individual/ HUF are required to do TDS U/s 194B towards winning from games of any sort even if the business is newly started

Validity of Penalty under section 271AAB towards Undisclosed investment found during search operation as there was no column in return to disclose the investment Inbox x

Revenue could not avoid processing of return under section 143(1) & granting of refund to assessee on ground that notice under section 143(2) had been issued to Assessee

Direct Tax Vivad Se Vishwas Rules, 2020 : A Short Summary

Instructions to fill Forms under Vivad Se Vishwas Scheme in Direct Tax

Where assessee had submitted complete books of accounts with bills and vouchers at time of completion of assessment under section 143(3), reopening of assessment denying benefit of section 11 on basis of change of opinion was not justified