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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?

Intereeting Judgment : Capital gains on Mortgaged property sold by bank on assessee’s failure to pay loan amount

“INSTANT PAN THROUGH AADHAAR BASED E-KYC – DIGITAL REVOLUTION”

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New ITR forms for the AY 2020-21 .Some of the new Disclosures in the new ITR Forms 1 to7 :

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Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices

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Get Ready – CBDT has notified new ITR Forms for the AY- 2020-21(FY- 19-20)

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Income Tax Survey : No physical discrepancy was found detected by survey team and excess value of stock was merely because of difference in valuation of closing stock

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Income Tax Raid : Expenses offered for disallowance during search not found to be a false claim – For levy of penalty under section 271AAB, falsity of the expense was a pre-requisite

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Rental income from letting out of factory building is a income from house property or income from other source ?

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CBDT notifies new Form 26AS containing details beyond TDS /TCS pursuant.

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Getting a PAN has never been this easy !!

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Work From Home” – An Excellent Manual launched by WIRC of ICAI for SMP CA firm

Settlement (OTS) of Bank Loan: Income Tax Implications

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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

  • Section 147A: Supreme Court Steps In — What Does It Mean for Reassessment Proceedings?
  • Section 277: When a False Tax Statement Becomes a Criminal Offence
  • CBDT Removes Arrest & Detention from Tax Recovery Rules; Extends Registration Deadline for Valuers
  • Representation for extension of the specified date for furnishing Tax Audit Reports u/s 44AB and other audit reports for AY 2026-27 from 30 September 2026 to 31 October 2026, and of the return due date in audit cases from 31 October 2026 to 30 November 2026
  • Section 147A: Supreme Court Stays Ruling Striking It Down – Reassessment Proceedings Also Frozen

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