No penalty u/s 271DB if compliance to electronic mode of payment facilities u/s 269SU provided till 31st January 2020: CBDT
Change of address in PAN database by assessee is mandatory. Notice u/s 143(2) served on the address given in PAN is sufficient: Supreme Court
If the character of agricultural land is transformed into an environment-friendly residence at the time of registration of sale deed, it becomes a capital asset & income accrued will not be exempt u/s 2(14)
The Central Board of Direct Taxes (CBDT) has issued a detailed circular for deduction of tax at source ( TDS ) from salaries under Section 192 of the Income Tax Act,1961
Whether the facts and circumstances in case of Baroda Cricket Association the Tribunal was justified in allowing the benefit of exemptions u/s.11 and 12 of the Income Tax Act,1961.
Interesting Issue: Taxation of CA firm on transfer of “Client Relationship and Goodwill” — Whether capital receipt , business income or capital Gain Income ?
Finally ICMAI mandate 15 months compulsory training of students who enroll for intermediate Dec-2020 examination onwards
Landmark Judgment: Assessee opting for presumptive income scheme is not under any obligation to explain individual entry of cash deposit in bank
GST: Validity of Detention of goods along with conveyance if E-way Bill is not indicating correct number of vehicle that was carrying the goods
No addition could be made based on the AIR and ledger of the payer without rebutting the contention of assessee that they have not received any sum higher than what has been reported in its books of account
Landmark Judgment: No disallowance u/s 40a(ia) if there is a shortfall in deduction or if deduction is done in wrong section
AY 2020-21: Person who jointly owns a single house property allowed to file ITR in ITR-1 or ITR-4 Form
