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Supply of ice creams, chocolates, ice cream cakes and pizza cakes in an IBACO outlet is a Composite supply or not ?

Allowability of ITC u/s 16 towards Electrical Works, Pumps, Pumping systems and tanks, Lighting system, Physical security system and Fire System

Deduction under section 36(1)(va) towards Employees’ contributions to PF, EST etc

Know about Rule 36(4) in CGST Rules

Advisory for taxpayers for uploading multiple invoices/ credit/ debit notes as supporting documents with refund application (RFD-01)

No Income Tax Scrutiny if the Return filed is treated as Defective Returns

“Corporate Compliance Calendar for the m/o December 2019”

Consequences of Non replying to Notice GSTR-3A

Section 43(5) CBDT Notifies Trading in Derivatives on National Stock Exchange(NSE)

Compliance Calendar for December -2019

Power of CIT(A) in respect of Fee under section 234E charged and cancelled holding TDS return as non-est

Since Assessee has not tendered cogent evidence to explain as to how the shares in an unknown company had jumped to an higher amount in no time – It needs to be treated as Bogus LTCG

Where Assessee is continuously in the business of exploration and production of oil, expenditure incurred by it on abandoned project is in normal course of its business and such expenditure is allowable as revenue expenditure

Providing hostel and transport facility to students was incidental to achieve object of providing education & so is not in the nature of business

Another Bonanza in the PipeLine : Bank Loan for Paying dues under Sabka Vishwas – Legal Disputes Resolution Scheme ?

Disallowance of Interest Expenses on the ground that the borrowed funds were used for acquiring Shares of group Companies.

All about FastTag – Mandatory from 15th December 2019

Whether any payment made for the purpose of Know-how acquired in process of manufacturing is a Revenue Expenditure or not ?

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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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