Director Identification Number (DIN) : A Mandatory requirement for all the directors as per Companies Act,2013.
In order to reduce the profit Purchases were made at the higher rate and Sales were at the lower rates
CHARTERED ACCOUNTANTS and Advocates are just facilitators for Tax compliance and cannot be liable for prosecution without any corroborative evidence
Property used by the Assessee for the purpose of its business cannot be considered to be a vacant property as per section 23
Interesting case beyond Normal Provision : Lease rentals agreed between the parties were so crafted that they substantially cover present fair value of equipment & cannot be allowed as Revenue expenditure
The claim for exemption cannot be said to have been established either on the principle of mutuality or on the principle of the absence of trade or profit motive
A Bank issuing a Guarantee is not concerned with the underlying contract between the parties to the contact.
Notice in GSTR-3A is for Defaulters of Goods and Services Tax ( GST ) for Return Filing : Non compliance to attract penalty of Rs. 10,000/- or 10% of Tax Due, whichever is Higher
Whether the Keyman Insurance Proceed can be offered to taxation under the head “Capital Gain” – CA Naresh Jakhotia
Ruling with Wider Impact: Membership fees collection by Rotary Club, Lions Club, Jaycees liable for GST : AAR, Maharashtra
Important judgment: Whether Capital Gain Tax is applicable on the sale of the fixed assets by the Liquidator ?
UDIN is required to be quoted on ITR certified as “True Copy” along with comments on its authenticity and source
Landmark Judgment : Chennai ITAT allowed employee’s contribution of PF and ESI as deduction if is deposited before due date prescribed u/s 139(1)
Landmark Judgment by Pune ITAT : No capital gains arises in respect of land, if neither consideration received nor possession given.
