AUDIT MANUAL 2019 BY INCOME TAX DEPARTMENT

Sole Surviving coparcener can be HUF

Landmark, interesting & very Practical Judgment: Stamp dutyvaluation cannot be adopted in case of sale of property under encroachment

Who can take the benefit of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 ?

Addition of Accommodation entry by way of Bogus LTCG upheld by Delhi ITAT

Whether sale in cash or against cheque, draft etc is prohibited now? Whether any undertaking is needed for accepting payment against cash sale?

CBDT invites application for prescribing of certain electronic modes of payment u/s 269SUof the Income-tax Act, 1961

Once the prior period income is held to be taxable, the prior period expenditure also should be allowed to be set off

Delay of just 1 day in filing the return of income beyond the prescribed period and grant of benefit attached with the return filed u/s 139(1)

CBDT amends over 100 income-tax forms/ returns / reports to provide for PAN – Aadhaar substitution

Sabka Visbwas (Legacy Dispute Resolution) Scheme Rules, 2019 : Not to Miss offer by Government

MCACMS : An online Compliance Monitoring System byMinistry of Corporate Affairs for show cause notices and replies

Depreciation is allowable on Payment of non-compete fees

No disallowance under section 40(a)(ia) even if no deduction of tax at source if Payee has paid tax to Government Account

MAT provision : The purpose of section 115JB for MAT is not to tax any income or receipts not otherwise taxable under the Act.

Depreciation is not to be considered while computing disallowance under section 14A

Re-opening simply in view of an advisory issued by department to thoroughly verify agricultural income without any tangible is not justified

Mandatory quoting DIN (Document Identification Number) under GST Also