Genuineness of loss couldn’t be doubted just because assessee sold mutual funds immediately after earning dividend

Explanation that the deposit of cash in the bank is out of the cash withdrawals from Bank Account earlier and validity of addition during income tax assessment

A Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under Section 25 of the companies Act.

Capital Gain Exemption : New residential house need not be purchased by the assessee in his own name

Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax.

Income tax department finally praises and recognizes the contribution of CA’s

Proposed GST returns forms not simple for claims

Landmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction to make additions or disallowances on other issues

Refund Advisory under GST : Single Authorty Refund Disbursement Process under GST

Accumulated Additional Depreciation and Accumulated MAT Credit shall not be allowed to be carried forward after exercising the option of new tax rate of 22%

Know the Important Changes in GST w.e.f. 01-10-2019

NO Penalty under section 271(1)(c) if notice issued by AO without specifying grounds of penalty

Lots of amendments again in GST Laws : A short Summary

MCA notifies annual return Form NFRA-2 for auditors, to be filed by November 30 every year

Interest income on FDRis taxable on accrual basis if following of mercantile system

It’s different. Enjoy reading the distinguishing parts of Section 44AD Vs. Section 44ADA Vs, Section 44AE

Business Compliance Calendar for the month of October- 2019

Credit of TDS u/s 194N shall be available to deductee in year of deduction: CBDT