Faceless & Jurisdiction free e-assessment scheme notified by CBDT

Government through the tax administration should help & provide a platform to assist the business to be tax compliant: An excellent judgment by ITAT Chandigarh.

Once the option of reduced base rate of 22% is exercised, the MAT credit is rendered useless and no deduction will be available

Income tax Benefit on Royalty Income of Indian Resident

e-Assessment – Getting effective: Income Tax Authorities for Regional E assessment center notified by CBDT

Transfer order of Pr.C CIT’s & CIT’s to the regional E assessment center

GST :Circular No. 105/24/2019 Dated 28-06-2019, on post sale discount withdrawn ab-initio.

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