When law doesnot meet logic – Presumptive taxation scheme u/s 44AD

WHETHER DEPRICIATION ALLOWABLE EVEN IF THE UNIT IS CLOSED?

Expenses on ball pens, medical gifts given to doctors with logo of Pharma co. not to be treated as freebies

CBDT FURTHER INCREASES MONETARY LIMITS FOR FILING OF APPEAL

Expenses on ball pens, medical gifts given to doctors with logo of Pharma co. not to be treated as freebies

Incentivising of CIT(A) was not proper, Accepts CBDT

ITAT allows tax relief of Rs. 5 crore to actor Shilpa Shetty

GST ON PARTIALLY COMPLETED FLATS

DEDUCTION ALLOWABLE FOR PREDECESSOR’S DEBT WRITTEN OFF AS BAD DEBT

REIMBURSEMENT OF EXPENSE FOR CONDUCTING EXAMS – WHETHER LIABLE TO TDS?

ITC not available on cranes given on hire from H.O. to branch where payments are netted off against receivables

Income tax return cannot be treated as defective for belated reciept of ITR- V for carry for of losses

Principle of valuing inventory at lower of cost or market price is applicable only if the business is continuing.

Whether section 44AD can be applied for few trucks and regular provision for other trucks?

Whether dis allowance u/s 40A, 43B etc permissible in case of taxpayer opting for presumptive scheme of taxation?

Whether scrip-wise computation of Long Term Capital Gains (LTCG) from sale of Shares/Mutual Funds is required to be filled in ITR?

Whether date of filing revised return is relevant for carry forward of loss benefit?

CBDT issues clarifications on return of income for AY 19-20