Taxability of Difference between sale consideration mentioned in sale deed and that mentioned in paper found during enquiry

Date of GST Form CMP 08 extended to 31st July

Chartered Accountants and Tax Audit firms – Be cautious – Panipat Haryana Court has held that Auditor is the one who is responsible for the lack of communication and penalized the auditor.

IT Return software utility provider gives up due to Government’s action plan related to e filing and rechnial glitches !!

Deduction claimed u/s 80IB is allowable on proportionate basis on those residential units of the housing project which fulfills the conditions u/s 80IB(10) by excluding those units which otherwise violate such stipulations

Prosecution : Delay in payment of tax cannot be construed as an attempt to evade tax, so as to launch prosecution of the assessees for alleged offence u/s 276C(2)

Disallowance under section 14A if no exempt income earned during the year under consideration

Whether deduction towards housing loan interest is available on accrual basis or deduction is available only if it is paid ?

Individual script wise details for offering LTCG not mandatory while filing ITR

Loan waiver by bank – Whether Taxable ?

Key changes proposed in the Income Tax Act – 1961 by recent Union Budget – 2019 [Finance (No. 2) Bill, 2019]

Powers of CIT(A) are co-terminus with that of AO

Approval under section 80G(5) cannot be rejected if registration is granted under section 12AA

Credit Note accounted in the Audited annual financial statement but not in GST

CBDT Clarifies as to incorrect report circulated in the Social Media on ITR filing

Deferred consideration dependent on a contingency does not accrue unless the contingency has occurred and is not liable to capital gains tax in year of transfer

The assessee is not eligible to capital gains without the accrual of the consideration to the assessee (Development Agreement)

Excrllent representation on Hardships caused to Tax payers in Income Tax Return filing by BCAS