In absence of distribution of capital asset and in absence of transfer of capital asset in favour of retiring partners, no profit of gain arose in the hands of firm.

Assessment of non-existing Company is a ‘substantive illegality’ not a ‘procedural violation’: Supreme Court

Merely on basis of Shah Commission’s Report opining that there was under-invoicing of export price by iron-ore miners and exporters, reassessment could not be initiated

How can salaried taxpayer file Income Tax Return online

Disallowance under section 14A against expenditure incurred against earning of exempted income

Business Compliance Calendar for the month of August- 2019

Classification and Services by way of admission to amusement facility

Income Tax Act & treatment of government subsidy

Income Tax Refund, Limitation period & Delay in filing income tax return

From Ordinance to Act : Banning of Unregulated Deposit Schemes Act – 2019

TDS on booking an air ticket

If genuineness of the transaction is established, no disallowance can be done even if payment exceeds Rs. 10,000/- in cash?

Deemed dividend provision cannot be invoked merely because the shareholders were common.

Taxation of Buy Back of Shares

By depositing Rs. 2, 00,000/- in NPS, whether entire amount can be claimed as deduction under Chapter VI-A

Merely for the reason that parties did not appear before AO or the assessee could not produce parties in person before AO, the whole set of documents produced to prove genuineness of transactions, could not be disregarded.

Income Tax Department clarifies on the suicide note by CCD Founder V.G.Siddhartha blaming attachment by income tax official for harrassmmet

Trial run of Offline Tool of New Return of GST, for familiarisation & feedback by the taxpayers