Business Compliance Calendar for June-2019

Money don’t have colour. Capital gain exemption available even if the investment is done by borrowed capital

First Budget of Smt Nirmala Sitharaman as Finance Minister on 5th July 2019

Admission of undisclosed income during survey attracts Penalty under section 271(1)(c)

Whether Bank Guarantee Commission attracts TDS U/s 194H? Issue decided by Delhi ITAT

Prosecution can be launched even if there is a time for filing income tax return u/s 139(4) if return is not filed u/s 139(1) & notice is issued u/s 142(1)

Validity of Seizure of goods of perishable nature when requirements of section 129 not complied

Exchange of jewellery of customers by Jewellers is violation of section 40A(3)?

The word ‘expenditure’ used in Section 40A(3) does not cover expenditure on purchases of goods ?

Heartiest congratulations to new Finance Minister Smt. Nirmala Sitharaman

Landmark Move : Input Tax credit (GST) Can not be denied to recipient for default on part of the supplier- Delhi High Court issued notice to UNION OF INDIA

How to file of Statement of Financial Transactions (SFT)?

REAL ESTATE INVESTMENT BACK TO LIFE

Procedure of Additions / Assessments etc in Search and Seizure cases.

Provision for warranty is a contingent liability. Whether it is allowable as deduction

Assessment under section 153C when Documents seized not belonging to the assessee

No exempt Income = No disallowance u/s 14A

Fake invoice without actual supply, arrest & bail provision