Even if the purchases are bogus, the entire purchase amount cannot be added: Bombay HC

Reopening of assessment is not valid if the Assessing officer was well aware of the facts. Whether assessee disclosed it or not is irrelevant.

Reopening of assessment is not valid if the Assessing officer was well aware of the facts. Whether assessee disclosed it or not is irrelevant.

Conversion of outstanding interest into loan does not amount to “actual payment” U/s 43B

Know about GST on Goods transport agency (GTA)

Charity paid at the time of purchase cannot form the part of Purchase consideration: Supreme Court

Landmark & Chronicle Judgement Valuation of equity shares done bymerchant banker for issue of at premium without evidence furnished as to suitability of DCF method for valuation is not acceptable

Composition Scheme now available for Service Providers also

Deduction towards cost of improvement in respect of construction if no supportive evidence available

New Clauses 31(ba) to (bd) inserted in Form 3CD

Interesting case: Annual Maintenance Contract (AMC) expenditure of computer – Whether liable for TDS U/s 194C or section 194J ?

Validity of Addition under section 68 on Receipt of share application money

Black money received on sale of rural agricultural land is taxable as “Income from Other Source”

Interest received on enhanced compensation for acquisition of agricultural land is exempt u/s 10(37)

Capital gain computation on sale of mortgaged property – whether amount paid towards debts repayment is deductible ?

CBDT issued procedure, format and standard for issuance of TDS Certificate in Part B of Form Nom 16

FAQ for GST on Real estate sector Released

Person opting under old Rate of Tax ie With Input tax Credit have to submit prescribed document to jurisdictional Commissioner by 10th May 2019.