GST in Banking Audit.

AAAR Confirmed the decision of AAR on NO ITC on Computers, laptops etc for transitional period

ITR Forms for AY 19-20 notified.

Business expenditure incurred during post production of film on account of advertisement expenses is allowable deduction if it satisfies the conditions of section 37

Latest Penny Stock Judgment, Revenue Favouring by Delhi High Court

Bank Audit Special : Practical guide for first time Bank Auditor

Mumbai- Highest Tax Paying City of the Country

Press Release : Arrest by CGST Commissioner, Ahmedabad

New format of Auditors Report under SA 700

Tax evasion of Rs. 15 Cr tracked through satellite

Time to be updated – Income Tax & GST changes applicable from 1st April 2019

Diluting Deeming Provision : No taxation as Deemed dividend u/s 2(22)(e) if borrower is not shareholder in lender company

Interesting Judgement: Capital Gain exemption u/a 54F is available even on depreciable assets

If Benefit of Input Tax Credit is denied to buyers of flat then liable for penalty under section 122(1)(i)

Fresh information from VAT authorities regarding bogus purchase is valid ground for reopening of assessment

Bombay High Court directs revenue to penalise TDS defaulters under IPC also

Sec 80AB, 80HH Deduction can be without deducting Depreciation and Investment Allowance out of “Income”

Bank Audit Special : FAQs in relation to UDIN