ATTENTION TAXPAYERS!! POINTS TO BE TAKEN CARE OF BEFORE 31 ST MARCH 2019

Undisclosed cash of Rs.1.44 crore & unaccounted jewellery of Rs. 2.48 crore seized

Mere filing of documents as proof of Identity and Bank Statement shall not prove the Creditworthiness of the applicant company: SC

Income Tax Department to keep active watch on 24/7 basis during Election

Reopening is not justified where the AO after going through books of account and other documents filed before him had completed the assessments and chose not to make addition on issues raised in reasons recorded for re-opening of assessments.

Addition made by AO based on mere assumption without making any cross-verification of evidences filed by assessee is not sustainable

No concealment penalty if claim of section 11 exemption was rejected by AO; SC dismissed SLP

Loss on account of premium paid to banks in order to be secure against Forex fluctuations isn’t speculation loss

Interesting judgment- Income was taxable in capacity of individuals though investment in firm was made out of HUF funds by its member

CBDT enables filing of revised return online for ITRs earlier filed manually

Payments to various artists participating in reality shows are liable for TDS under sec. 194C TDS & not sec. 194J

Whether UDIN required for each certificate issued during statutory audit of bank branch audit?

51 FAQs on UDIN

Election 2019 & Cash Seizure started

Reserve Bank of India (Prevention of Market Abuse) Directions, 2019 issued

TAX ON MUTUAL FUNDS

BONUS STRIPPING UNDER INCOME TAX

TAXATION OF HOUSING SCHEME UNDER GST W.E.F. 01/04/2019