Deduction u/s 80C – Some fine Points.

And Note : Seizure notice issued to transporter for non-payment of tax on goods, was valid, even if he was not supplier of goods

AO can impose penalty u/s 271(1)(c) if assessee fails to provide plausible explanation with regard to source of the cash deposits made in his bank account.

Capital gain exemption shall be limited to actual sale consideration and not stamp duty value

Zero Coupon Bonds (ZCB) & its taxation in the hands of investor & issuer Company along with TDS provision

Taxation of Dividend Income – Recipient & Payer

Big Four Accounting Firms to refrain from indulging in any practice which would amount to practising law until further orders.

ICAI – Due to unavoidable circumstances , Paper-3 of Foundation Examination and Paper 4 & 5 of Final Examination (old as well as new scheme) has been postponed. New dates..Refer below announcement

Physical verification of GST taxpayers to begin in Karnataka

No Capital Gain if the deal for transfer could not be materialised due to non payment

Few points about GSTR 9

Nani Palkhiwala India’s Most Eminent And Noted Jurist & Tax Lawyer wrote it !!

Excellent and relevant Representation on certain issues in GST by BCAS

Income Tax Return Shrink !

CBDT to share data with GST dept. to trap tax evaders

Applicability of TDS provision on reimbursement of expenses

Get Ready for Exchange of information between ITR & GSTR !!

व्यापारियों को अब महंगी पड़ेगी GST रिटर्न्स में देरी करना । लगातार 2 रिटर्न्स नही फ़ाइल करने पर Eway bill नही बना पाएंगे । 13 जून से होगा नियम लागू ।