Difference between ‘storage or warehousing’ service and ‘renting of storage premises’ service explained- (AAR Gujarat)

Whether sectopm 50C overrides section 45(3)- An interesting case in favour of Revenue

Interesting case: Introduction of stock-in-trade as capital contribution in to firm also attracts s. 45(3)

Agricultural Income – Is it really tax free?

Where retiring partner took cash towards value of his share in partnership firm and there was no distribution of capital assets among partners, there was no transfer of capital asset and, therefore, no profits or gains chargeable to tax under section 45(4) arose in hands of assessee-firm

Interesting Judgement: Transfer of the property by the assessee towards capital of the firm amounts to transfer but on the facts and circumstances of the case, that cannot be subjected to capital tax.

Any amount received by partner on retirement is not liable for capital gains tax: Pune ITAT

Taxation of Capital gains on introduction as capital assets by the partner in the firm u/s 45(3)

Interesting Income Tax: Time to forget that exemption u/s 54EC can be claimed on the basis of actual sale consideration & not notional sale consideration u/s 54EC: courtesy- Bombay HC

Last date for any GST returns is a date of problem & trouble.

ICAI goes Digital, won’t accept Cheques/ DDs beyond 6th May.

No GST on interest-free security deposit received by the lessor which are refundable on completion of lease tenure

New Bill series is needed in GST for new financial year: GST Advisory

Be careful – :Penal interest attracts GST – AAR Maharashtra

Kudos to ICSI – Restriction on LLP regarding manufacturing & allied activities withdrawn with immediate effect

Due date of CRA2 extend till 31/05/19

Notification for changes in Form 16 and Form 24Q : with new ITR forms

Forget actual sale consideration, exemption u/s 54EC is available on the basis of investment as per Stamp Duty Valuation