Auditors be careful while giving reason of resignation – ROC has started asking the proper reason of resignation

No ITC on ‘gold coins’ distributed to customers under sales promotion scheme: Maharashtra AAR

No ban on deposit received for Business Purpose

Admissibility of Deduction u/s 36(1)(va) towards Employee’s contribution to ESIC beyond due date

No disallowance u/s 40(a)(ia) if expenditure not claimed as deduction

Landmark Judgement – TDS credit need to be given even if TDS is not deposited by the deductor

Validity of addition due to mismatch between professional receipts as per Form 26AS and that shown in return of income

Whether disallowance under section 14A–Invoking rule 8D for computing disallowance is mandatory ?

Validity of addition made from the aid of records seized from brother’s premises without issuing notice under section 153C

Unrealized loss due to foreign fluctuation as on Balance sheet is allowable as deduction

Disallowance under section 14A read with rule 8D AO has to be only on those investments which had yielded exempt income during the year

Levy of Penalty under section 271(1)(c) for Concealment or furnishing of inaccurate particulars is not valid if No specific charge mentioned in the Notice

Wrong availment of input tax credit & prosecution

Exemption u/s 10(37) & Interest awarded on enhanced compensation under section 28 of Land Acquisition Act

UDIN compulsory for Bank Audit Certification Compulssory

CA Exams postponed

Implication of Supreme Court Ruling on PF

LESSER KNOWN DEDUCTIONS UNDER INCOME TAX ACT