TAX DEDUCTION FROM PAYMENT OF LIFE INSURANCE POLICY [ Sec 194DA ]

Exemption u/s 54F can still be allowed if sale consideration is invested to purchase new residential flat before date specified u/s 139(4) : ITAT

Kerala AAR on rate of Tax on composite Supply of health care services to in-patients

Law of Domestic Transfer Pricing

Revision power of CIT- Mere suspicion of the Principal CIT cannot be the basis for holding the enquiry conducted by the AO as insufficient

“Exceptional case when 50C is not applicable by Bombay High Court”

Income Tax Department warns people not to do few transactions

Penalty u/s 271B for Non-filing of audit report u/w 44AB for Assessee engaged in providing accommodation entries to entry seekers against commission

Capital gains vis a vis Transfer u/s 2(47)(v) through GPA and JDA registered containing intention of owner

Deduction towards interest expenses if interest free advances given to sister concern- case of Reliance Communications Infrastructure Ltd.

Deduction towards legal expenses and professional charges paid towards criminal offence committed in personal capacity & not in professional capacity- Salman Khan Case

ZERO RATED SUPPLY UNDER GST

Whether the failure to issue a notice under Section 143(2) of the Act in course of reassessment proceedings would vitiate the reassessment proceedings altogether?

Search of Locker – Importance of the word “Reason to believe” & “Reason to suspect”

Mere issue of notice under section 142(1) would not confer jurisdiction to levy interest under section 234A.

High Court should not take a technical approach and refuse to condone the delay when appeals for earlier years with identical issues are already pending before it: Supreme court

Newly registered? Know about Tax Invoice

Short Comilation of Updates from today’s GST Council meet on 22nd Dec 2018