• Home
  • Income Tax
    • Income Tax
    • Latest Update
      • Circular
      • IT Judgement
      • Notification
      • Press Release
    • Article
      • salary
      • House propery
      • Business/Profession
      • Capital Gain
      • Other Source Of Income
      • Assessment
      • Tax Planning
  • GST
    • GST Act 2016
      • CGST Acts
    • GST Rules 2016
      • CGST Rules
      • SGST Rules
      • IGST Rules
    • GST Articles
      • Time Of Supply
      • Place Of Supply
      • Other GST Article
    • GST Judgement
  • News & Articles
    • Company Law
    • Other News
      • News
      • DTAA
      • Head Of Income
      • Interesting Income Tax
      • Miscellaneous
  • CA/CS/CMA Firms
  • New Home
  • Login
Taxability of Interest on enhanced compensation arising on compulsory acquisition of agricultural land

Taxability of Interest on enhanced compensation arising on compulsory acquisition of agricultural land

Permanent transfer or sale of business assets on which input tax credit has been availed will also be treated as supply even if there is no consideration received. GST is applicable to the sale of business assets only. It does not apply to the sale of personal land/building and other personal assets. “Permanent transfer” means transfer without any intention of receiving the goods back. Goods sent on job work or goods sent for testing/certification will not qualify as supply as there is no permanent transfer. Donation of business assets or scrapping or disposal in any other manner (other than as a sale – i.e., for a consideration) would also qualify as ‘supply’, where input tax credit has been claimed.

Transactions Treated as Supply under GST Even If Made Without Consideration

www.Thetaxtalk.com

Section 14A cannot be invoked where no exempt income was earned by assessee in relevant assessment year.

www.Thetaxtalk.com

Addition on the basis of TDS claimed due to Cash system of accounting is not sustainable

TIME, PLACE AND VALUE OF SUPPLY

TIME, PLACE AND VALUE OF SUPPLY

www.Thetaxtalk.com

List of Penny stock judgement in favor of Assessee

Power to restrict validity of e-way bill as to distance per day finally challenged !!

Gujarat HC admits writ challenging IGST on imports, ITC denial & IGST exemption on capital goods

Gujarat HC admits writ challenging IGST on imports, ITC denial & IGST exemption on capital goods

Draft Notice of First AGM & Director's Report for Private Companies (Other than Small Company & OPC)

Draft Notice of First AGM & Director’s Report for Private Companies (Other than Small Company & OPC)

New revised Form No.49A for PAN Application !!

New revised Form No.49A for PAN Application !!

CBDT issues directions for compulsory filing of Appeal if it relates to seven issues

CBDT issues directions for compulsory filing of Appeal if it relates to seven issues

No GST on sale of complex or building after issue of completion certificate

No GST on sale of complex or building after issue of completion certificate

www.Thetaxtalk.com

Tax provision for senior citizens for FY 2018-19

www.Thetaxtalk.com

Assessee is appeal to exemption under section 10(38) from long term capital assets.

www.Thetaxtalk.com

Penny Stock: Pune ITAT held in favor of he Assessee

www.Thetaxtalk.com

Penny Stock: Kolkata ITAT held in favor of he Assessee

CBDT has issued Standard Operating Procedure (SOP) which need to be followed for ITR Processing or assessment in suspected Fraud case.

CBDT has issued Standard Operating Procedure (SOP) which need to be followed for ITR Processing or assessment in suspected Fraud case.

www.Thetaxtalk.com

After amendment of year 1988 carried out in section 2 (22) (e), ‘shareholder’ has only to be a person who is beneficial owner of shares.

Previous 1 … 614 615 616 617 618 619 620 … 728 Next

This is an online news portal for tax news, updates, articles, judgments, Circulars, Notification and orders with regards to Indian Taxation Laws. ‘Simplifying the TAX & creating awareness about tax laws is the main motto of the Team theTAXTALK.

Recent Posts

  • Beneficial Circulars Cannot Be Restricted by Year: Delhi High Court Expands Relief of CBDT Circular for charitable Trusts
  • silence Does Not Mean Ignorance: Telangana High Court Quashes Reopening
  • Presumptive Tax Filers Must Disclose Investments In ITR-4 Sugam
  • TDS Credit Cannot Be Denied for 26AS Mismatch: ITAT Hyderabad Sets the Record Straight
  • Bogus Purchases: Only Profit Element Taxable, Not Entire Purchase – Bombay High Court

Sign Up to New letter

Subscribe to our newsletter and get the latest updates