ICAI submits suggestions on Reconciliation Statement & Certificate in Form GST GSTR 9C.

The exemption of Rs. 50 lakh in s. 194-IA(2) is applicable w.r.t. the amount related to each transferee

S. 56(2)(vii) is a counter evasion mechanism to prevent money laundering of unaccounted income & does not apply to bona fide business transaction done out of business exigency

GST on Lions Clubs: AAR Rulling

Penny Stock- Delhi ITAT in favour of Assessee

No penalty y/s 269SS if Partners introduced capital in cash

Fact that residential house consists of several independent units cannot be a hindrance to allowance of exemption u/s 54

Two adjacent residential units but used as one single residential house, exemption allowable

What is Amnesty Scheme for GST?

Whether brokerage paid is allowable while calculating capital gain?

Slum Sale : Sec. 50B

To Register At ICAI UDIN

Capital gains Exemption u/s 54F is available, If builder defaults in-completion of construction.

Provisions of sec. 40(A)(2) not applicable in case of co-operative society: Surat ITAT

Whether the expenditure to make a residential house habitable will be included in the cost of new asset?

Whether exemption under section 54F would be allowable where assessee is already a co-owner of another flat?

No need to process Vodafone’s refund claimed ITRs on likelihood of arising huge demands in assessmnent cases: HC

Delhi HC issued notice to Centre in Plea to declare Rule 5A of Service Tax Rules, 1994 (Service tax audit) inoperative after introduction of GST.