New concept in GST: TDS

Capital Gain on sale of the property of Guarantor by the Bank?

Dear Chartered Accountants- You get what you deserve, not what you desire!

No tax is leviable on sale of rural agricultural land, even if no proof of whether any agricultural activity is carried on that agricultural land.

Only 15 days extension for Tax Audit Report

Reopening of assessment is justified if A.O. has sufficient tangible material on record to initiate re-assessment proceedings against the assessee.

Compliances under GST to be done before 30th September

Blocked ITC on Various Services

No tax is required to be deducted if payment is purely in nature of reimbursement

When any right in respect of capital assets is extinguished and that right is transferred to someone, it would amount to transfer of a capital asset: Says Kolkata Tribunal

FAQs on Refund of ITC paid on Exports of Goods and Services without payment of Tax

Agreement to sell entered before Assessment Year 2014-15: Applicability of Section 43CA

No penalty for non audit if there is a reasonable cause

Status of writ petition filed for Tax Audit Report Date Extension

Opinions given by the chartered accountants in report u/s 44AB are not binding either on the assessees or on the assessing officer

DTAA Between India and Pakistan

Auditors- Don’t complete audit in a hurry to save your clients. Else, who will bear penalty of Rs. 10,000/-

Before asking for date extention please have a look at due date chart for October 2018