Business Compliance Calendar for the month of August – 2018

Very important Conclusion by Apex Court decision( 5 members constitutional bench) in Dilip Kumar & Co

Wonderful Judgement – For section 54F exemption, section 50C can be ignored: Jaipur ITAT

Benefit of doubt to go to Department: Supreme Court

Time to be more alert. Tax exemption clause/ notification to be read strictly. If there is ambiguity, it must be interpreted in favour of revenue. Ratio of Sun Exports overruled by Supreme court !!

6 Amendments + 9 Insertions = Total 15 Changes in Tax Audit Report: Summary of Amendment

No addition in respect of penny stock on the basis of human behavior in the case of Navneet Agarwal vs. ITO: ITAT Kolkata

GST ON CANTEEN

An interesting issue on post sales discount – AAR Maharashtra rules out GST refund for post-sales discounts

Section 54 Relief not allowable when Builder returns Money for Flats Booked under Self-Finance Scheme : ITAT, Ahmedabad

Filing the return of Deceased Tax payer – procedure for registration of Legal Heir

Adherence to prescribed time-line for issue of certificate of no deduction or deduction of tax at lower rate u/s 197 and 195 of the I.T. Act-1961: CBDT

After you have filed your returns, check intimation u/s 143(1)

What is E-Form DIR-3? Why it is To Be Filed By 31 Aug By Directors In India?

Whether profit on sale of Land can be adjusted against loss on sale of Shares?

If payment is permisdible according to Rule 6DD then AO made the addition u/s 40A(3) without rejecting the Books of Accounts

Capital gain issues on surrender of Land (held as capital asset) in lieu of TDR, sale of TDR, applicability of section 50C in case of sale of TDR etc.

Applicability of TDS Provision if rent payment per person is below Rs. 50,000/ but collectively exceeds Rs. 50,000/