Business Compliance Calendar for the month of January 2018

Depreciation on non-competition fee:

By no stretch of imagination can s. 14A or Rule 8D be interpreted so as to mean that entire tax exempt income is to be disallowed. Also, the disallowance cannot exceed the exempt income

No dis-allowanxe for short deduction of TDS due to difference of opinion: ITAT

Profit club not taxable on the concept of Mutuality !!

RELAXATION TO NRI FROM FILING OF RETURN OF INCOME   

Exemption Claimed in Tax Return Citing Wrong Section or Provision?

LOSSES CAN BE CARRIED FORWARD EVEN IF RETURN IS FILLED AFTER DUE DATE OF FILLING OF RETURN OF INCOME

Few laws

Avoid investing in Bitcoins !! Be Cautious!!

54EE – FUND TO BE ESTABLISHED FOR “START UP INDIA ACTION PLAN” …

Promoting Digital Economy vide changes made by Finance Act 2017 to the Income Tax Act

What If Return Filled in Wrong tax Form?  

Actual sale consideration, not stamp duty valuation, is important for claiming capital gain exemption u/s 54F

Protective addition in hands of shareholder is not apt, if substantive addition was already made in another hands

Being a legal Heir, Many Time People Faced a Challenge of Filling of Return Of Income !!

I Have Received Notice u/s 139(9) Declaring My Return As Defective. What To Do Now?

Caution – Income on sale of Rural Agricultural Land can also be Taxed !!