LLP Amnesty Scheme for Form No. 3, 4 & 11
LLP Amnesty Scheme for Form No. 3, 4 & 11 Form 3 & 4 can be filled without additional…
Income Tax
CBDT Circular on taxation of online Games Income
CBDT Circular on taxation of online Games Income Circular No. 5 of 2023 No. 370142/12/2023 Government of India…
Allahabad High Court condones delay in depositing tax under Direct Tax Vivad Se Vishwas Act
Allahabad High Court condones delay in depositing tax under Direct Tax Vivad Se Vishwas Act Digvendra Pratap Singh (WP…
Guidelines issued by CBDT for taxing the income from life insurance policies with annual premium exceeding Rs 5 lakh
Guidelines issued by CBDT for taxing the income from life insurance policies with annual premium exceeding Rs 5 lakh …
CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer
CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer The Finance…
New feature of “Challan Correction” introduced in Income Tax Portal
New feature of “Challan Correction” introduced in Income Tax Portal The Income Tax India portal has introduced a…
“Corporate Compliance Calendar for the m/o August, 2023”
“Corporate Compliance Calendar for the m/o August, 2023” About Article: This article contains various Compliance requirements for the…
CBDT notifies rules to calculate life insurance income where premium exceeds Rs.5 lakh
CBDT notifies rules to calculate life insurance income where premium exceeds Rs.5 lakh The Central Board of Direct Taxes (CBDT)…
Interest income, earned by clubs on FDs in banks which are corporate members, is taxable: SC
Interest income, earned by clubs on FDs in banks which are corporate members, is taxable: SC SECUNDRABAD CLUB ETC.…
CBDT Circular Condonation of delay in nIing refund claim and claim of carry forward of losses under Section 119(2I1b) of the Income-tax Act, 1961.
CBDT Circular Condonation of delay in nIing refund claim and claim of carry forward of losses under Section 119(2I1b) of…
Suggestion invited by CBDT on Draft Form No. 6C formulated for inventory valuation by Cost Accountant.
Suggestion invited by CBDT on Draft Form No. 6C formulated for inventory valuation by Cost Accountant. CBDT invites comments…
No addition on account of sale of penny stock, if no direct involvement of the assessee: Bombay HC
No addition on account of sale of penny stock, if no direct involvement of the assessee: Bombay HC Tag: Penny…
Sec 142(1) and Sec 148 cannot operate concurrently: ITAT Dehradun
Sec 142(1) and Sec 148 cannot operate concurrently: ITAT Dehradun Uttrakhand Poorv Sainik Kalyan Nigam Ltd. Vs ITO (ITAT…
Recording of transaction in the books is important in determining the taxation: ITAT
Recording of transaction in the books is important in determining the taxation: ITAT Facts: During the year under…
No Audit if the turnover is below Rs. 10 Cr: Confusion & Clarification
No Audit if the turnover is below Rs. 10 Cr: Confusion & Clarification Query 1] As per Sec…
Inflated cash sales not commensurate with earlier year sales cannot be the basis of addition U/s 68
Inflated cash sales not commensurate with earlier year sales cannot be the basis of addition U/s 68 Mumbai ITAT…
Bombay HC quashed notice issued under section 148 on wrong facts and also the subsequent assessment order
Bombay HC quashed notice issued under section 148 on wrong facts and also the subsequent assessment order The copy…
Demand notices based on GSTR 2A and GSTR 3B ITC discrepancies cannot be upheld without investigating the supplier whose invoices are missing from GSTR 2A.
Demand notices based on GSTR 2A and GSTR 3B ITC discrepancies cannot be upheld without investigating the supplier whose invoices…
