Income TaxTaxation of unexplained income or investment26 Mar at 6:19 am0Taxation of unexplained income or investment 1.Sec .68 of Income Tax Act– Cash Credits Where any sum is found…
Income TaxRegistered Vs. Unregistered MSME: Disallowance for delayed Payment 26 Mar at 5:36 am0Registered Vs. Unregistered MSME: Disallowance for delayed Payment Query 1] If a person is a MSME registered enterprise and…
Income TaxExpenses wholly incurred for transfer is allowable as a deduction while computing capital gains:23 Mar at 5:29 am0Expenses wholly incurred for transfer is allowable as a deduction while computing capital gains: Adil Rehman, Hyderabad (ITA No.…
GSTIncome TaxChecklist for 31st March, 202422 Mar at 10:36 am0Checklist for 31st March, 2024 1. Income Tax: (i) Make necessary investments eligible for deductions thereby reducing taxable…
Income TaxPayment to MSMEs have to be made by 31st March to ensure Sec 43B(h) compliances:21 Mar at 5:26 am0Payment to MSMEs have to be made by 31st March to ensure Sec 43B(h) compliances: To claim a deduction…
Income Tax20% Pre deposit is not a precondition for graining a stay on demand:20 Mar at 6:07 am020% Pre deposit is not a precondition for graining a stay on demand: Observations of the Hon Delhi HC…
Income TaxTax Recovery Officer cannot declare the sale by assessee to third party void: Madras HC20 Mar at 5:33 am0Tax Recovery Officer cannot declare the sale by assessee to third party void: Madras HC K.N. Subramaniam Vs PCIT…
Income TaxTax Recovery Officer cannot declare the sale by assessee to third party void: Madras HC19 Mar at 7:11 am0Tax Recovery Officer cannot declare the sale by assessee to third party void: Madras HC K.N. Subramaniam Vs…
Income TaxCBDT Circular U/s 268A of the Income-tax Act, 1961 for filing of appeals by the Department before ITAT, HC & SLP/Appeals before SC19 Mar at 6:27 am0CBDT Circular U/s 268A of the Income-tax Act, 1961 for filing of appeals by the Department before ITAT, HC &…
Income TaxTDSTDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner : ITAT Jodhpur19 Mar at 6:10 am0TDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner :…
Income TaxReopening Notice Issued U/s 148 Merits To Be Quashed If Barred By Limitation Period Prescribed U/s 149: Jharkhand High Court18 Mar at 7:04 am0Reopening Notice Issued U/s 148 Merits To Be Quashed If Barred By Limitation Period Prescribed U/s 149: Jharkhand High Court…
Income TaxITAT nullifies AO’s attempt to value property as per the DVO’s valuation:18 Mar at 6:28 am0ITAT nullifies AO’s attempt to value property as per the DVO’s valuation: Sri Arijit Chakraborty verses ITO Case Number:…
Income TaxPhysical presence in India is essential to constitute service PE, virtually providing services do not constitute a service PE: ITAT18 Mar at 6:13 am0Physical presence in India is essential to constitute service PE, virtually providing services do not constitute a service PE: ITAT…
Income TaxSection 263 proceeding based on mere audit objections without independent assessment is invalid: ITAT Jaipur18 Mar at 5:50 am0Section 263 proceeding based on mere audit objections without independent assessment is invalid: ITAT Jaipur Pinkcity Jewelhouse Pvt. Ltd.…
Income TaxNo Relaxation or Extension of Rule providing for Timely Payments to MSME within 15 / 45 days18 Mar at 5:26 am0No Relaxation or Extension of Rule providing for Timely Payments to MSME within 15 / 45 days Query 1]…
Income TaxIT JudgementLimitation Act applies for filing appeals under GST till its applicability is specifically16 Mar at 12:32 pm0Limitation Act applies for filing appeals under GST till its applicability is specifically The applicability of the Limitation Act to…
Income TaxBonafide error in filing DRC-03 should be allowed to be rectified.16 Mar at 12:14 pm0Bonafide error in filing DRC-03 should be allowed to be rectified. The taxpayer inadvertently entered incorrect financial year in DRC-03,…
Income TaxAn overview of recent Amendments in Tax Audit Report16 Mar at 9:57 am0An overview of recent Amendments in Tax Audit Report The Central Board of Direct Taxes (CBDT) has amended the…