Income Tax

Whether its processing under section 143(1)(a) or assessment U/s 143(3), PF / ESCI delayed payment is not allowable as deduction: ITAT Delhi

3 years ago

Whether its processing under section 143(1)(a) or assessment U/s 143(3), PF / ESCI delayed payment is not allowable as deduction:…

Income Tax

No penalty under section 271(1)(c) if disallowance is made suo motu by the Assessee

3 years ago

No penalty under section 271(1)(c) if disallowance is made suo motu by the Assessee ITAT Delhi has recently held that…

Income Tax

Assessment order passed without granting personal hearing quashed by Bombay High Court

3 years ago

Assessment order passed without granting personal hearing quashed by Bombay High Court Hon’ble Bombay High Court assessment order where…

Income Tax

Artificial Intelligence and Strong Database to drive Income Tax Department

3 years ago

Artificial Intelligence and Strong Database to drive Income Tax Department “About 1,00,000 notices were sent… …By March 2024, this entire…

Income Tax

Deferred shares are akin to ordinary shares, transfer pricing adjustment is upheld: ITAT

3 years ago

Deferred shares are akin to ordinary shares, transfer pricing adjustment is upheld: ITAT Facts: 1. The case involved the…

GST Income Tax

Compliance Calendar for Aug- 23

3 years ago

Compliance Calendar for Aug- 23 INCOME TAX ▪ 7th Aug 2023- Due date for payment of TDS/TCS for the month…

Income Tax

Renting of Immovable Property and other services by Director to the Company

3 years ago

Renting of Immovable Property and other services by Director to the Company Services provided by director of a company or…

GST Income Tax TDS

Statutory and Tax Compliance Calendar for August 2023

3 years ago

Statutory and Tax Compliance Calendar for August 2023 S. No. Statue Purpose Compliance Period Due Date Compliance Details 1…

Income Tax

ITR Return filing statistics of Individuals

3 years ago

ITR Return filing statistics of Individuals The copy of the order is as under: WhatsApp Image 2023-08-01 at…

Income Tax

Withdrawal of registration of trust cannot be retrospective: ITAT Mumbai

3 years ago

Withdrawal of registration of trust cannot be retrospective: ITAT Mumbai Heart Foundation of India v. CIT (Mum.)(Trib.) (ITA…

Income Tax

Advisory: e-Invoice Exemption Declaration Functionality Now Available

3 years ago

Advisory: e-Invoice Exemption Declaration Functionality Now Available Dear Taxpayers, 1.GSTN is pleased to inform you that the e-Invoice Exemption Declaration…

Income Tax

Only profit element of bogus purchases are to be added to income, in case, sales are genuine: Bombay HC

3 years ago

Only profit element of bogus purchases are to be added to income, in case, sales are genuine: Bombay HC Ashwin…

Income Tax

National Pension Scheme (NPS) & Income Tax benefits

3 years ago

National Pension Scheme (NPS) & Income Tax benefits National Pension Scheme (NPS) India is a voluntary and long-term investment plan…

Income Tax

Loss from F & O can be set off against other Income

3 years ago

Loss from F & O can be set off against other Income Query 1] Whether loss in F & O…

Income Tax

Representation requesting for Extension of due for filing Income Tax Returns (Non-Audit and Salaried) for Assessment year 2023-24 By BJP Professional Cell ,Mumbai

3 years ago

Representation requesting for Extension of due for filing Income Tax Returns (Non-Audit and Salaried) for Assessment year 2023-24 By BJP…

Income Tax

Salaried Taxpayers: Whether offering FDR interest on accrual basis is mandatory?

3 years ago

Salaried Taxpayers: Whether offering FDR interest on accrual basis is mandatory? One of the common questions by many taxpayers…

Income Tax

Most common tax saving allowance and perquisite for salaried Taxpayers

3 years ago

Most common tax saving allowance and perquisite for salaried Taxpayers For salaried taxpayers, the option of tax planning or…

Income Tax

Bare Minimum Compliances by the Private Limited Company

3 years ago

Bare Minimum Compliances by the Private Limited Company There are various compliances which the private limited companies are…

Income Tax

Whether its processing under section 143(1)(a) or assessment U/s 143(3), PF / ESCI delayed payment is not allowable as deduction: ITAT Delhi

No penalty under section 271(1)(c) if disallowance is made suo motu by the Assessee

Assessment order passed without granting personal hearing quashed by Bombay High Court

Artificial Intelligence and Strong Database to drive Income Tax Department

Deferred shares are akin to ordinary shares, transfer pricing adjustment is upheld: ITAT

Compliance Calendar for Aug- 23

Renting of Immovable Property and other services by Director to the Company

Statutory and Tax Compliance Calendar for August 2023

ITR Return filing statistics of Individuals

Withdrawal of registration of trust cannot be retrospective: ITAT Mumbai

Advisory: e-Invoice Exemption Declaration Functionality Now Available

Only profit element of bogus purchases are to be added to income, in case, sales are genuine: Bombay HC

National Pension Scheme (NPS) & Income Tax benefits

Loss from F & O can be set off against other Income

Representation requesting for Extension of due for filing Income Tax Returns (Non-Audit and Salaried) for Assessment year 2023-24 By BJP Professional Cell ,Mumbai

Salaried Taxpayers: Whether offering FDR interest on accrual basis is mandatory?

Most common tax saving allowance and perquisite for salaried Taxpayers

Bare Minimum Compliances by the Private Limited Company

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