MCA notifies mandatory dematerialisation for securities of private companies
MCA notifies mandatory dematerialisation for securities of private companies Sub-section (1A) was inserted under Section 29 of the…
Income Tax
An overview of the requirements of maintenance of Books of Accounts and Records by Charitable Trust and Institutions
An overview of the requirements of maintenance of Books of Accounts and Records by Charitable Trust and Institutions Every…
Delhi ITAT restricted disallowance to the extent of the exempt income earned.
Delhi ITAT restricted disallowance to the extent of the exempt income earned. There are various issues which were involved…
Investment in the name of Family Members & Capital Gain Exemption
Investment in the name of Family Members & Capital Gain Exemption One of the most common tools for saving tax…
Assesment order is Invalid if the DIN is not generated.
Assesment order is Invalid if the DIN is not generated. Recent Bombay High Court judgement, which has held Assesment…
Capital Gain Computation for NRI purchased assets with foreign currency
Capital Gain Computation for NRI purchased assets with foreign currency Calculation of capital gain for NRI who has purchased…
Change of opinion as a result of audit objection is permissible for opening of the case for reassessment?
Change of opinion as a result of audit objection is permissible for opening of the case for reassessment? When the…
Foreign Tax Credit: Rate of exchange for conversion into rupees of income expressed in foreign currency
Foreign Tax Credit: Rate of exchange for conversion into rupees of income expressed in foreign currency Getting Foreign Tax Credit…
Representation for relaxation of certain requirements in new Forms 10B and Form 10BB and for further extension of due date for filing these Forms by CTC
Representation for relaxation of certain requirements in new Forms 10B and Form 10BB and for further extension of due date…
Condonation in filing of Form 10-IC
Condonation in filing of Form 10-IC Representations had been received by CBDT stating that Form No. 10-IC could…
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22
Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year…
Entire cash receipt considered as turnover during assessment proceeding: Whether can be rectified under section 154?
Entire cash receipt considered as turnover during assessment proceeding: Whether can be rectified under section 154? he scope of section…
Capital expenditure vs. Revenue Expenditure – An important verdict by Supreme Court
Capital expenditure vs. Revenue Expenditure – An important verdict by Supreme Court The Supreme court has laid down a…
Burden is on the revenue to prove that liability ceases to exist for making addition under section 41
Burden is on the revenue to prove that liability ceases to exist for making addition under section 41 There are…
Senior & Super Senior Citizen – Income Tax benefits
Senior & Super Senior Citizen – Income Tax benefits Definition of senior citizen and super senior citizen: Individual resident who is…
Tax planning through Hindu Undivided Family (HUF)
Tax planning through Hindu Undivided Family (HUF) [Query 1] Often it is discussed that HUF can be a tax planning…
Delay in depositing the TDS amount by seven days: whether prosecution attracted even if the same is deposited before the issuance of receipt
Delay in depositing the TDS amount by seven days: whether prosecution attracted even if the same is deposited before the…
License Fee paid by Telecom Operators is Capital in nature: SC
License Fee paid by Telecom Operators is Capital in nature: SC Recently, Hon’ble SC held that the variable license fee…
