First Date Extension of the season: ITR 7 and audit report submission date for Trust Extended by one Month
First Date Extension of the season: ITR 7 and audit report submission date for Trust Extended by one Month …
Income Tax
Supreme Court issued notice to all High Courts as to why hearing through Video Conferencing discontinued
Supreme Court issued notice to all High Courts as to why hearing through Video Conferencing discontinued Supreme Court issues…
Physical Gold, ETF & Sovereign Gold Bond: Investment & Taxation
Physical Gold, ETF & Sovereign Gold Bond: Investment & Taxation Where gold speaks every tongue is silent- Proverb Though…
Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows that assessee has sufficient opening cash balance at the beginning of 01.04.2016
Cash deposit during demonetization: Addition deleted as Assessee has submitted cash book, cash flow statement and cash book, which shows…
Cash deposits during the demonetization: If amount deposited is out of the sale proceeds, addition under section 68 of the Act that will amount to double taxation
Cash deposits during the demonetization: If amount deposited is out of the sale proceeds, addition under section 68 of the…
GSTN Advisory: Time limit for Reporting Invoices on the IRP Portal
GSTN Advisory: Time limit for Reporting Invoices on the IRP Portal is to inform you that it has been…
Bogus purchases: ITAT directed to restrict the addition to the GP Ratio
Bogus purchases: ITAT directed to restrict the addition to the GP Ratio Here is an interesting case on the…
Finally, 31 GST Appellate Tribunal Notified
Finally, 31 GST Appellate Tribunal Notified The copy of the is as under: 248743
Inadvertence on the part of the assessee to claim the credit for the advance tax in ITR does not absolve the AO from its statutory duty to grant the credit in the regular assessment,
Inadvertence on the part of the assessee to claim the credit for the advance tax in ITR does not absolve…
Rejection of entire books of account was not warranted, when the AO find fault in the valuation of stock only: ITAT Surat
Rejection of entire books of account was not warranted, when the AO find fault in the valuation of stock only:…
Standard Chartered Bank allowed deduction towards loss of Rs 1427 Crores on account of securities scam: ITAT Bombay
Standard Chartered Bank allowed deduction towards loss of Rs 1427 Crores on account of securities scam: ITAT Bombay Recently, Standard Chartered…
Benefit provided under section 10AA if Form No. 56F filed before the assessment was completed
Benefit provided under section 10AA if Form No. 56F filed before the assessment was completed The ITAT bench of Delhi…
The chamber of Tax consultant requests for deferring Form No. 10B & 10BB by one year or grant an extension of the due date for filing audit reports in Form 10B & 10BB and ITR-7 for the Assessment Year 2023-24.
The chamber of Tax consultant requests for deferring Form No. 10B & 10BB by one year or grant an extension…
Representation to defer the applicability of Form 10B and Form 10BB by one year considering the complexity involved in extracting the extensive information required by the new Form 10B/10BB by BCAS.
Representation to defer the applicability of Form 10B and Form 10BB by one year considering the complexity involved in extracting…
Whether Interest income need to be excluded while calculating the book profit for calculating the remuneration to partners?
Whether Interest income need to be excluded while calculating the book profit for calculating the remuneration to partners? Here…
If taxpayers has a history of cash sales, Cash deposited in bank during demonetization cannot be treated as unexplained money
If taxpayers has a history of cash sales, Cash deposited in bank during demonetization cannot be treated as unexplained money…
TDS Mismatch while filing income tax Return: Issue & Solution
TDS Mismatch while filing income tax Return: Issue & Solution Taxpayers are eligible for credit towards Tax Deduction…
New mechanism to claim TDS credit, where TDS credit was deducted in the subsequent year and income was claimed in the previous year:
New mechanism to claim TDS credit, where TDS credit was deducted in the subsequent year and income was claimed in…
