Bogus Purchase: Only profit element taxable if sales & stock is not doubted
Bogus Purchase: Only profit element taxable if sales & stock is not doubted PCIT v. Ashwin Purshotam Bajaj [ITA…
Income Tax
Income under Section 44AD or 44ADA: Whether inclusive of GST or excluding it?
Income under Section 44AD or 44ADA: Whether inclusive of GST or excluding it? One of the most common…
GST Circular 199/2023 providing clarity on Cross Charge vs ISD
GST Circular 199/2023 providing clarity on Cross Charge vs ISD GST circular issued recently has provided clarification on various issues…
Delhi ITAT on Bogus purchases: All that can be added is the profit element embedded therein
Delhi ITAT on Bogus purchases: All that can be added is the profit element embedded therein Recently, ITAT Delhi has…
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 PCIT Vs…
F & O Transactions & Audit requirements while filing ITR forms
F & O Transactions & Audit requirements while filing ITR forms Applicability of Audit in case of…
Assessee’s direct involvement in price rigging need to be conclusively proved besides the broker’s involvemen for taxation U/s 68
Assessee’s direct involvement in price rigging need to be conclusively proved besides the broker’s involvemen for taxation U/s 68 …
Time limit for making investment in under construction projects is 3 years to avail benefit of Sec 54 : ITAT
Time limit for making investment in under construction projects is 3 years to avail benefit of Sec 54 : ITAT…
How to compute the turnover in option trading for Income Tax Return Filing
How to compute the turnover in option trading for Income Tax Return Filing Applicability of Audit in case of derivative…
Representation for Taxation of F & O Transactions and its compliance in the Income Tax Act-1961.
Representation for Taxation of F & O Transactions and its compliance in the Income Tax Act-1961. To Respected Smt. Nirmala…
Loss in F & O: Whether Audit is compulsory?
Loss in F & O: Whether Audit is compulsory? Query] I am a salaried taxpayer & have done few transactions…
Builder can have investment in land as stock in trade as well as Capital Assets
Builder can have investment in land as stock in trade as well as Capital Assets Here is one judgment by…
Capital Gain exemption u/s 54B can be allowed only if investment is done in the name of the assessee.
Capital Gain exemption u/s 54B can be allowed only if investment is done in the name of the assessee. Here…
₨40cr I-T refund scam busted, 8 consultants under scanner
₨40cr I-T refund scam busted, 8 consultants under scanner
Short Overview of the Decisions taken in the 50th GST Council meeting
Short Overview of the Decisions taken in the 50th GST Council meeting Here is a Brief of the 50th GST…
Clarification On Taxability Of Income Earned From Off-Shore Investments In Investment Fund Routed Through An AIF
Clarification On Taxability Of Income Earned From Off-Shore Investments In Investment Fund Routed Through An AIF Circular No. 14/2019 dated…
Appointment of Representative Assessee by NRI: An overview
Appointment of Representative Assessee by NRI: An overview Further, there are lot of other issues wherein the taxpayers are unable…
A new functionality launched to track the Income Tax Refund status:
A new functionality launched to track the Income Tax Refund status: 1. Previously, taxpayers had to check…
