Whether income from sale of milk of cows is an agricultural income exempt from tax?
Whether income from sale of milk of cows is an agricultural income exempt from tax? Here is an interesting case…
Income Tax
No purchases can be rejected without disturbing the sales in case of a trader
No purchases can be rejected without disturbing the sales in case of a trader Here is a landmark order…
Reassessment notice send ‘only’ to ‘secondary email id’ of taxpayer is held invalid by Bombay High Court
Reassessment notice send ‘only’ to ‘secondary email id’ of taxpayer is held invalid by Bombay High Court The taxpayer…
No more exemption to Life Insurance Policies above Rs. 5 Lakh
No more exemption to Life Insurance Policies above Rs. 5 Lakh “Collect taxes from a taxpayer just like…
Notice U/S 148 cannot be issued to non existing entities: HC
Notice U/S 148 cannot be issued to non existing entities: HC Orbit Projects Private Limited Vs ITO (WPA 3814…
If a person has only agricultural income and no other income, then no addition can be made to the total income unless and until the AO proves that the assessee has any other source of income which is taxable under the Income-tax Act: ITAT
If a person has only agricultural income and no other income, then no addition can be made to the total…
Bogus Purchase: Additions have to be limited to the extent of bringing the G.P. rate on purchases at the same rate of other genuine purchases.
Bogus Purchase: Additions have to be limited to the extent of bringing the G.P. rate on purchases at the same…
Punjab State Budget at a Glance
Punjab State Budget at a Glance Budget At A Glance (1)_removed 011_compressed Budget At A Glance (1)_removed…
What if PAN is not linked with Aadhar by 31st Mar:
What if PAN is not linked with Aadhar by 31st Mar: if a taxpayer having PAN and who is eligible…
Crypto & NFT businesses are now ‘reporting entities’ under the Prevention of Money-Laundering Act (PMLA).
Crypto & NFT businesses are now ‘reporting entities’ under the Prevention of Money-Laundering Act (PMLA). The Govt. of India…
Bombay High Court has again directed Revenue to take requisite steps to curb litigation in the absence of the Goods and Services Tax (GST) Appellate Tribunal
Bombay High Court has again directed Revenue to take requisite steps to curb litigation in the absence of the Goods…
Transfer of Virtual Digital Assets to be governed under the Prevention of Money Laundering Act of 2002
Transfer of Virtual Digital Assets to be governed under the Prevention of Money Laundering Act of 2002 The Central Government…
New Tab “Comply to Notice” is introduced at the Income Tax E – Portal
New Tab “Comply to Notice” is introduced at the Income Tax E – Portal Using this Tax Payer can…
High-pitched tax demand of Rs. 1140 crore on OYO and Stay petitionz
High-pitched tax demand of Rs. 1140 crore on OYO and Stay petitionz For the Assessment year 2021-22, the tax…
Delay in filing of Form 67 in relation to Foreign Tax Credit under rule 128 is merely a procedural defects: ITAT
Delay in filing of Form 67 in relation to Foreign Tax Credit under rule 128 is merely a procedural defects:…
SCN must clearly mention specific reason for which the action is being taken
SCN must clearly mention specific reason for which the action is being taken Santosh Kumar Roy v. State…
Proposal for Maharashtra VAT Amnesty Scheme by BJP CA Cell, Mumbai
Proposal for Maharashtra VAT Amnesty Scheme by BJP CA Cell, Mumbai Date-04.03.2023 To, Shri Devendta Fadnavis ji…
Making March Meaningful – Tax caution before 31st March Ends
Making March Meaningful – Tax caution before 31st March Ends March is the best time for the taxpayers to revisit…
