Sec 115JB (MAT Provisions) not applicable to Actual write off, even when mentioned as provision in P&L: ITAT
Sec 115JB (MAT Provisions) not applicable to Actual write off, even when mentioned as provision in P&L: ITAT Corrtech Energy…
Income Tax
Changes in form GSTR-3B: Let us understand what circular No. 170 speaks for mandatory reporting.
Changes in form GSTR-3B: Let us understand what circular No. 170 speaks for mandatory reporting. CHANGES IN GSTR…
Get Ready: Supreme Court accepted the plea for extension for opening of TRAN-1 portal
Get Ready: Supreme Court accepted the plea for extension for opening of TRAN-1 portal The Hon’ble Supreme Court has…
Sec 40 disallowance is not applicable when deduction is not claimed: Calcutta HC
Sec 40 disallowance is not applicable when deduction is not claimed: Calcutta HC Section 40(a)(oa)provides that certain amounts which are…
New record of over 72.42 lakh (7.24 m) ITRs filed on a single day and about 5.83 crore ITRs filed till 31st July, 2022
New record of over 72.42 lakh (7.24 m) ITRs filed on a single day and about 5.83 crore ITRs filed…
Error in filing ITR 7 if section 44AB option is not selected
Error in filing ITR 7 if section 44AB option is not selected Query – We are trying to…
Income Tax Department conducts searches on Healthcare Provider Groups in Haryana and Delhi-NCR
Income Tax Department conducts searches on Healthcare Provider Groups in Haryana and Delhi-NCR Government of India Ministry of Finance…
No demand and penalty should be levied under the GST laws in absence of intent to evade tax: Delhi High Court
No demand and penalty should be levied under the GST laws in absence of intent to evade tax: Delhi High…
Disciplinary action against Chartered Accountant & the Limitation provided under Rule 12 of the CA (PIPAMAO) Rules, 2007
Disciplinary action against Chartered Accountant & the Limitation provided under Rule 12 of the CA (PIPAMAO) Rules, 2007 There was…
Deduction towards Bad Debts Written Off: No deduction U/s 37 permissible if a provision for expense is expressly excluded from Section 36 (1) (vii)
Deduction towards Bad Debts Written Off: No deduction U/s 37 permissible if a provision for expense is expressly excluded from…
Income Tax Department conducts searches in Rajasthan
Income Tax Department conducts searches in Rajasthan …
Withdrawals & Closure of the Capital Gain Account Scheme (CGAS)
Withdrawals & Closure of the Capital Gain Account Scheme (CGAS) Query 1] I have opened capital gain A/C in…
Clause 44 of Tax Audit Report vs. Bad Debts, GST on RCM, Depreciation, Electricity, Salary, Interest to Bank & Others, Late Fee
Clause 44 of Tax Audit Report vs. Bad Debts, GST on RCM, Depreciation, Electricity, Salary, Interest to Bank & Others,…
Portfolio management fee: Is it tax deductible?
Portfolio management fee: Is it tax deductible? As per the Report of Portfolio Managers filed with SEBI, assets worth Rs…
How to Respond to the Outstanding Demand Notice in the Income Tax
How to Respond to the Outstanding Demand Notice in the Income Tax Overview The Response to Outstanding Demand service allows all registered…
Charitable Trust: Non-filing of Audit Report in Form 10B along with Return of Income is merely a procedural defect which is rectifiable- Mumbai ITAT
Charitable Trust: Non-filing of Audit Report in Form 10B along with Return of Income is merely a procedural defect which…
Assessee can’t escape Sec. 43B disallowance by crediting GST amount to B/S instead of taking it in P&L a/c: ITAT
Assessee can’t escape Sec. 43B disallowance by crediting GST amount to B/S instead of taking it in P&L a/c: ITAT…
Rs. 250 Cr of unaccounted income detected by IT officials
Rs. 250 Cr of unaccounted income detected by IT officials The IT department has detected “unaccounted” income of more than…
