Income Tax
Religious expenses exceeds 5% & so trust held to be ineligible for sec. 80G approval: ITAT Pune
Religious expenses exceeds 5% & so trust held to be ineligible for sec. 80G approval: ITAT Pune Shri Kalaram Sansthan_watermark…
Carrying of the physical copy of Invoice is mandatory. Soft copy is not valid: Calcutta HC
Carrying of the physical copy of Invoice is mandatory. Soft copy is not valid: Calcutta HC J.-K.-Jain-Buildtech-India-Pvt.-Ltd.-Vs-Assistant-Commissioner-Calcutta-High-Court (1)
Can interest on bank FDR be taxed at the time of its withdrawals?
Can interest on bank FDR be taxed at the time of its withdrawals? Query 1] I have…
Not followed the CBDT Circular: Court imposed cost on the CIT & ordered interest on refund @9%
Not followed the CBDT Circular: Court imposed cost on the CIT & ordered interest on refund @9% …
Deduction & Claim can be considered by way of a simple letter during assessment proceeding- No need for Revised Return
Deduction & Claim can be considered by way of a simple letter during assessment proceeding- No need for Revised Return…
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 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…
