Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB?
Whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB? Calcutta High…
Income Tax
Can dividend distribution tax under Section 115-O of Income-tax Act, 1961 be levied in respect of the dividend declared out of agricultural income?
Can dividend distribution tax under Section 115-O of Income-tax Act, 1961 be levied in respect of the dividend declared out…
For a company to be a “Resident” in India, Domicile or Registration is irrelevant; test is where De Facto Control Lies : Supreme Court.
For a company to be a “Resident” in India, Domicile or Registration is irrelevant; test is where De Facto Control…
Addition cannot be made on the basis of messages from SMS or WhatsApp
Addition cannot be made on the basis of messages from SMS or WhatsApp between two persons unless there was…
Claim of sec. 54 benefit couldn’t be denied just on ground that same wasn’t claimed in ITR filed by assessee: ITAT
Claim of sec. 54 benefit couldn’t be denied just on ground that same wasn’t claimed in ITR filed by assessee:…
Applicability of TDS on salary to employee) deputed by the Foreign Co in relation to work of Indian Subsidiary, which is reimbursed on cost to cost basis
Applicability of TDS on salary to employee) deputed by the Foreign Co in relation to work of Indian Subsidiary, which…
Whether prior period expenditure can be claimed as an expenditure in the year in which the liability crystallises?
Whether prior period expenditure can be claimed as an expenditure in the year in which the liability crystallises? Calcutta…
While determining the arm’s length price, the Tribunal has to follow the guidelines stipulated under Chapter X of the IT Act.
While determining the arm’s length price, the Tribunal has to follow the guidelines stipulated under Chapter X of the IT…
Classification is responsibility of supplier, purchaser is not obliged to indicate classification of goods he is purchasing.
Classification is responsibility of supplier, purchaser is not obliged to indicate classification of goods he is purchasing. In UOI…
Amazing move by UP SGST:Circular issued to wear body-worn camera during inspection by GST Authorities
Amazing move by UP SGST:Circular issued to wear body-worn camera during inspection by GST Authorities circular_no_2324002
Whether mens rea is essential for levy of penalty under the taxation laws?
Whether mens rea is essential for levy of penalty under the taxation laws? State of Gujarat and Anr Vs…
Whether providing service by branch office in one State to the head office in another State through employees who are common to the company constitute supply of service in terms of Section 7
Whether providing service by branch office in one State to the head office in another State through employees who are…
Lapses in Audit Report : Rs 1 Cr Pending imposed by NFRA
Lapses in Audit Report : Rs 1 Cr Pending imposed by NFRA Government of India National Financial Reporting Authority **************************…
Expression “purchased” would undoubtedly connote the domain and control of the property for capital gain exemption U/s 54
Expression “purchased” would undoubtedly connote the domain and control of the property for capital gain exemption U/s 54 AP…
Section 148 notice dated 31st July, 2022 relevant to the Assessment Year 2013-14 issued under Section 148 not sustainable in terms of the first proviso to Section 149(1)(b)
Section 148 notice dated 31st July, 2022 relevant to the Assessment Year 2013-14 issued under Section 148 not sustainable in…
Investment in One property can be adjusted against Capital gains on sale of multiple properties
Investment in One property can be adjusted against Capital gains on sale of multiple properties Case Detail: Muthu Daniel…
Capital Gain Exemption: What if the transaction is not completed within the specified time period
Capital Gain Exemption: What if the transaction is not completed within the specified time period Any capital gain arising…
Highest direct tax buoyancy in 15 years recorded in FY22 : CBDT
Highest direct tax buoyancy in 15 years recorded in FY22 : CBDT The CBDT has said that direct tax buoyancy…
