What if the Permanent Registration of the Trust is Rejected
What if the Permanent Registration of the Trust is Rejected The registration mode of the charitable trusts have gone sea…
Income Tax
Investment by HUF in the name of the Member or Karta & Capital Gain Taxation vis a vis Exemption
Investment by HUF in the name of the Member or Karta & Capital Gain Taxation vis a vis Exemption There…
Compliance Calendar for Oct-22
Compliance Calendar for Oct-22 INCOME TAX ▪️07th Oct 2022- Due date for TDS/TCS payment for Sept’22. ▪️07th Oct 2022-…
Advisory on reopening of Tran Form to claim transitional ITC
Advisory on reopening of Tran Form to claim transitional ITC As per the direction of the Hon’ble Supreme Court…
Intimation to be given for Verification of Business Premises: Delhi HC
Intimation to be given for Verification of Business Premises: Delhi HC 1. Physical verification of business premises for GST…
Interest subsidy is not to be included for calculating MAT: Kolkata ITAT
Interest subsidy is not to be included for calculating MAT: Kolkata ITAT Principal Commissioner of Income Tax-4, Kolkatta vs M/S…
Section 148 requires the person to file the return of income in response to the notice. The question arises in the case of assessees whose income is otherwise exempt U/s 10 or U/s 11.
Section 148 requires the person to file the return of income in response to the notice. The question arises in…
Whether ITAT can waive off the mandatory condition of pre-deposit of tax of 20%?
Whether ITAT can waive off the mandatory condition of pre-deposit of tax of 20%? Recently, the Mumbai ITAT BENCH ‘K’ in…
10 Tax benefits of having an HUF
10 Tax benefits of having an HUF HUF is a separate entity for income tax law. Its income is taxable…
Whether the ITAT needs to check the facts of the case rather than quashing the appeal order on a legal issue?
Whether the ITAT needs to check the facts of the case rather than quashing the appeal order on a legal…
When a receipt is not in the character of income, it cannot form part of the book profit under section 115JB of the Act, 1961.
When a receipt is not in the character of income, it cannot form part of the book profit under section…
How to Create Hindu Undivided Family (HUF)
How to Create Hindu Undivided Family (HUF) The term “Person” is defined under section 2(31) of the Income Tax…
Validity of addition as a result of difference in the valuation of the Stock as per the Tally ERP vis a vis as computed by Income Tax Department Survey Team
Validity of addition as a result of difference in the valuation of the Stock as per the Tally ERP vis…
Extension of time line for amendment in GST return and claiming ITC
Extension of time line for amendment in GST return and claiming ITC Certain amendments were made in the provisions of…
Powers of ITAT u/s 254 does not mean power to grant stay of demand by waiving off 20% pre-deposit: Mumbai ITAT
Powers of ITAT u/s 254 does not mean power to grant stay of demand by waiving off 20% pre-deposit: Mumbai…
In absence of valid service of notice under section 148 of the Act, the assessment proceeding under section 147 of the Act has to be declared as invalid.
In absence of valid service of notice under section 148 of the Act, the assessment proceeding under section 147 of…
Amendment to Section 36(1)(va) of the Income Tax Act is prospective in nature: Delhi HC
Amendment to Section 36(1)(va) of the Income Tax Act is prospective in nature: Delhi HC Delhi High Court in…
No penalty for accepting loan in cash from sister concern for making labour payments at far off places and there was an urgency to do so: Orissa HC
No penalty for accepting loan in cash from sister concern for making labour payments at far off places and there…
