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…
Income Tax
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…
Robbery amount recovered by Police – Whether can be return to the Taxpayers even if the Income-tax Dept. has initiated section 132 proceedings?
Robbery amount recovered by Police – Whether can be return to the Taxpayers even if the Income-tax Dept. has initiated…
Compliance Calendar for Sept-2022
Compliance Calendar for Sept-22 INCOME TAX 07th Sept 2022- Due date for TDS/TCS payment for August’22. 15th Sept…
Assessee can’t have custody of robbed cash recovered by police once the Income-tax Dept. has initiated section 132 proceedings: HC
Assessee can’t have custody of robbed cash recovered by police once the Income-tax Dept. has initiated section 132 proceedings: HC…
Change with regard to reporting of ITC in Table 4 of GSTR-3B now available on GSTN portal
Change with regard to reporting of ITC in Table 4 of GSTR-3B now available on GSTN portal Changes related to…
Compensation for compulsory acquisition of Land: Not taxable even if there is no specific exemption provision in the Income-tax Act of 1961
Compensation for compulsory acquisition of Land: Not taxable even if there is no specific exemption provision in the Income-tax Act…
Validity of Reopening on a new ground different from the ground on which notice was issued U/s 148A
Validity of Reopening on a new ground different from the ground on which notice was issued U/s 148A The…
Bad Debts Written Off: If a provision for expense is expressly excluded from Section 36 (1) (vii) then such a provision cannot claim deduction under Section 37 of the IT Act even on the basis of “real income theory”.
Bad Debts Written Off: If a provision for expense is expressly excluded from Section 36 (1) (vii) then such a…
Sum paid by custom house agent to container freight station agent is liable to sec. 194C TDS: ITAT
Sum paid by custom house agent to container freight station agent is liable to sec. 194C TDS: ITAT The issue…
Amendment in section 36(1)(va by the Finance Act- 2021 don’t have the retrospective application: Nagpur ITAT
Amendment in section 36(1)(va by the Finance Act- 2021 don’t have the retrospective application: Nagpur ITAT ITAT Nagpur bench in…
Reopening Proceedings Quashed by Calcutta High Court as the information has been lightly used which resulted in issuance of notice.
Reopening Proceedings Quashed by Calcutta High Court as the information has been lightly used which resulted in issuance of notice. …
Compensation for compulsory acquisition of Land, whether agricultural or non agricultural is exempted from Income Tax: ITAT
Compensation for compulsory acquisition of Land, whether agricultural or non agricultural is exempted from Income Tax: ITAT The two-member…
Bombay High Court also stays the reassessment preceding beyond 6 Years- An interim relief Granted
Bombay High Court also stays the reassessment preceding beyond 6 Years- An interim relief Granted The litigation post Ashish…
Delhi High Court also admitted petition against reopening U/s 148A(d) -Granted Interim Relief
Delhi High Court also admitted petition against reopening U/s 148A(d) -Granted Interim Relief In this case, the learned counsel for…
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