Withdrawals of fund from CGAS is better than using own funds for purchase / construction of the house property
Withdrawals of fund from CGAS is better than using own funds for purchase / construction of the house property …
Income Tax
Validity of the Duty drawback and IGST/unutilized ITC refund of Exporters withheld by categorizing them as “Risky Exporter” on customs portal, Indian Customs EDI System
Validity of the Duty drawback and IGST/unutilized ITC refund of Exporters withheld by categorizing them as “Risky Exporter” on customs…
Bankers to launch complaint against Auditors in case of Willful Default if falsification of accounts is noticed
Bankers to launch complaint against Auditors in case of Willful Default if falsification of accounts is noticed Recently RBI has…
Tax default by the company and power to recover ot from the Director
Tax default by the company and power to recover ot from the Director Through the director and company are independent…
Penalty proceedings u/s 271(1)(c) initiated against the Assessee cannot be levied against the Legal Heir
Penalty proceedings u/s 271(1)(c) initiated against the Assessee cannot be levied against the Legal Heir Hon’ble ITAT held that…
Tax Audit & Payment to the electricity board for electricity in cash exceeding Rs. 10,000 attracts disallowance u/s 40A(3) read with Rule 6DD
Tax Audit & Payment to the electricity board for electricity in cash exceeding Rs. 10,000 attracts disallowance u/s 40A(3) read…
Updated Income Tax Return- An option to file or Revise the ITR of earlier year with additional tax payment
Updated Income Tax Return- An option to file or Revise the ITR of earlier year with additional tax payment …
Input Tax Credits on upfront lease premium vs. Section 17(5)(d)
Input Tax Credits on upfront lease premium vs. Section 17(5)(d) The scope of Section 17(5) is full of controversy and…
Re-assessment proceedings beyond the limitation prescribed under the new law : Notice u/s 148 and order u/s 148A(d) for AY 2018-19 quashed by Delhi High Court
Re-assessment proceedings beyond the limitation prescribed under the new law : Notice u/s 148 and order u/s 148A(d) for AY…
Reopening was set aside by Calcutta High Court as it was done in its entirety without giving any opportunity to reopen the matter on a different issue.
Reopening was set aside by Calcutta High Court as it was done in its entirety without giving any opportunity to…
Non filing of Form No. 10B: Benefit of exemption u/s 11 cannot be denied if otherwise assessee is eligible to claim the same – Mumbai ITAT
Non filing of Form No. 10B: Benefit of exemption u/s 11 cannot be denied if otherwise assessee is eligible to…
All about Notice for demand under section 156
All about Notice for demand under section 156 Various taxpayers are receiving the demand notice under section 156. What is…
Portfolio management fee – CBDT should come out with the clarification
Portfolio management fee – CBDT should come out with the clarification As per the Report of Portfolio Managers filed with…
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…
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…
 ITRs filed on a single day and about 5.83 crore ITRs filed till 31st July, 2022){kind=link}
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