Error in filing ITR 7 if section 44AB option is not selected
Error in filing ITR 7 if section 44AB option is not selected Query – We are trying to…
Income Tax
Income Tax Department conducts searches on Healthcare Provider Groups in Haryana and Delhi-NCR
Income Tax Department conducts searches on Healthcare Provider Groups in Haryana and Delhi-NCR Government of India Ministry of Finance…
No demand and penalty should be levied under the GST laws in absence of intent to evade tax: Delhi High Court
No demand and penalty should be levied under the GST laws in absence of intent to evade tax: Delhi High…
Disciplinary action against Chartered Accountant & the Limitation provided under Rule 12 of the CA (PIPAMAO) Rules, 2007
Disciplinary action against Chartered Accountant & the Limitation provided under Rule 12 of the CA (PIPAMAO) Rules, 2007 There was…
Deduction towards Bad Debts Written Off: No deduction U/s 37 permissible if a provision for expense is expressly excluded from Section 36 (1) (vii)
Deduction towards Bad Debts Written Off: No deduction U/s 37 permissible if a provision for expense is expressly excluded from…
Income Tax Department conducts searches in Rajasthan
Income Tax Department conducts searches in Rajasthan …
Withdrawals & Closure of the Capital Gain Account Scheme (CGAS)
Withdrawals & Closure of the Capital Gain Account Scheme (CGAS) Query 1] I have opened capital gain A/C in…
Clause 44 of Tax Audit Report vs. Bad Debts, GST on RCM, Depreciation, Electricity, Salary, Interest to Bank & Others, Late Fee
Clause 44 of Tax Audit Report vs. Bad Debts, GST on RCM, Depreciation, Electricity, Salary, Interest to Bank & Others,…
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…
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…
