Payments made to UK company under Shared Services Agreement are not Taxable as Royalty: ITAT Mumbai
Payments made to UK company under Shared Services Agreement are not Taxable as Royalty: ITAT Mumbai Deloitte Haskins &…
Income Tax
If AO passes assessment order after due application of mind with proper enquiries – Proceedings u/s 263 would be bad in law
If AO passes assessment order after due application of mind with proper enquiries – Proceedings u/s 263 would be bad…
“Order U/s 148A(d) cannot travel beyond show cause notice” is a good law even under the new reassessment scheme which is effective from 01.04.2021.
“Order U/s 148A(d) cannot travel beyond show cause notice” is a good law even under the new reassessment scheme which…
Cost of Rs.50,000/- imposed on the Department as Order was passed U/s 148A without considering the reply filed by the assessee
Cost of Rs.50,000/- imposed on the Department as Order was passed U/s 148A without considering the reply filed by the…
Sales made by the assessee to cover the cash deposited in the bank post demonetization was sufficient source: Addition made by the AO is not justified.
Sales made by the assessee to cover the cash deposited in the bank post demonetization was sufficient source: Addition made…
Fresh claim before the Assessing Officer by way of a rectification application & the legal position
Fresh claim before the Assessing Officer by way of a rectification application & the legal position There was an issue…
Construction commenced before the date of sale of capital asset allowed as a deduction U/S 54
Construction commenced before the date of sale of capital asset allowed as a deduction U/S 54 Dattatreya Varma Penmatsa (ITA…
All about Capital Gains Deposit Accounts Scheme
All about Capital Gains Deposit Accounts Scheme Any profit arising from transfer of land, building, gold, or any other capital…
“Tax Compliance Tracker – August, 2022”
“Tax Compliance Tracker – August, 2022” Compliance requirement under Income Tax act, 1961 Sl. Compliance Particulars Due…
CBDT prescribed terms & Conditions for claiming exemption in respect of a perquisite by way of reimbursement of expenditure for treatment of Covid-19.
CBDT prescribed terms & Conditions for claiming exemption in respect of a perquisite by way of reimbursement of expenditure for…
Respected Finance Minister, Please merge Income Tax Department & GST Department rather than asking details in Clause No. 44 of the TAR
Respected Finance Minister, Please merge Income Tax Department & GST Department rather than asking details in Clause No. 44 of…
Rs 1,000 crore black money trail detected in tax raid on leading Gujarat business group
Rs 1,000 crore black money trail detected in tax raid on leading Gujarat business group The Income Tax department…
Disclaimer for Clause No. 44 of the Tax Audit Report: Confusion & Clarification
Disclaimer for Clause No. 44 of the Tax Audit Report: Confusion & Clarification The due date for the income tax…
ITAT Bangalore Bench order on Section 80P: Deduction U/s 80P allowed in full
ITAT Bangalore Bench order on Section 80P: Deduction U/s 80P allowed in full IN THE INCOME TAX APPELLATE TRIBUNAL…
ITRs filed this year are even lesser than pandemic years
ITRs filed this year are even lesser than pandemic years WhatsApp Image 2022-08-03 at 8.56.28 AM
What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income-tax Act?
What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income-tax Act?…
Step by Step Procedure for filing application for lower deduction certificate u/s 197 of Income Tax Act ,1961
Step by Step Procedure for filing application for lower deduction certificate u/s 197 of Income Tax Act ,1961 Steps…
Revisionary proceedings can be quashed if AO passes assessment order after due application of mind and proper enquiries
Revisionary proceedings can be quashed if AO passes assessment order after due application of mind and proper enquiries Let us…
