Income TaxNo exemptions of RCM on GTA where freight is ₹1500 or ₹750. Now Reverse Charge on GTA services will be applicable from ₹14 years agoNo exemptions of RCM on GTA where freight is ₹1500 or ₹750. Now Reverse Charge on GTA services will be…
Income TaxTaxation of benefit & Perquisite of business and Profession: Controversy and litigation ahead in section 194R4 years agoTaxation of benefit & Perquisite of business and Profession: Controversy and litigation ahead in section 194R Every new…
Income TaxExtension of Due Date of filing Income Tax Returns?4 years agoExtension of Due Date of filing Income Tax Returns? Government want the tax compliances on the time bound basis.…
Income TaxPRESUMPTION OF CONSTRUCTIVE NOTICE CONCERNING THE TRANSFER OF PROPERTY ACT, 1882.4 years agoPRESUMPTION OF CONSTRUCTIVE NOTICE CONCERNING THE TRANSFER OF PROPERTY ACT, 1882. PRESUMPTION OF CONSTRUCTIVE NOTICE CONCERNING THE TRANSFER OF…
Income TaxWhy PAN CARD should be taken even if you are not earning income4 years agoWhy PAN CARD should be taken even if you are not earning income This is one of the most…
Income TaxRevised return: Taking a contrary stand for claiming exemption which is specifically claimed earlier in original return of income is not permissible.4 years agoRevised return: Taking a contrary stand for claiming exemption which is specifically claimed earlier in original return of income is…
IT JudgementExemption which was specifically not claimed earlier while filing the original return of income is not permissible in Revised Return: Supreme Court4 years agoExemption which was specifically not claimed earlier while filing the original return of income is not permissible in Revised Return:…
IT JudgementGenuine defaults by the Companies and the Landmark Supreme Court judgement in the case of Vidarbha Industries Power Limited4 years agoGenuine defaults by the Companies and the Landmark Supreme Court judgement in the case of Vidarbha Industries Power Limited …
Income TaxValidity of addition by AO by simply saying that the loan creditor companies are paper companies and the assessee is involved in money laundering4 years agoValidity of addition by AO by simply saying that the loan creditor companies are paper companies and the assessee is…
Income TaxROC, Bangalore imposes penalty of Rs. 10 lakh on the company for failure to co-opt MD as Additional Director4 years agoROC, Bangalore imposes penalty of Rs. 10 lakh on the company for failure to co-opt MD as Additional Director …
IT JudgementNo investment made after claiming Sec. 54B relief can’t be held as willful tax evasion if facts weren’t suppressed: HC4 years agoNo investment made after claiming Sec. 54B relief can’t be held as willful tax evasion if facts weren’t suppressed: HC…
IT JudgementExpenses incurred to raise floor height of warehouse to prevent water logging during monsoon is revenue exp.: HC4 years agoExpenses incurred to raise floor height of warehouse to prevent water logging during monsoon is revenue exp.: HC …
Income TaxCondonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year 2018-19 and sequent years4 years agoCondonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year…
Income TaxWidening the scope of digital signature: Form No.3CEF,101A,68,etc made mandatory for digital signature4 years agoWidening the scope of digital signature: Form No.3CEF,101A,68,etc made mandatory for digital signature Government of India Ministry of Finance…
Income TaxTwo PAN Cards allotted to Assessee: ITAT directs to Cancel One and Allows TDS Credit4 years agoTwo PAN Cards allotted to Assessee: ITAT directs to Cancel One and Allows TDS Credit M/s. Taradevi Jyoti Kumar…
Income TaxFiling of Income Tax Returns-Importance of Due Date4 years agoFiling of Income Tax Returns-Importance of Due Date Before continuing the series of articles on Estate & Succession…
Income TaxCBDT standardizes Process for Approval/Renewal of Electoral Trust4 years agoCBDT standardizes Process for Approval/Renewal of Electoral Trust Under clause (22AAA) of Section 2 of the Income-tax Act, 1961…
IT JudgementReassessment initiated on the basis of change of opinion not valid – Assessment quashed by Bombay HC4 years agoReassessment initiated on the basis of change of opinion not valid – Assessment quashed by Bombay HC There are a…