New Tax Regime Vs. Old Tax Regime: Which one is Better?
New Tax Regime Vs. Old Tax Regime: Which one is Better? Query] I am a salaried taxpayer with salary,…
Income Tax
Ignorance of law is certainly no excuse but, at the same time, there is no presumption in law that everybody knows the law.
Ignorance of law is certainly no excuse but, at the same time, there is no presumption in law that everybody…
Small company, Directors penalized for not mentioning CIN, Registered office address on Letter Head: ROC, Gujarat.
Small company, Directors penalized for not mentioning CIN, Registered office address on Letter Head: ROC, Gujarat. Here is a…
NCLT Cases: Central Board of Indirect Taxes & Customs (CBIC) releases SOP for NCLT cases to ensure timely claim-filing by Customs/GST authorities
NCLT Cases: Central Board of Indirect Taxes & Customs (CBIC) releases SOP for NCLT cases to ensure timely claim-filing by…
More than 20% of the amount recovered from Taxpayers: Whether excess amount need to be refunded to the Taxpayer?
More than 20% of the amount recovered from Taxpayers: Whether excess amount need to be refunded to the Taxpayer? …
High Court Directed Income Tax Officer to issue NOC for withdrawal from the Capital Gain Deposit Account Scheme (CGDAS)
High Court Directed Income Tax Officer to issue NOC for withdrawal from the Capital Gain Deposit Account Scheme (CGDAS) …
CBDT issued clarification w.r.t. Form No 10AC issued till date
CBDT issued clarification w.r.t. Form No 10AC issued till date 4_5824638203621016348
Hindu father or any other managing member of HUF is empowered to make a gift of ancestral property only for a ‘pious purpose’: Supreme Court
Hindu father or any other managing member of HUF is empowered to make a gift of ancestral property only for…
Development expenses cannot be allowed as a cost of improvement in the absence of evidence: ITAT Pune
Development expenses cannot be allowed as a cost of improvement in the absence of evidence: ITAT Pune Deduction…
No prohibition on NRI from accepting gifts from the relatives under the Income-tax Act
No prohibition on NRI from accepting gifts from the relatives under the Income-tax Act NRI Taxation has been a matter…
HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand
HC imposes cost of Rs. 50,000 on Income-tax Dept. for illegal recovery of disputed tax demand Here is…
Relaxation in paying additional fees in case of delay in filling all the event-based e-forms by LLP
Relaxation in paying additional fees in case of delay in filling all the event-based e-forms by LLP MCA has relaxed…
Challenging the assessment order passed by NFAC as without territorial jurisdiction in Delhi HC
Challenging the assessment order passed by NFAC as without territorial jurisdiction in Delhi Recently, the assessment order passed…
Business Compliance Calendar for June-22*
Business Compliance Calendar for June-22* *INCOME TAX* 07th June 2022- Due date for TDS/TCS payment for May’22. 15th…
Can Bonus shares issued by a company to its shareholders be taxed as income from other sources as they are received without consideration?
Can Bonus shares issued by a company to its shareholders be taxed as income from other sources as they are…
STATUTORY TAX COMPLIANCE TRACKER – FOR JUNE, 2022
STATUTORY TAX COMPLIANCE TRACKER – FOR JUNE, 2022 Statutory Tax Compliance Tracker – for JUNE, 2022 Compliance…
Assessment made on ad hoc basis by disallowing labour expenses without evidences is not maintainable
Assessment made on ad hoc basis by disallowing labour expenses without evidences is not maintainable Revenue’s appeal dismissed: PUNE ITAT…
Amendment by Finance Act, 2021, to section 36(1)(va) and 43B is not clarificatory
Amendment by Finance Act, 2021, to section 36(1)(va) and 43B is not clarificatory Shalimar Agarbatti Company Vs ACIT ITA…
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