Interest income received from Co-operative Bank is eligible for deduction Under Section 80P(2)(d)
Interest income received from Co-operative Bank is eligible for deduction Under Section 80P(2)(d) There are various cases wherein the assessing…
Income Tax
Under Section 75(4) of the Act, an opportunity of hearing shall be granted on the request made by the assessee or where any adverse decision is contemplated against such person: Madras HC
Under Section 75(4) of the Act, an opportunity of hearing shall be granted on the request made by the assessee…
Making March Meaningful – Tax caution before 31st March Ends
Making March Meaningful – Tax caution before 31st March Ends March is always crucial not only for the taxpayers in…
Compensation for sterilisation of profit earning source is a capital receipt not taxable: ITAT Ahmedabad
Compensation for sterilisation of profit earning source is a capital receipt not taxable: ITAT Ahmedabad Here is an important judgement…
Notice dated 31st March 2022 served by email on 16th April, 2022 is a not valid issue of notice u/s 148 of the Income-tax Act,1961
Notice dated 31st March 2022 served by email on 16th April, 2022 is a not valid issue of notice u/s…
Unexplained borrowings to face more tax scrutiny
Unexplained borrowings to face more tax scrutiny It is proposed to amend the provisions of section 68 of the…
Deposit of electricity duty in no-lien escrow account do not satisfy the conditions of payment for the purpose of Section 43B of the Income-tax Act 1961
Deposit of electricity duty in no-lien escrow account do not satisfy the conditions of payment for the purpose of Section…
LIC Maturity proceeds of NRI & it’s Taxation
LIC Maturity proceeds of NRI & it’s Taxation Query) My client (A) has taken insurance policy in the name of…
Existence of books of accounts is an essential condition for addition under section 68
Existence of books of accounts is an essential condition for addition under section 68 Here is an important judgement…
The delay of 6 years in filing revised Income Tax Return (ITR) may be condoned.
The delay of 6 years in filing revised Income Tax Return (ITR) may be condoned. This is what has been…
AO should not take a call on how the assessee should organise his fiscal affairs so as to serve the interests of revenue authorities. : Mumbai ITAT
AO should not take a call on how the assessee should organise his fiscal affairs so as to serve the…
Letting out of the land independently which is part of the business asset of the assessee can be treated as income from business only
Letting out of the land independently which is part of the business asset of the assessee can be treated as…
Maharashtra VAT Amnesty Bonanza announced in State Budget.
Maharashtra VAT Amnesty Bonanza announced in State Budget. 100% waiver of dues under 10,000 Pay 20% of pending dues and…
Employees’ State Insurance (Central) Amendment Rules, 2022.
Employees’ State Insurance (Central) Amendment Rules, 2022. MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 7th March, 2022 G.S.R.…
CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE ALLEGATIONS OF CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE ALLEGATIONS OF MISAPPROPRIATION OF RS.1.62 CRORE (APPROX) AND CONDUCTS SEARCHES
CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE ALLEGATIONS OF CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE…
Reason for reopening” is the document which requires threadbare analysis and careful consideration: Bombay High Court
Reason for reopening” is the document which requires threadbare analysis and careful consideration: Bombay High Court Bombay HC in yet…
“This is a fit case where this Assessing Officer should be saddled with substantial cost to drive home a message that this kind of attitude will not be tolerated ever”: Bombay HC in a case decided under faceless assessment scheme
“This is a fit case where this Assessing Officer should be saddled with substantial cost to drive home a message…
No addition under section 68 possible for cash deposit in the bank account if taxpayer is following presumptive scheme of taxation
No addition under section 68 possible for cash deposit in the bank account if taxpayer is following presumptive scheme of…
