One day delay can cost 3% of Interest
One day delay can cost 3% of Interest “You must pay taxes. But there’s no law that says you gotta…
Income Tax
Insurance Sectors employee, Company’s dealer etc to be worst affected by TDS U/s 194R: CA Naresh Jakhotia
Insurance Sectors employee, Company’s dealer etc to be worst affected by TDS U/s 194R: CA Naresh Jakhotia Union Budget – 2022 has…
Around 6.17 Cr ITR filed till 6th Feb 2022
Around 6.17 Cr ITR filed till 6th Feb 2022 Government of India Ministry of Finance Department of Revenue Central Board…
Non-payment of tax in time cannot be treated as a ‘willful attempt’ to evade tax; no prosecution: HC
Non-payment of tax in time cannot be treated as a ‘willful attempt’ to evade tax; no prosecution: HC There are…
Digital Currency: RBI issues Press Release
Digital Currency: RBI issues Press Release Central Bank Digital Currency – Is This the Future of Money1 Introduction The…
Advisory on Search Revamped HSN Code Functionality
Advisory on Search Revamped HSN Code Functionality The Search HSN functionality was earlier given as a measure of facilitation…
Draft Due Diligence Report (DDR) Format
Draft Due Diligence Report (DDR) Format Draft Due Diligence Report (DDR) Format
Non filing of return of income under section 139(1) & validity of refusal of deduction under section 80-IC
Non filing of return of income under section 139(1) & validity of refusal of deduction under section 80-IC Short Overview As per…
UAE announces introduction of corporate tax w.e.f. 1 June 2023: Top 10 Facts
UAE announces introduction of corporate tax w.e.f. 1 June 2023: Top 10 Facts With OECD adopting a minimum tax rate…
Updated Income Tax Returns: An Overview
Updated Income Tax Returns: An Overview 1. New Section 139(8A) is proposed to be introduced to provide for furnishing…
Key Income Tax Proposals in Union Budget -2022
Key Income Tax Proposals in Union Budget -2022 Though no major announcements or tax reliefs were offered to the taxpayers…
CBDT issues Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol to Indias DTAAs with certain countries
CBDT issues Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol to Indias DTAAs with certain countries CBDT issues Clarification…
AO can continue proceedings even if reason supplied by him while rejecting objections not acceptable to assessee: HC
AO can continue proceedings even if reason supplied by him while rejecting objections not acceptable to assessee: HC Financial Software…
Once bogus purchases had gone into profit and loss account, and sales were not doubted, only option left with AO is to make addition of gross profit embedded in bogus purchases
Once bogus purchases had gone into profit and loss account, and sales were not doubted, only option left with AO…
TAXMAN SHOOTING DOWN INNOVATING CLAIMS OF TAXPAYERS
TAXMAN SHOOTING DOWN INNOVATING CLAIMS OF TAXPAYERS Author Shravan Suratwala Chartered Accountant, B.Com., Dip. IFRS (ACCA UK) Brief…
The most chronicle amendment proposed by the Finance Bill -2022: Scheme of reassessment up to 10 years
The most chronicle amendment proposed by the Finance Bill -2022: Scheme of reassessment up to 10 years The…
Finance Bill 2022 & amendment related to Charitable Trust and Institutions
Finance Bill 2022 & amendment related to Charitable Trust and Institutions There are lot many changes and amendment related to Charitable Trust and Institutions which…
Amendment in the Revisionary power provisions of section 263 by the Finance Bill 2022
Amendment in the Revisionary power provisions of section 263 by the Finance Bill 2022 There is an amendment which is proposed in the Revisionary power provisions of section 263…
