Assessee can seek extension or shelter of Court if unreasonably short time granted in summons: HC
Assessee can seek extension or shelter of Court if unreasonably short time granted in summons: HC S.K. Metal v. Assistant…
Income Tax
Agricultural activity on leased land: Whether Agricultural Income or not?
Agricultural activity on leased land: Whether Agricultural Income or not? Taxation of agricultural income has always been an issue of interest as…
Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies (NBFCs)
Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies (NBFCs) Reserve Bank of India RBI/2021-22/175 DoS.CO.PPG.SEC/10/11.01.005/2021-22 February 23, 2022…
Purchase of Immovable properties by Non Residents: A Short Overview
Purchase of Immovable properties by Non Residents: A Short Overview 1. NRIs/OCIs are governed by provisions of FEMA 1999 and…
Interest earned by co-op societies on investments with Co-operative Bank is deductible u/s 80P(2)(d) or u/s 80P(2)(a)(i)?
Interest earned by co-op societies on investments with Co-operative Bank is deductible u/s 80P(2)(d) or u/s 80P(2)(a)(i)? Short Overview Interest…
Income from sale of Mushroom Spawn grown by assessee: Whether agricultural income even if there is no use of land
Income from sale of Mushroom Spawn grown by assessee: Whether agricultural income even if there is no use of land…
Letting out of land independently which is part of business asset of assessee can be treated as income from business
Letting out of land independently which is part of business asset of assessee can be treated as income from business…
Income Tax Benefits for Retired Employee
Income Tax Benefits for Retired Employee Income Tax Benefits for Retired Employee
No retractions by assessee post survey tantamount to acceptance of undisclosed income: Seized documents & Statement together must be read as a whole
No retractions by assessee post survey tantamount to acceptance of undisclosed income: Seized documents & Statement together must be read…
Deduction is to be allowed for belated payment of employee contribution to PF/ESI, deposited beyond due date stipulated under relevant statutes governing PF/ESI but deposited before due date for filing ITR u/s 139(1) of the 1961 Act
Deduction is to be allowed for belated payment of employee contribution to PF/ESI, deposited beyond due date stipulated under relevant…
Merely because some surplus was generated, Activities cannot be regarded as commercial in nature.
Merely because some surplus was generated, Activities cannot be regarded as commercial in nature. The issue before the Calcutta…
Wonderful Judgment by Madras HC: The provisions of the GST enactments cannot be interpreted so as to deny the right to carry on Trade and Commerce to a citizen and subjects.
Wonderful Judgment by Madras HC: The provisions of the GST enactments cannot be interpreted so as to deny the right…
Employing additional labour in the factory? – Don’t forget to claim additional deduction
Employing additional labour in the factory? – Don’t forget to claim additional deduction There is an additional tax incentives for…
SEBI proposes new disclosures for loss making companies intending to issue an IPO
SEBI proposes new disclosures for loss making companies intending to issue an IPO Let us know in brief about the…
Notice u/s 148 issued for which approval was granted just within 15 minutes prior to getting approval: Entire proceedings quashed by Bombay HC
Notice u/s 148 issued for which approval was granted just within 15 minutes prior to getting approval: Entire proceedings quashed by…
Assessee is not required to cross-examine individuals whose sworn statements will not be used against the Assessee
Assessee is not required to cross-examine individuals whose sworn statements will not be used against the Assessee The issue before…
Minimising tax liabilities through lawful means is not illegal: Mumbai ITAT
Minimising tax liabilities through lawful means is not illegal: Mumbai ITAT The dividing line between tax planning and tax avoidance…
Part of sale consideration retained in Escrow Account is deemed to have accrued to assessee and should be considered while computing capital gains u/s 48
Part of sale consideration retained in Escrow Account is deemed to have accrued to assessee and should be considered while…
