ITAT Bangalore Bench order on Section 80P: Deduction U/s 80P allowed in full
IN THE INCOME TAX APPELLATE TRIBUNAL “SMC - A” BENCH : BANGALORE
BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT
M/s. Sahyadri Vividdhodesha Areca Belagararamarata Sahakari Sangha, B5/B6, APMC Yard,
Theerthahalli ...
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The Blogs
ITRs filed this year are even lesser than pandemic years
ITRs filed this year are even lesser than pandemic years
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What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income-tax Act?
What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income-tax Act?
The Income-tax Act does not prescribe any specific books of account for a person engaged in business or in non-specified ...
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Step by Step Procedure for filing application for lower deduction certificate u/s 197 of Income Tax Act ,1961
Step by Step Procedure for filing application for lower deduction certificate u/s 197 of Income Tax Act ,1961
Steps for Registration on TRACES
Visit the site https://contents.tdscpc.gov.in/;
Click on Login and select Register as New User option;
Select ‘Taxpayer’ from the ...
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Revisionary proceedings can be quashed if AO passes assessment order after due application of mind and proper enquiries
Revisionary proceedings can be quashed if AO passes assessment order after due application of mind and proper enquiries
Let us have a short overview of the case:
In this case, the assessee had filed return for relevant Assessment year along with ...
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ITC Claim in GST | 5 Special Cases in GST Input Tax Credit
ITC Claim in GST | 5 Special Cases in GST Input Tax Credit
ITC CLAIMS IN FIVE SPECIAL CASES
GST Input Tax Credit continues to remain the most fundamental part of the GST structure in India. ITC claim in GSTis a ...
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PRESUMPTION OF CONSTRUCTIVE NOTICE CONCERNING THE TRANSFER OF PROPERTY ACT, 1882.
PRESUMPTION OF CONSTRUCTIVE NOTICE CONCERNING THE TRANSFER OF PROPERTY ACT, 1882.
PRESUMPTION OF CONSTRUCTIVE NOTICE CONCERNING THE TRANSFER OF PROPERTY ACT, 1882.
Dear Friends,
As you are aware that there are many malpractices are going on in real estate sector. Some of ...
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AO merely on the guesswork has made the disallowance which is not permissible in the eyes of the law- ITAT deleted the entire ad-hoc additions.
AO merely on the guesswork has made the disallowance which is not permissible in the eyes of the law- ITAT deleted the entire ad-hoc additions.
ITAT Indore has made various remarkable observations in the case of DCIT CENTRAL-II, INDORE VERSUS SHRI ...
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A debatable issue cannot be a subject matter of adjustment u/s. 143(1) of the Income Tax Act-1961
A debatable issue cannot be a subject matter of adjustment u/s. 143(1) of the Income Tax Act-1961
There are various cases wherein the disallowance is done by the CPC Bangalore while processing the return.
The question arises whether it is legally ...
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GST: Services by RBI, IRDA, SEBI, FSSAI, GSTN and cord blood banks are now taxable.
GST: Services by RBI, IRDA, SEBI, FSSAI, GSTN and cord blood banks are now taxable.
GST Rate Change Notification issued on 13-07-2022 to give effect to recommendations made at the 47th GST Council Meeting.
As a result of this, there will ...
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Direction to opening the window for taxpayers to claim transitional credits by Supreme Court
Direction to opening the window for taxpayers to claim transitional credits by Supreme Court
The decision of Delhi HC allowing the benefit to all the taxpayers has become part of the Supreme Court's order in the case of Union of India ...
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Estate & Succession Planning through Wills, Private Trusts & Nomination (V)
Estate & Succession Planning through Wills, Private Trusts & Nomination (V)
In the last issue of The Tax Talk, we have discussed the concept of Private Family Trust as a tool of succession planning. It is not a commonly used ...
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Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once he attained Majority: ITAT
Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once he attained Majority: ITAT
Cash transaction is a matter if various dispute and litigation in the Income Tax Act 1961. Here is an ...
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Supreme Court orders directs opening the window for taxpayers to claim transitional credits
Supreme Court orders directs opening the window for taxpayers to claim transitional credits
The recent ruling in the case of Union of India vs Filco Trade Centre Private Limited* (Supreme Court) will have a wider benefits to various taxpayers of ...
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Where last day for filing of income/loss return is a day on which income-tax office is closed, assessee can file return on next day afterwards on which office is open and return will be considered to have been filed within specified time limit: An Analysis
Where last day for filing of income/loss return is a day on which income-tax office is closed, assessee can file return on next day afterwards on which office is open and return will be considered to have been filed ...
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Trading in Sawn timber is liable for TCS u/s 206C as Forest Produce?
Trading in Sawn timber is liable for TCS u/s 206C as Forest Produce?
Trading in Sawn timber is liable for TCS u/s 206C as Forest Produce?
An important judgment has been delivered in the PCIT(TDS) Kolkata Vs Nirmal Kumar Kejriwal by ...
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Mere possession of the proceeds of crime is money laundering
Mere possession of the proceeds of crime is money laundering
Landmark SC judgement is delivered on 27th July 2022 on the powers of the Enforcement Directorate (ED).
Following are the major observations of the Hon SC in the case of Vijay ...
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What if the Income Tax Returns is not filed within Due Date? Why Worry?
What if the Income Tax Returns is not filed within Due Date? Why Worry?
31st July is the due date for filing income tax return for the majority of the taxpayers. The chances of due date extension for ITR filing also ...
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