Blocking of ITC when credit not available in ledger is without jurisdiction and illegal: HC
Blocking of ITC when credit not available in ledger is without jurisdiction and illegal: HC There is an interesting ruling…
Income Tax
E-invoicing limit reduced from Rs 50 crore to 20 crore with effect from 1st April 2022.
E-invoicing limit reduced from Rs 50 crore to 20 crore with effect from 1st April 2022. Many MSME will now…
No deduction U/s 37 for freebies paid to Doctors paid by Pharmaceutical Companies
No deduction U/s 37 for freebies paid to Doctors paid by Pharmaceutical Companies The Finance Bill 2022 has also proposed…
Charitable Activity: Anything incidental or ancillary to the main object has to be read along with and in conjunction with the main object
Charitable Activity: Anything incidental or ancillary to the main object has to be read along with and in conjunction with…
Recommendations by CAG on the Compliance of Tax provisions specific to Co-operative Societies and Co-operative Banks
Recommendations by CAG on the Compliance of Tax provisions specific to Co-operative Societies and Co-operative Banks Report No. 16 of…
New charitable Trust Registration: Chart showing Forms & Time Limit
New charitable Trust Registration: Chart showing Forms & Time Limit Here is a chart showing the Forms Number…
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…
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…
