Loss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction
Loss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction…
Income Tax
Reassessment Notice issued after 01/04/2021 without following new procedure quashed by Delhi HC: Biggest relief to the taxpayers
Reassessment Notice issued after 01/04/2021 without following new procedure quashed by Delhi HC: Biggest relief to the taxpayers …
Assessee not liable to pay Income Tax as property belongs to HUF of Assessee and not individual: ITAT
Assessee not liable to pay Income Tax as property belongs to HUF of Assessee and not individual: ITAT In Sri…
How to file Trust Audit Report in Form No. 10B
How to file Trust Audit Report in Form No. 10B Overview Form 10B is to be furnished by a charitable or…
The Biggest Retrospective Amendment on section 148 & Section 148A by Union Budget – 2022?
The Biggest Retrospective Amendment on section 148 & Section 148A by Union Budget – 2022? There were numerous petitions that were filed…
More than 7 lakh companies incorporated after announcement of Make in India programme
More than 7 lakh companies incorporated after announcement of Make in India programme ‘Make in India’, is an initiative…
Clarification of holding of Annual General Meeting (AGM) through video Conference (VC) or Other Audio Visual Means (OAVM)
Clarification of holding of Annual General Meeting (AGM) through video Conference (VC) or Other Audio Visual Means (OAVM) General Circular No.…
Income Tax raid on four Credit Cooperative Societies (CCS) & associates at Bangalore.
Income Tax raid on four Credit Cooperative Societies (CCS) & associates at Bangalore. Income Tax Department conducts searches…
Delhi HC Quashed notices issued under section 148 after 31.3.21 without complying with provisions of section 148A.
Delhi HC Quashed notices issued under section 148 after 31.3.21 without complying with provisions of section 148A. After Allahabad high…
Land under the aegis of a town planning authority but administered by a gram panchayat is not a capital asset: ITAT Ahmedabad
Land under the aegis of a town planning authority but administered by a gram panchayat is not a capital asset:…
Section 54 & 54F exemption dependent on date of acquisition & not payment
Section 54 & 54F exemption dependent on date of acquisition & not payment Claim for capital gain exemption is full…
CBDT notifies e-Verification Scheme, 2021
CBDT notifies e-Verification Scheme, 2021 CBDT, vide Notification No. 137 of 2021, dated 13.12.2021 notifies e-Verification Scheme, 2021, made by…
Interest on income tax refund not taxable if at the time of regular assessment demand has been raised against the assessee and refund u/s 143(1) is wiped off.
Interest on income tax refund not taxable if at the time of regular assessment demand has been raised against the…
Severance Pay received by employee for loss of job is capital receipt & not taxable under the Income Tax Act
Severance Pay received by employee for loss of job is capital receipt & not taxable under the Income Tax Act…
Provision for ‘sales incentive’ is deductible under Sec. 37(1): Bombay HC
Provision for ‘sales incentive’ is deductible under Sec. 37(1): Bombay HC CIT v. Maharashtra Hybrid Seeds Co. Ltd. – [2021]…
Payment to UK company for providing access to software to member firms is not taxable: Delhi HC
Payment to UK company for providing access to software to member firms is not taxable: Delhi HC Ey Global Services…
A well elaborated and apt Pre Budget Memorandum by DTPA, Kolkata
A well elaborated and apt Pre Budget Memorandum by DTPA, Kolkata DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt.…
Sale of Agricultural Land is not liable for capital gain tax if it is not a capital asset
Sale of Agricultural Land is not liable for capital gain tax if it is not a capital asset ITAT Ahmedabad…
