Income Tax Officer cannot disregard the transaction just because it results in a tax advantage to the assessee.
Income Tax Officer cannot disregard the transaction just because it results in a tax advantage to the assessee. Mumbai ITAT…
Income Tax
Fraud reporting by Auditor & Penal Consequences for non-reporting on the auditor
Fraud reporting by Auditor & Penal Consequences for non-reporting on the auditor Audit is an onerous duty on the auditor.…
Kerala HC also admit petitions challenging the validity of faceless assessment procedure under Income Tax
Kerala HC also admit petitions challenging the validity of faceless assessment procedure under Income Tax There are various petition which…
Non issuance of Show Cause Notice and Draft Assessment Order is violation of Section 144B: Court set aside the order
Non issuance of Show Cause Notice and Draft Assessment Order is violation of Section 144B: Court set aside the order…
Legitimate Tax Planning is not illegal
Legitimate Tax Planning is not illegal “You must pay taxes. But there’s no law that says you gotta leave a…
Related Party Transactions By CS. Devershi Gupta
Related Party Transactions By CS. Devershi Gupta With the growing participation of investors and other stakeholders in companies, the question…
Module wise new functionalities deployed on the GST Portal for taxpayers
Module wise new functionalities deployed on the GST Portal for taxpayers 02/12/2021 Various new functionalities are implemented on the GST…
Rights & Duties of the Taxpayers
Rights & Duties of the Taxpayers Government has issued a “Taxpayers Charter” to take care of the rights and duties…
GST on sale of Plots: Landmark Ruling by AAR, MP
GST on sale of Plots: Landmark Ruling by AAR, MP The applicability of GST on the under development plot…
![DGGI Meerut Zonal Unit found entity engaged in supply of Laminates to many non-existent/dummy firms having taxable value of more than Rs. 5000 crores [ITC of Rs.900 crores (approx.)]](https://thetaxtalk.com/wp-content/uploads/2021/12/Untitled-25-1.jpg)
DGGI Meerut Zonal Unit found entity engaged in supply of Laminates to many non-existent/dummy firms having taxable value of more than Rs. 5000 crores [ITC of Rs.900 crores (approx.)]
DGGI Meerut Zonal Unit found entity engaged in supply of Laminates to many non-existent/dummy firms having taxable value of more…
Revisiting New Tax Regime for individuals and Hindu undivided family
Revisiting New Tax Regime for individuals and Hindu undivided family It may be noted that the new tax regime…
Income Tax Department Raids in Dairy Group at Pune revealed unaccounted income of Rs.400 Cr
Income Tax Department Raids in Dairy Group at Pune revealed unaccounted income of Rs.400 Cr Income Tax Department conducts search…
Sweat Equity: By CS. Devershi Gupta
Sweat Equity: By CS. Devershi Gupta Author CS. Devershi Gupta The term sweat equity refers to a person or company’s…
What is TDS under section 194J?
What is TDS under section 194J? The deduction of tax at source or TDS has been very helpful in the…
Income Tax Rules provide for maintenance and retention of books of accounts only by person carrying on specified profession
Income Tax Rules provide for maintenance and retention of books of accounts only by person carrying on specified profession ITAT…
The Landmark Judgment: Rajasthan High Court quashes 148 notices issued on or after 01/04/2021.
The Landmark Judgment: Rajasthan High Court quashes 148 notices issued on or after 01/04/2021. Rajasthan High Court has followed Allahabad…
Business transaction are not in the nature of loan or advances and cannot be taxed as Deemed Dividend u/s 2(22) (e)
Business transaction are not in the nature of loan or advances and cannot be taxed as Deemed Dividend u/s 2(22)…
Rs. 74 Lakh Crore collection of excise duty from fuel in last five years
Rs. 74 Lakh Crore collection of excise duty from fuel in last five years GOVERNMENT OF INDIA MINISTRY OF FINANCE…
