Non registration of Joint Development Agreement – No capital gain Taxation even if possession handed over
Non registration of Joint Development Agreement – No capital gain Taxation even if possession handed over as advances or loans,…
Income Tax
Business Compliance Calendar for December-2021
Business Compliance Calendar for December-2021 INCOME TAX 07th Dec 2021- TDS deducted /TCS collected for the month of Novemebr, 2021…
Salaried taxpayers without business income are not required to file Form 10-IE
Salaried taxpayers without business income are not required to file Form 10-IE Now, the individual taxpayers have a choice to…
BCAS Representation regarding recent fresh registration granted to charitable institutions
BCAS Representation regarding recent fresh registration granted to charitable institutions Bombay Chartered Accountants Society Harnessing Talent and Providing Quality Service…
Acting Tough: Disciplinary action against 17 Chartered Accountants taken by ICAI
Acting Tough: Disciplinary action against 17 Chartered Accountants taken by ICAI THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set…
Validity of Assessment after special audit under section 142(2A) if Mechanical approval granted by CIT just to extend limitation under section 153(1)
Validity of Assessment after special audit under section 142(2A) if Mechanical approval granted by CIT just to extend limitation under section…
Unexplained creditors and addition u/s 68: Assessee had proved the payment through banking channels in the next year
Unexplained creditors and addition u/s 68: Assessee had proved the payment through banking channels in the next year Short Overview…
Bogus Purchases: Entire purchases could not be brought to tax but only the profit element could be brought to tax
Bogus Purchases: Entire purchases could not be brought to tax but only the profit element could be brought to tax Short Overview In…
Income Tax Department conducts search operations on two major real estate developers of Ludhiana
Income Tax Department conducts search operations on two major real estate developers of Ludhiana The Income Tax Department initiated search…
Know information which is shown in Annual Information Statement (AIS)
Know information which is shown in Annual Information Statement (AIS) Annual Information Statement (AIS) categories: The new Form 26AS…
Reassessment proceedings could not be held invalid merely on the reasoning that there was no addition made by AO on account of freight expenses of Bogus Purchase
Reassessment proceedings could not be held invalid merely on the reasoning that there was no addition made by AO on…
Adjusting tax liability against purchase input to be deemed as actual payment eligible for Sec. 43B relief: HC
Adjusting tax liability against purchase input to be deemed as actual payment eligible for Sec. 43B relief: HC Merck Ltd.…
Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT
Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT Short…
Foreign tax credit can be claimed even when Form 67 is filed belatedly: ITAT Bangalore
Foreign tax credit can be claimed even when Form 67 is filed belatedly: ITAT Bangalore Ms. Brinda RamaKrishna vs ITO…
Pre-Budget Memorandum for Union Budget – 2022
Pre-Budget Memorandum for Union Budget – 2022 Ref : G/1/197 November 15, 2021 Smt Nirmalaji Sitharaman, Hon’ble Union Finance Minister, Government of India,…
Whether interest on late payment of TDS can be imposed on an assessee where clearance of the assessee’s cheque for TDS payment is delayed due to technical error on part of the bank?
Whether interest on late payment of TDS can be imposed on an assessee where clearance of the assessee’s cheque for…
Draft Letter for Stay of Demand by the Income Tax Officer
Draft Letter for Stay of Demand by the Income Tax Officer The moment the demand is raised in assessment or…
Whetherany incriminating material found during the course of an Income Tax Search on any other person can be consideredin the assessment under Section 153A of the assessee- A study
Whetherany incriminating material found during the course of an Income Tax Search on any other person can be consideredin the…
