Directors can’t be booked just because a company violated the law.
Directors can’t be booked just because a company violated the law. The Hon’ble Supreme Court has delivered a landmark Judgement on…
Income Tax
All about SFT codes in Annual Information Statement (AIS)
All about SFT codes in Annual Information Statement (AIS) List of SFT Codes SFT- 001: Purchase of bank drafts or…
Post Income Tax Search and Seizure findings of incriminating material and undisclosed income cannot be pressed for supporting the authorization of an Income Tax Search- A Study
Post Income Tax Search and Seizure findings of incriminating material and undisclosed income cannot be pressed for supporting the authorization…
For business, no formal books of accounts required. Only compilation on the basis of bills/vouchers etc would be sufficient
For business, no formal books of accounts required. Only compilation on the basis of bills/vouchers etc would be sufficient ITAT…
Last date for submitting online applications for scrip-based schemes under the Foreign Trade Policy 2015-20 is 31 December 2021 .
Last date for submitting online applications for scrip-based schemes under the Foreign Trade Policy 2015-20 is 31 December 2021 .…
“Such documents as may enable assessing Officer to compute the Income” & the Rules regarding the maintenance of books of accounts under Income Tax Act
“Such documents as may enable assessing Officer to compute the Income” & the Rules regarding the maintenance of books of…
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 …
Importers availing tax credit on extra taxes paid under I-T lenses
Importers availing tax credit on extra taxes paid under I-T lenses GST Department now has started issuing notices to the…
Validity of penalty levied for non maintenance of books of accounts on the basis of statements given during survey if the audit report was furnished at the time of filing income tax return
Validity of penalty levied for non maintenance of books of accounts on the basis of statements given during survey if…
Once it is established that order u/s 263 was made/passed within 2 years, such an order could not be said to be beyond the period of limitation prescribed u/s 263(2).
Once it is established that order u/s 263 was made/passed within 2 years, such an order could not be said…
Allowability of Depreciation on Server, storage and accessories procured by aasessee on lease
Allowability of Depreciation on Server, storage and accessories procured by aasessee on lease Short Overview assessee claimed depreciation on new server,…
Reassessment quashed as there was tangible material in possession of AO at the time of reopening and re-pening based merely on CIB Report alone
Reassessment quashed as there was tangible material in possession of AO at the time of reopening and re-pening based merely…
Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: Madras HC
Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: Madras HC DDIT v. Ms. Sigapi Muthiah…
Disallowance of debit in electronic credit ledger under Rule 86A of CGST Rules, 2017 vs. Recent Guidelines by CBIC
Disallowance of debit in electronic credit ledger under Rule 86A of CGST Rules, 2017 vs. Recent Guidelines by CBIC A…
CBDT notifies ‘E Settlement Scheme, 2021’ vide Notification No. 129/2021-Income Tax Dated: 1st November, 2021.
CBDT notifies ‘E Settlement Scheme, 2021’ vide Notification No. 129/2021-Income Tax Dated: 1st November, 2021. CBDT notifies ‘E Settlement Scheme, 2021’ vide Notification No.…
Unaccounted income exceeding Rs. 200 crore found in Income Tax Raid in Jammu & Kashmir and Punjab
Unaccounted income exceeding Rs. 200 crore found in Income Tax Raid in Jammu & Kashmir and Punjab Income Tax Department…
Withholding of IGST by department on the ground of pending investigation: Bombay HC directed department to refund it expeditiously
Withholding of IGST by department on the ground of pending investigation: Bombay HC directed department to refund it expeditiously There…
Default of employee and liability of the Directors / Promoter: Liability of punishment if default is committed by the Company?
Default of employee and liability of the Directors / Promoter: Liability of punishment if default is committed by the Company? The…
