Income TaxTaxation of deposits which were neither claimed nor returned to the party concerned5 years agoTaxation of deposits which were neither claimed nor returned to the party concerned Short Overview Though amount received originally was…
Income TaxAll about Trust Audit report in Form No. 10B5 years agoAll about Trust Audit report in Form No. 10B 1. What is Form 10B? Form 10B enables a taxpayer to…
Income TaxApproval granted by superior authority in mechanical manner defeated the very purpose of obtaining approval and need to be quashed: ITAT5 years agoApproval granted by superior authority in mechanical manner defeated the very purpose of obtaining approval and need to be quashed:…
Income TaxDepartment is going public with a lively session on ITR filing5 years agoDepartment is going public with a lively session on ITR filing Directorate of PR, P & P is airing a…
Income TaxNo disallowance of input tax credit can be done on the ground that the purchases made by petitioners are from non-existing suppliers 5 years agoNo disallowance of input tax credit can be done on the ground that the purchases made by petitioners are from…
Income TaxIT JudgementCBDT issued instructions asking AO to upload information on the portal of assessee by 31.12.2021 for AY 2015-16 & 2018-19 for reopening of asstt.5 years agoCBDT issued instructions asking AO to upload information on the portal of assessee by 31.12.2021 for AY 2015-16 & 2018-19 for…
Income TaxPrincipal Chief Commissioner directed to hold an enquiry against the concerned erring officers: Court started fixing the accountability5 years agoPrincipal Chief Commissioner directed to hold an enquiry against the concerned erring officers: Court started fixing the accountability In a…
Income TaxIncome Tax Department Raids on 4 Assets Reconstruction Companies (ARC)5 years agoIncome Tax Department Raids on 4 Assets Reconstruction Companies (ARC) Income Tax Department conducts searches in Mumbai The Income Tax…
Income TaxPROCERURE TO REGISTER AS LEGAL HEIR WITH INCOME TAX DEPARTMENT PORTAL5 years agoPROCERURE TO REGISTER AS LEGAL HEIR WITH INCOME TAX DEPARTMENT PORTAL Register as Legal Heir (applicable in case of any…
Income TaxExtension of due dates of Income tax returns & submission of Tax audit reports for FY 2020-21 (AY 2021-22): Appealed by Gujarat Chamber of Commerce & Industry5 years agoExtension of due dates of Income tax returns & submission of Tax audit reports for FY 2020-21 (AY 2021-22): Appealed…
Income TaxIf the transactions are genuine and supported by valid documents then the ITC cannot be denied: Calcutta High Court5 years agoIf the transactions are genuine and supported by valid documents then the ITC cannot be denied: Calcutta High Court Calcutta…
Income TaxNo Date Extension? 3.59 crore Income Tax Returns filed on the new e-filing portal of the Income Tax Department5 years agoNo Date Extension? 3.59 crore Income Tax Returns filed on the new e-filing portal of the Income Tax Department Senior…
Income TaxITC can be availed on plant & machinery as defined in the explanation to Section 17 i.e., on apparatus, equipment & machinery fixed to earth by foundation or structural support5 years agoITC can be availed on plant & machinery as defined in the explanation to Section 17 i.e., on apparatus, equipment…
Income TaxNational Chamber of Industries & Commerce, U.P. gave elaborated Pre Budget Memorandum to the Finance Minister Smt. Nirmala Sitharaman: Represented for taxation of agricultural income in the hands of the corporate5 years agoNational Chamber of Industries & Commerce, U.P. gave elaborated Pre Budget Memorandum to the Finance Minister Smt. Nirmala Sitharaman: Represented…
Income TaxIT JudgementLoss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction5 years agoLoss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction…
Income TaxReassessment Notice issued after 01/04/2021 without following new procedure quashed by Delhi HC: Biggest relief to the taxpayers5 years agoReassessment Notice issued after 01/04/2021 without following new procedure quashed by Delhi HC: Biggest relief to the taxpayers …
Income TaxAssessee not liable to pay Income Tax as property belongs to HUF of Assessee and not individual: ITAT5 years agoAssessee not liable to pay Income Tax as property belongs to HUF of Assessee and not individual: ITAT In Sri…
Income TaxHow to file Trust Audit Report in Form No. 10B5 years agoHow to file Trust Audit Report in Form No. 10B Overview Form 10B is to be furnished by a charitable or…