‘Month’ means a period of thirty days and not a calendar month.
‘Month’ means a period of thirty days and not a calendar month. The Allahabad High Court in the case of…
Income Tax
Income from Shares Transactions: Few Issues
Income from Shares Transactions: Few Issues 1. Mr. Smart has purchased shares of the listed company on 13.10.2021 and sold…
Legislature cannot be presumed to have intended to give blanket powers to the AO under section 147 for making roving enquiry
Legislature cannot be presumed to have intended to give blanket powers to the AO under section 147 for making roving…
Flat purchased within 3 years from the builder when it was under construction: Whether Capital Gain Exemption available?
Flat purchased within 3 years from the builder when it was under construction: Whether Capital Gain Exemption available? Here…
Income Tax Raids in Assam, Meghalaya & West Bengal revels undisclosed income in excess of Rs. 250 crore
Income Tax Raids in Assam, Meghalaya & West Bengal revels undisclosed income in excess of Rs. 250 crore Ministry of…
Option of the Tax Regime has to be exercised carefully by the Taxpayers with Business Income
Option of the Tax Regime has to be exercised carefully by the Taxpayers with Business Income Income Tax Return…
Rs.43.58 Crore GST fraud detected, one arrested: GST Commissioners advises all the taxpayers are advised to check the legitimacy of input tax credit before taking such credit
Rs.43.58 Crore GST fraud detected, one arrested: GST Commissioners advises all the taxpayers are advised to check the legitimacy of input…
Be Careful: Eway bill and vehicle movement tracking system is readily available with GST field officers.
Be Careful: Eway bill and vehicle movement tracking system is readily available with GST field officers. Be extra careful in…
Income Tax Raids at Bengaluru on contractors revealed inflation of labour expenses amounting to Rs. 382 crore
Income Tax Raids at Bengaluru on contractors revealed inflation of labour expenses amounting to Rs. 382 crore Income Tax Department…
Calculating Turnover in the Share Market Transactions: Intra-Day, Deliver based, Future and Options
Calculating Turnover in the Share Market Transactions: Intra-Day, Deliver based, Future and Options One of the important element of taxation…
If assessee converts his capital assets into stock-in-trade, taxable profit must be determined by deducting from the sale proceeds the market value at the date of their conversion into stock
If assessee converts his capital assets into stock-in-trade, taxable profit must be determined by deducting from the sale proceeds the…
In order to qualify for deduction, the expenditure must be incidental to the business and must have been necessitated or justified by commercial expediency; there must be a direct and intimate connection between the expenditure and the business
In order to qualify for deduction, the expenditure must be incidental to the business and must have been necessitated or…
Action against Statutory Auditor by RBI : Debarred to carry out audit for 2 years
Action against Statutory Auditor by RBI : Debarred to carry out audit for 2 years
A deity falls within the meaning of the word “individual” and can be treated as a unit of assessment
A deity falls within the meaning of the word “individual” and can be treated as a unit of assessment ITAT…
Corpus donations received by Trusts which was not registered u/s 12A/12AA are not taxable as they assume nature of “Capital receipt’
Corpus donations received by Trusts which was not registered u/s 12A/12AA are not taxable as they assume nature of “Capital…
Section 8 Company: Draft format of Memorandum & Article of Association
Section 8 Company: Draft format of Memorandum & Article of Association Whether charitable activities should be carried out by society,…
Fake ITC case of about Rs. 270 crores relating to diamonds unearthed by CGST Commissionerates
Fake ITC case of about Rs. 270 crores relating to diamonds unearthed by CGST Commissionerates Government of India Ministry of…
Income Tax raids reveals unauthorised chit fund business, and all the investments and pay-outs of more than Rs. 400 crore, in the last few years
Income Tax raids reveals unauthorised chit fund business, and all the investments and pay-outs of more than Rs. 400 crore,…
