Quoting of PAN not mandatory for certain categories of person – Rule 114AAB
Quoting of PAN not mandatory for certain categories of person – Rule 114AAB The Income Tax Department has its own…
Income Tax
Draft of Representation to NFRA against proposed abolition of Statutory Audit
Draft of Representation to NFRA against proposed abolition of Statutory Audit To, Shri Narendra Modiji, Hon’ble Prime Minsiter of India,…
Business Compliance Calendar for October-21
Business Compliance Calendar for October-21 INCOME TAX 07th Oct 2021- TDS deducted /TCS collected for the month of September, 2021…
Set off of income offered during survey against Business Loss
Set off of income offered during survey against Business Loss The set off of income offered for taxation during survey…
Payment done prior to transfer of capital assets and flat purchase completed within 3 years: Whether Capital gain exemption available?
Payment done prior to transfer of capital assets and flat purchase completed within 3 years: Whether Capital gain exemption available?…
AO can’t withhold refund to adjust it with demand if no such demand exists at time of refund declaration: HC
AO can’t withhold refund to adjust it with demand if no such demand exists at time of refund declaration: HC…
Capital Gain: The Dilemma of Paying Tax vs. Saving Tax
Capital Gain: The Dilemma of Paying Tax vs. Saving Tax In the last week’s issue of The Tax Talk, we…
Payment of Late Fee under the Income Tax Act – 1961: Allowable deduction or not? Whether the Tax Auditor should report it in an audit report?
Payment of Late Fee under the Income Tax Act – 1961: Allowable deduction or not? Whether the Tax Auditor should…
Gain arising on sale of the business assets (depreciable assets) is in the nature of business income, though it is taxed under the head ‘Capital Gains’
Gain arising on sale of the business assets (depreciable assets) is in the nature of business income, though it is…
Interesting issue: Sale of Depreciable asset after assessee discontinued claiming depreciation on the assets
Interesting issue: Sale of Depreciable asset after assessee discontinued claiming depreciation on the assets Short Overview Where assessee claimed depreciation…
Section 148: Recent Allahabad High Court Judgement
Section 148: Recent Allahabad High Court Judgement 148-Allahabad-High-Court-Judgement-1-1
What is Section Code 194JA and Section Code 194JB?
What is Section Code 194JA and Section Code 194JB? While downloading the form No. 26A, there is a mention of…
Investing in mutual funds? Avoid these mistakes: By Balwant Jain
Investing in mutual funds? Avoid these mistakes: By Balwant Jain Author Balwant Jain Sharp correction of March 2020…
UPI banking interface recorded highest ever, over 3.6 Bn transactions, last month
UPI banking interface recorded highest ever, over 3.6 Bn transactions, last month Ministry of Commerce & Industry “At 87%, India…
CAIT appealed for formation of joint forum to fight unfair business practices, violation of law, Act and Rules by E-commerce companies
CAIT appealed for formation of joint forum to fight unfair business practices, violation of law, Act and Rules by E-commerce companies Confederation…
Twist in the Tale! Finally, Stay for Reassessment proceedings for non-compliance of procedure u/s 148A: Allahabad HC
Twist in the Tale! Finally, Stay for Reassessment proceedings for non-compliance of procedure u/s 148A: Allahabad HC The total twist…
Business disallowance under section 40(a)(ia) on Payment of professional charges if such charges are not claimed in profit and loss account and same being capitalized
Business disallowance under section 40(a)(ia) on Payment of professional charges if such charges are not claimed in profit and loss account…
ICSI requested for extension of time limit for filing of DIR-3 KYC
ICSI requested for extension of time limit for filing of DIR-3 KYC The Institute of Company Secretaries of India …
