Income TaxWhy Taxpayer should apply for Stay of Demand immediately after filing Income Tax Appeal?5 years agoWhy Taxpayer should apply for Stay of Demand immediately after filing Income Tax Appeal? The moment the demand is…
ArticleEverything about Annual Information Statement (AIS)5 years ago Everything about Annual Information Statement (AIS) The Income Tax Department has been releasing various materials for update and awareness of…
Income TaxAvoiding Mistakes & errors while filing Income Tax Returns5 years agoAvoiding Mistakes & errors while filing Income Tax Returns “I just filled out my income tax forms. Who says…
Income TaxExpenditure during trial run & Validity of its adjustment against trial run income5 years agoExpenditure during trial run & Validity of its adjustment against trial run income Short Overview Assessee had rightly netted off expenditure…
IT JudgementPrior Period Expenses: No deduction if there is no evidence that expenses had been crystallized during the year5 years agoPrior Period Expenses: No deduction if there is no evidence that expenses had been crystallized during the year Short Overview…
Income TaxCBIC launches online digital application for scheduling of examination of cargo for traders at ICD Tughlakabad, Delhi5 years agoCBIC launches online digital application for scheduling of examination of cargo for traders at ICD Tughlakabad, Delhi As a major…
Income TaxDeduction towards Education Cess: Analysis and Impact of section 40(a)(ii)5 years agoDeduction towards Education Cess: Analysis and Impact of section 40(a)(ii) ITAT Delhi in the case of Qualcomm India Pvt. Ltd.…
Income TaxScale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs5 years agoScale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs Reserve Bank of India RBI/2021-22/112 DOR.CRE.REC.No.60/03.10.001/2021-22 October 22, 2021 All…
Income TaxBusiness deduction under section 35D towards Fees to ROC for increase in capital5 years agoBusiness deduction under section 35D towards Fees to ROC for increase in capital Short Overview ROC expenses as fees for enhancement…
Income TaxNon-deduction of tax at source on the export commission and validity of disallowance under section 40(a)(i)5 years agoNon-deduction of tax at source on the export commission and validity of disallowance under section 40(a)(i) There is an important…
Income TaxNRI selling Property in India: Taxation and Precaution5 years agoNRI selling Property in India: Taxation and Precaution There are lot of Indians who have migrated out of India and…
Income TaxInvestment of the deposits is also the part of the business activity & so interest or dividend income of credit society would be eligible for deduction under section 80P(2).5 years agoInvestment of the deposits is also the part of the business activity & so interest or dividend income of credit society…
Income TaxIf books of account of the assessee is rejected by Assessing Officer, item-wise disallowance can not be done. It cannot be said that it shall be good for one purpose, and not for other.5 years agoIf books of account of the assessee is rejected by Assessing Officer, item-wise disallowance can not be done. It cannot be…
IT JudgementValidity of addition done purely on basis of noting in diary impounded during survey without any corroborative evidence5 years agoValidity of addition done purely on basis of noting in diary impounded during survey without any corroborative evidence …
Income TaxDirectors can’t be booked just because a company violated the law.5 years agoDirectors can’t be booked just because a company violated the law. The Hon’ble Supreme Court has delivered a landmark Judgement on…
Income TaxAll about SFT codes in Annual Information Statement (AIS)5 years agoAll about SFT codes in Annual Information Statement (AIS) List of SFT Codes SFT- 001: Purchase of bank drafts or…
Income TaxPost 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 Study5 years agoPost Income Tax Search and Seizure findings of incriminating material and undisclosed income cannot be pressed for supporting the authorization…
Income TaxFor business, no formal books of accounts required. Only compilation on the basis of bills/vouchers etc would be sufficient5 years agoFor business, no formal books of accounts required. Only compilation on the basis of bills/vouchers etc would be sufficient ITAT…