Income TaxAre you looking to buy a house, buy it during this festive season to reap more benefits? By Balwant Jain5 years ago Are you looking to buy a house, buy it during this festive season to reap more benefits? By Balwant…
Income TaxGuidelines for disallowing debit of electronic credit ledger under Rule 86A of the CGST Rules, 20175 years agoGuidelines for disallowing debit of electronic credit ledger under Rule 86A of the CGST Rules, 2017 CBIC has issued a detailed…
Income TaxHousing Society: RWA can claim ITC on the input services proportionately5 years agoHousing Society: RWA can claim ITC on the input services proportionately An issue of admissibility of ITC by RWA was…
Income TaxGuidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)5 years agoGuidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)…
Income TaxKnow Your Statutory Compliances for the Month of November -20215 years agoKnow Your Statutory Compliances for the Month of November -2021 INCOME TAX ACT, GST ACT & OTHER ACT’S COMPLIANCE CALENDAR…
Income TaxAudit report was duly furnished along with ITR – However, no Books of accounts found during Survey: Penalty cannot be imposed simpliciter5 years agoAudit report was duly furnished along with ITR – However, no Books of accounts found during Survey: Penalty cannot be…
Income TaxHeavy Cash Deposits in the Bank: Adition not sustainable if the taxpayers submits the plethora of evidences and AO failed to justify its non genuineness5 years agoHeavy Cash Deposits in the Bank: Adition not sustainable if the taxpayers submits the plethora of evidences and AO failed…
Income TaxCan an NRI buy property in India? By Balwant Jain5 years agoCan an NRI buy property in India? By Balwant Jain Author Balwant Jain Purchase and acquisition of immovable properties in…
Income TaxCheck the authenticity of the notice at Income Tax Portal5 years agoCheck the authenticity of the notice at Income Tax Portal The Income Tax Act has been amended and the Central…
Income TaxAll about Annual Information Statement (26AS)5 years agoAll about Annual Information Statement (26AS) The Income Tax Department has announced a new statement – AIS (Annual Information Statement).…
Income TaxInflated Purchases, unrecorded sales, accommodation entry etc revealed in Income Tax Raid in Bihar & Jharkhand5 years agoInflated Purchases, unrecorded sales, accommodation entry etc revealed in Income Tax Raid in Bihar & Jharkhand The Income Tax Department…
Income TaxNew Form 26AS – Roll out of new Annual Information Statement (AIS) to contain more information and features5 years agoNew Form 26AS – Roll out of new Annual Information Statement (AIS) to contain more information and features The Income…
Income TaxWhether the amendment to the provisions to section 43B and 36(1)(va) of the Act by the Finance Act, 2021, has to be construed as retrospective and applicable for the period prior to 01.04.2021 also?5 years agoWhether the amendment to the provisions to section 43B and 36(1)(va) of the Act by the Finance Act, 2021, has…
Income TaxFaceless assessment order set aside as time frame provided to assessee was too short to respond to Show Cause Notice (SCN)5 years agoFaceless assessment order set aside as time frame provided to assessee was too short to respond to Show Cause Notice…
Income TaxBurden is on assessee to prove no wilful intention not to file Income Tax Returns: Madra HC5 years agoBurden is on assessee to prove no wilful intention not to file Income Tax Returns: Madra HC All taxpayers…
Income TaxShares Transactions & the Dilemma of Business Income vs. Capital Gain5 years agoShares Transactions & the Dilemma of Business Income vs. Capital Gain Two persons with the same income can have different…
Income TaxWithholding of IGST by department on the ground of pending investigation: Bombay HC directed department to refund it expeditiously5 years agoWithholding of IGST by department on the ground of pending investigation: Bombay HC directed department to refund it expeditiously There…
Income TaxUnaccounted income of Rs. 200 Cr found during Income Tax Raids in Punjab: Bogus Intra group Transactions, Use of employee’s account for receiving fund, etc5 years agoUnaccounted income of Rs. 200 Cr found during Income Tax Raids in Punjab: Bogus Intra group Transactions, Use of employee’s…