Check the authenticity of the notice at Income Tax Portal
Check the authenticity of the notice at Income Tax Portal The Income Tax Act has been amended and the Central…
Income Tax
All about Annual Information Statement (26AS)
All about Annual Information Statement (26AS) The Income Tax Department has announced a new statement – AIS (Annual Information Statement).…
Inflated Purchases, unrecorded sales, accommodation entry etc revealed in Income Tax Raid in Bihar & Jharkhand
Inflated Purchases, unrecorded sales, accommodation entry etc revealed in Income Tax Raid in Bihar & Jharkhand The Income Tax Department…
New Form 26AS – Roll out of new Annual Information Statement (AIS) to contain more information and features
New Form 26AS – Roll out of new Annual Information Statement (AIS) to contain more information and features The Income…
Whether 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?
Whether the amendment to the provisions to section 43B and 36(1)(va) of the Act by the Finance Act, 2021, has…
Faceless assessment order set aside as time frame provided to assessee was too short to respond to Show Cause Notice (SCN)
Faceless assessment order set aside as time frame provided to assessee was too short to respond to Show Cause Notice…
Burden is on assessee to prove no wilful intention not to file Income Tax Returns: Madra HC
Burden is on assessee to prove no wilful intention not to file Income Tax Returns: Madra HC All taxpayers…
Shares Transactions & the Dilemma of Business Income vs. Capital Gain
Shares Transactions & the Dilemma of Business Income vs. Capital Gain Two persons with the same income can have different…
Withholding of IGST by department on the ground of pending investigation: Bombay HC directed department to refund it expeditiously
Withholding of IGST by department on the ground of pending investigation: Bombay HC directed department to refund it expeditiously There…
Unaccounted income of Rs. 200 Cr found during Income Tax Raids in Punjab: Bogus Intra group Transactions, Use of employee’s account for receiving fund, etc
Unaccounted income of Rs. 200 Cr found during Income Tax Raids in Punjab: Bogus Intra group Transactions, Use of employee’s…
No rectification of error permissible in GST: All the Taxpayers has to be extra careful as Bharti Airtel’s Plea for refund of Rs.923 Crore rejected by Hon’ble Supreme Court
No rectification of error permissible in GST: All the Taxpayers has to be extra careful as Bharti Airtel’s Plea for…
No penalty for wife receiving cash from husband for purchase of family property:
No penalty for wife receiving cash from husband for purchase of family property: There is a rule in Income…
No incriminating materials found or seized at the time of search – No justification for the initiation of assessment proceedings U/s 153A: Orissa High Court
No incriminating materials found or seized at the time of search – No justification for the initiation of assessment proceedings…
How much gold you can own? By Balwant Jain
How much gold you can own? By Balwant Jain Author Balwant Jain Since Diwali is round the corner many…
Assessment order framed by AO without jurisdiction is void
Assessment order framed by AO without jurisdiction is void IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” (Virtual Court Hearing), BENCH…
No additional fees on filing of e-forms AOC-4/AOC-4 CFS/AOC-4 XBRL and MGT-7/MGT-7A for the FY 20-21 upto 31.12.2021
No additional fees on filing of e-forms AOC-4/AOC-4 CFS/AOC-4 XBRL and MGT-7/MGT-7A for the FY 20-21 upto 31.12.2021
Blocking electronic credit ledger under Rule 86A must precede with reason recorded in writing and such reasons would be open to challenge at appropriate forum.
Blocking electronic credit ledger under Rule 86A must precede with reason recorded in writing and such reasons would be open…
Interest on premature closure of the deposit in case of death of depositor before and after lock-in period
Interest on premature closure of the deposit in case of death of depositor before and after lock-in period Reserve Bank…
