Income TaxUnaccounted income of over Rs. 184 crore revealed in Income Tax Raid in Maharashtra5 years agoUnaccounted income of over Rs. 184 crore revealed in Income Tax Raid in Maharashtra The Income Tax Department carried…
Income TaxWhether remuneration to partner can be disallowed on the ground of being excessive, even if it is within the limit u/s 40(b)?5 years agoWhether remuneration to partner can be disallowed on the ground of being excessive, even if it is within the limit…
Income TaxBelated filing of Form No. 10B and power of CBDT to condone the delay5 years agoBelated filing of Form No. 10B and power of CBDT to condone the delay Little Angels Education Society…
Income TaxRegistration of transactions of assignment of receivables under Factoring Regulation Act, 20115 years agoRegistration of transactions of assignment of receivables under Factoring Regulation Act, 2011 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New…
Income TaxIT JudgementCapital Gain exemption if multiple flats received pursuant to Joint Development Agreement5 years agoCapital Gain exemption if multiple flats received pursuant to Joint Development Agreement ITAT Bangalore in the case of Ganga…
Income TaxCarelessness by Assessing Officer: Hon’ble Court may impose costs to be recovered from his/her salary & place such judicial orders in the career records of such Assessing Officer.5 years agoCarelessness by Assessing Officer: Hon’ble Court may impose costs to be recovered from his/her salary & place such judicial orders…
Income TaxNon Resident Taxpayers exempted from the requirement of furnishing a return of income from assessment year 2021 2022 onwards vide5 years agoNon Resident Taxpayers exempted from the requirement of furnishing a return of income from assessment year 2021 2022 onwards vide…
Income TaxDelhi CGST Officials arrested UK qualified MBA from for fraudulently claiming ITC of Rs 134 crore5 years agoDelhi CGST Officials arrested UK qualified MBA from for fraudulently claiming ITC of Rs 134 crore The officers of Central…
Income TaxRevision order U/S 263 has to be passed and not necessarily served within the period of 2 years: Supreme Court.5 years agoRevision order U/S 263 has to be passed and not necessarily served within the period of 2 years: Supreme Court.…
Income TaxThe provision of s. 40A(3) is to be invoked when the Department has evidence with itself that the assessee has made payments in cash exceeding the limits prescribed in the section.5 years agoThe provision of s. 40A(3) is to be invoked when the Department has evidence with itself that the assessee has…
Income Tax‘Month’ means a period of thirty days and not a calendar month.5 years ago‘Month’ means a period of thirty days and not a calendar month. The Allahabad High Court in the case of…
Income TaxIncome from Shares Transactions: Few Issues5 years agoIncome from Shares Transactions: Few Issues 1. Mr. Smart has purchased shares of the listed company on 13.10.2021 and sold…
Income TaxLegislature cannot be presumed to have intended to give blanket powers to the AO under section 147 for making roving enquiry5 years agoLegislature cannot be presumed to have intended to give blanket powers to the AO under section 147 for making roving…
Income TaxIT JudgementFlat purchased within 3 years from the builder when it was under construction: Whether Capital Gain Exemption available?5 years agoFlat purchased within 3 years from the builder when it was under construction: Whether Capital Gain Exemption available? Here…
Income TaxIncome Tax Raids in Assam, Meghalaya & West Bengal revels undisclosed income in excess of Rs. 250 crore5 years agoIncome Tax Raids in Assam, Meghalaya & West Bengal revels undisclosed income in excess of Rs. 250 crore Ministry of…
Income TaxOption of the Tax Regime has to be exercised carefully by the Taxpayers with Business Income5 years agoOption of the Tax Regime has to be exercised carefully by the Taxpayers with Business Income Income Tax Return…
GSTIncome TaxRs.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 credit5 years agoRs.43.58 Crore GST fraud detected, one arrested: GST Commissioners advises all the taxpayers are advised to check the legitimacy of input…
Income TaxBe Careful: Eway bill and vehicle movement tracking system is readily available with GST field officers.5 years agoBe Careful: Eway bill and vehicle movement tracking system is readily available with GST field officers. Be extra careful in…