Income TaxIncome Tax Raids at Bengaluru on contractors revealed inflation of labour expenses amounting to Rs. 382 crore5 years agoIncome Tax Raids at Bengaluru on contractors revealed inflation of labour expenses amounting to Rs. 382 crore Income Tax Department…
Income TaxCalculating Turnover in the Share Market Transactions: Intra-Day, Deliver based, Future and Options5 years agoCalculating Turnover in the Share Market Transactions: Intra-Day, Deliver based, Future and Options One of the important element of taxation…
Income TaxIf assessee converts his capital assets into stock-in-trade, taxable profit must be determined by deducting from the sale proceeds the market value at the date of their conversion into stock5 years agoIf assessee converts his capital assets into stock-in-trade, taxable profit must be determined by deducting from the sale proceeds the…
Income TaxIn order to qualify for deduction, the expenditure must be incidental to the business and must have been necessitated or justified by commercial expediency; there must be a direct and intimate connection between the expenditure and the business5 years agoIn order to qualify for deduction, the expenditure must be incidental to the business and must have been necessitated or…
Income TaxAction against Statutory Auditor by RBI : Debarred to carry out audit for 2 years5 years agoAction against Statutory Auditor by RBI : Debarred to carry out audit for 2 years
Income TaxA deity falls within the meaning of the word “individual” and can be treated as a unit of assessment5 years agoA deity falls within the meaning of the word “individual” and can be treated as a unit of assessment ITAT…
Income TaxIT JudgementCorpus donations received by Trusts which was not registered u/s 12A/12AA are not taxable as they assume nature of “Capital receipt’5 years agoCorpus donations received by Trusts which was not registered u/s 12A/12AA are not taxable as they assume nature of “Capital…
Income TaxSection 8 Company: Draft format of Memorandum & Article of Association5 years agoSection 8 Company: Draft format of Memorandum & Article of Association Whether charitable activities should be carried out by society,…
Income TaxFake ITC case of about Rs. 270 crores relating to diamonds unearthed by CGST Commissionerates5 years agoFake ITC case of about Rs. 270 crores relating to diamonds unearthed by CGST Commissionerates Government of India Ministry of…
Income TaxIncome Tax raids reveals unauthorised chit fund business, and all the investments and pay-outs of more than Rs. 400 crore, in the last few years5 years agoIncome Tax raids reveals unauthorised chit fund business, and all the investments and pay-outs of more than Rs. 400 crore,…
IT JudgementCorporate guarantee forms an international transaction and covered by Explanation to section 92B with retrospective effect5 years agoCorporate guarantee forms an international transaction and covered by Explanation to section 92B with retrospective effect Short Overview The Madras High…
Income TaxITAT exempts Bombay Chamber of Commerce for rendering services in relation to commercial activities5 years agoITAT exempts Bombay Chamber of Commerce for rendering services in relation to commercial activities Bombay Chamber of Commerce & Mackinnon…
Income TaxFiner point of income tax laws of personal taxation one should be aware of BY Balwant Jain5 years agoFiner point of income tax laws of personal taxation one should be aware of BY Balwant Jain Author Balwant…
Income TaxUnexplained cash credit u/s 68: If the Department has accepted the factum of repayment, the additions under section 68 is not sustainable in law.5 years agoUnexplained cash credit u/s 68: If the Department has accepted the factum of repayment, the additions under section 68 is not…
Income TaxSection 55 of Income Tax Act : Can Assessing Officer Reject , the valuation report ?5 years agoSection 55 of Income Tax Act : Can Assessing Officer Reject , the valuation report ? …
Income TaxIncome Tax raid on Pharma groups unearths unaccounted income of Rs 550 Cr5 years agoIncome Tax raid on Pharma groups unearths unaccounted income of Rs 550 Cr 1. The Income Tax Department on…
Income TaxTaxation of Income from Stock Market5 years agoTaxation of Income from Stock Market “The stock market is designed to transfer money from the active to the…
Income TaxCash seizure of over Rs. 142 crore in searches of Income Tax Department in Hyderabad5 years agoCash seizure of over Rs. 142 crore in searches of Income Tax Department in Hyderabad Ministry of Finance…