Income Tax

If Long Term Capital Gain declared by the assessee is genuine, it can not be assessed as unexplained cash credit under section 68 of the Act.

5 years ago

If Long Term Capital Gain declared by the assessee is genuine, it can not be assessed as unexplained cash credit…

Income Tax

Whether assessee can make fresh claim during assessment proceeding?

5 years ago

Whether assessee can make fresh claim during assessment proceeding? An assessee is entitled to make a fresh claim or modify…

Bank Audit Income Tax

If is found that some of the audit procedures detailed in the SAs were not in fact complied with, it may tantamount to the auditor making a deliberately false declaration in his report and the consequences for the auditor could be very serious indeed: NFRA

5 years ago

If is found that some of the audit procedures detailed in the SAs were not in fact complied with, it…

Income Tax

Income Tax Raids on four major Steel Rolling Mills Groups Maharashtra.

5 years ago

Income Tax Raids on four major Steel Rolling Mills Groups Maharashtra. Ministry of Finance Income Tax Department conducts searches in…

Income Tax

Taxation of Gratuity taxable on superannuation?

5 years ago

Taxation of Gratuity taxable on superannuation? Is gratuity taxable on superannuation? Gratuity is one of the most important elements of…

Income Tax

Supreme Court recalled the suo-moto limitation period order for filing of cases in view of the COVID second wave

5 years ago

Supreme Court recalled the suo-moto limitation period order for filing of cases in view of the COVID second wave The…

Income Tax

LEAVE ENCASHMENT AT THE TIME OF RETIREMENT: TAXATION & PLANNING

5 years ago

LEAVE ENCASHMENT AT THE TIME OF RETIREMENT: TAXATION & PLANNING One of the components received by the employee…

Income Tax

Cases Excluded from Faceless Assessment: CBDT issues order u/s 119

5 years ago

Cases Excluded from Faceless Assessment: CBDT issues order u/s 119 F. No. 187/3/2020-ITA-I Government of India Ministry of Finance Department…

Income Tax

CBIC issued Notification No. 36/2021 to amend Notification No. 03/2021

5 years ago

CBIC issued Notification No. 36/2021 to amend Notification No. 03/2021 (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New…

Income Tax

If a claim is not made in the original return, it can be made during the assessment proceeding

5 years ago

If a claim is not made in the original return, it can be made during the assessment proceeding ITAT Mumbai…

Income Tax

Exemption to trust is not allowable if Form No. 10 is not filed: ITAT

5 years ago

Exemption to trust is not allowable if Form No. 10 is not filed: ITAT Navodaya Education Trust v. DCIT –…

Income Tax

Saving Long Term Capital Gain Tax by investing the amount in 54EC Bonds: Points & Precaution

5 years ago

Saving Long Term Capital Gain Tax by investing the amount in 54EC Bonds: Points & Precaution One of the common…

IT Judgement

Provisions of section 40(a)(ia) are attracted only if expenses are claimed in profit and loss account and not when the same are capitalized

5 years ago

Provisions of section 40(a)(ia) are attracted only if expenses are claimed in profit and loss account and not when the…

IT Judgement

Taxation of Income Surrendered in survey & relevant Head of income applicable to such surrendered income

5 years ago

Taxation of Income Surrendered in survey & relevant Head of income applicable to such surrendered income Short Overview Income declared in…

Income Tax

MSME’S UNDER IBC REGIME

5 years ago

MSME’s under IBC Regime IBC refers to Insolvency and Bankruptcy Code, 2016, the Bankruptcy Law of India which seeks to…

Income Tax

How to decide which tax regime is better?

5 years ago

How to decide which tax regime is better? An option to opt for new tax regime is now given to…

Income Tax

Do you have to disclose assets in your ITR ?- Balwant Jain

5 years ago

Do you have to disclose assets in your ITR ?- Balwant Jain Author Balwant Jain Why the requirement to…

Income Tax

If the company satisfies the condition, the claim for deduction of CSR expenses u/s 80G of the Act is to be allowed

5 years ago

If the company satisfies the condition, the claim for deduction of CSR expenses u/s 80G of the Act is to…

Income Tax

If Long Term Capital Gain declared by the assessee is genuine, it can not be assessed as unexplained cash credit under section 68 of the Act.

Whether assessee can make fresh claim during assessment proceeding?

If is found that some of the audit procedures detailed in the SAs were not in fact complied with, it may tantamount to the auditor making a deliberately false declaration in his report and the consequences for the auditor could be very serious indeed: NFRA

Income Tax Raids on four major Steel Rolling Mills Groups Maharashtra.

Taxation of Gratuity taxable on superannuation?

Supreme Court recalled the suo-moto limitation period order for filing of cases in view of the COVID second wave

LEAVE ENCASHMENT AT THE TIME OF RETIREMENT: TAXATION & PLANNING

Cases Excluded from Faceless Assessment: CBDT issues order u/s 119

CBIC issued Notification No. 36/2021 to amend Notification No. 03/2021

If a claim is not made in the original return, it can be made during the assessment proceeding

Exemption to trust is not allowable if Form No. 10 is not filed: ITAT

Saving Long Term Capital Gain Tax by investing the amount in 54EC Bonds: Points & Precaution

Provisions of section 40(a)(ia) are attracted only if expenses are claimed in profit and loss account and not when the same are capitalized

Taxation of Income Surrendered in survey & relevant Head of income applicable to such surrendered income

MSME’S UNDER IBC REGIME

How to decide which tax regime is better?

Do you have to disclose assets in your ITR ?- Balwant Jain

If the company satisfies the condition, the claim for deduction of CSR expenses u/s 80G of the Act is to be allowed

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