Income Tax

It is axiomatic that computer literacy has not reached its pinnacle in our country. Technical glitches at the transition stage to GST should not affect above said statutory right of dealers: Kerala HC

5 years ago

It is axiomatic that computer literacy has not reached its pinnacle in our country. Technical glitches at the transition stage…

Income Tax

No retrospecive applicability – Finally big relief for Vodophone and Cairns.

5 years ago

No retrospecive applicability – Finally big relief for Vodophone and Cairns. The Taxation Laws (Amendment ) Bill, 2021 introduced…

Income Tax

AO does not assess income for which reasons were recorded u/s 147, he cannot assess other income u/s 147

5 years ago

AO does not assess income for which reasons were recorded u/s 147, he cannot assess other income u/s 147 …

Income Tax

Extension of Due Date of Various forms under Income Tax which were due on 31st July done today in view of glitches in new portal

5 years ago

Extension of Due Date of Various forms under Income Tax which were due on 31st July done today in view…

Income Tax

Assessing Officer is not required to disclose the “Reason to believe to conduct a search” on the taxpayers

5 years ago

Assessing Officer is not required to disclose the “Reason to believe to conduct a search” on the taxpayers Finance…

Income Tax

Section 80P Deduction allowable to Co-Operative Credit Society as it is not a Co-Operative Bank: ITAT

5 years ago

Section 80P Deduction allowable to Co-Operative Credit Society as it is not a Co-Operative Bank: ITAT The Kem Hospital…

GST Income Tax

Exhaustive Business Compliance Calendar for August-2021

5 years ago

Exhaustive Business Compliance Calendar for August-2021 INCOME TAX TDS 07th August 2021- TDS deducted /TCS collected for the month…

Income Tax

Whether amount yet to be received can be taxed on a hypothetical assumption arising from the amount to be received?

5 years ago

Whether amount yet to be received can be taxed on a hypothetical assumption arising from the amount to be received? …

Income Tax

Claim of deduction towards TDS receivable written off, its disallowance by Assessing Officer and Validity of Penalty levied

5 years ago

Claim of deduction towards TDS receivable written off, its disallowance by Assessing Officer and Validity of Penalty levied Claim…

IT Judgement

Capital Gain exemption cannot be denied on the ground that Sale Deed has not yet been got registered

5 years ago

Capital Gain exemption cannot be denied on the ground that Sale Deed has not yet been got registered+ There…

Income Tax

Compliance chart for August 2021

5 years ago

Compliance chart for August 2021 COMPLIANCE CHART FO RAUGUST2021 …

Income Tax

Deduction is available towards Construction of houses for the needy persons by the assessee as it was not only as a social responsibility but also keeping in mind the goodwill and benefit it would yield in the long run in earning profit: Karnatak HC

5 years ago

Deduction is available towards Construction of houses for the needy persons by the assessee as it was not only as…

Income Tax

Payment in a lump sum does not necessarily make the payment a capital one. It may still possess revenue character in the same way as a series of payments and may be eligible for deduction: Supreme Court

5 years ago

Payment in a lump sum does not necessarily make the payment a capital one. It may still possess revenue character…

Income Tax

The membership fees received by the trade association are not related to any specific services rendered by it to its members and hence it is not taxable.

5 years ago

The membership fees received by the trade association are not related to any specific services rendered by it to its…

Income Tax

Non-interest bearing deposits received by assessee from letting out its premises could not be subject-matter of addition by recourse to s. 28(iv)

5 years ago

Non-interest bearing deposits received by assessee from letting out its premises could not be subject-matter of addition by recourse to…

Income Tax

Reopening of assessment u/s 147 on mere change of opinion is not permissible. If the AO while framing original assessment has taken a view, he cannot turn around subsequently on change of opinion

5 years ago

Reopening of assessment u/s 147 on mere change of opinion is not permissible. If the AO while framing original assessment…

Income Tax

Various Penalties Under the Income Tax Act: A compilation

5 years ago

Various Penalties Under the Income Tax Act: A compilation There are various penalties for various defaults in the Income…

Income Tax

Falling Interest Rate: Know about Sukanya Samridhi Yojana & Senior Citizens Saving Scheme

5 years ago

Falling Interest Rate: Know about Sukanya Samridhi Yojana & Senior Citizens Saving Scheme Drastic reductions in the interest rate of…

Income Tax

It is axiomatic that computer literacy has not reached its pinnacle in our country. Technical glitches at the transition stage to GST should not affect above said statutory right of dealers: Kerala HC

No retrospecive applicability – Finally big relief for Vodophone and Cairns.

AO does not assess income for which reasons were recorded u/s 147, he cannot assess other income u/s 147

Extension of Due Date of Various forms under Income Tax which were due on 31st July done today in view of glitches in new portal

Assessing Officer is not required to disclose the “Reason to believe to conduct a search” on the taxpayers

Section 80P Deduction allowable to Co-Operative Credit Society as it is not a Co-Operative Bank: ITAT

Exhaustive Business Compliance Calendar for August-2021

Whether amount yet to be received can be taxed on a hypothetical assumption arising from the amount to be received?

Claim of deduction towards TDS receivable written off, its disallowance by Assessing Officer and Validity of Penalty levied

Capital Gain exemption cannot be denied on the ground that Sale Deed has not yet been got registered

Compliance chart for August 2021

Deduction is available towards Construction of houses for the needy persons by the assessee as it was not only as a social responsibility but also keeping in mind the goodwill and benefit it would yield in the long run in earning profit: Karnatak HC

Payment in a lump sum does not necessarily make the payment a capital one. It may still possess revenue character in the same way as a series of payments and may be eligible for deduction: Supreme Court

The membership fees received by the trade association are not related to any specific services rendered by it to its members and hence it is not taxable.

Non-interest bearing deposits received by assessee from letting out its premises could not be subject-matter of addition by recourse to s. 28(iv)

Reopening of assessment u/s 147 on mere change of opinion is not permissible. If the AO while framing original assessment has taken a view, he cannot turn around subsequently on change of opinion

Various Penalties Under the Income Tax Act: A compilation

Falling Interest Rate: Know about Sukanya Samridhi Yojana & Senior Citizens Saving Scheme

Recent Posts

Recent Posts

Sign Up to New letter