Guide to Registration by Casual Taxable Person:
Guide to Registration by Casual Taxable Person: I want to take a Registration as a Casual Taxable Person but…
Income Tax
When there is a Compulsory Withdrawal from Composition Levy
When there is a Compulsory Withdrawal from Composition Levy 1. What is meant by Compulsory Withdrawal from Composition Levy?…
INCOME THAT DOESN’T TAX YOU
INCOME THAT DOESN’T TAX YOU Income and Income Tax are normally coined together. Further, India follows progressive system of…
Merely because the assessee claimed deduction which has not been accepted by the Revenue do not amount to furnishing inaccurate particulars regarding the income of the assessee.
Merely because the assessee claimed deduction which has not been accepted by the Revenue do not amount to furnishing inaccurate…
Self-acquired property of deceased Hindu governed by Dayabhaga school devolving in heirs is an individual property and not HUF Property.
Self-acquired property of deceased Hindu governed by Dayabhaga school devolving in heirs is an individual property and not HUF Property.…
Corporate Social Responsibility: An Overview
Corporate Social Responsibility: An Overview Author CS. Devershi Gupta cs.devershigupta97@gmail.com Corporate Social Responsibility (CSR) is a management concept…
A proviso cannot be construed as enlarging the scope of an enactment when it can be fairly and properly construed without attributing to it that effect.
A proviso cannot be construed as enlarging the scope of an enactment when it can be fairly and properly construed…
A sudden search and seizure may unnerve the inmates of the place where the search is made. But this is to be expected: Supreme Court
A sudden search and seizure may unnerve the inmates of the place where the search is made. But this is…
In case money is borrowed by a newly started company which is in the process of constructing and erecting its plant, the interest incurred before the commencement of production on such borrowed money can be capitalised and added to the cost of the fixed assets: Supreme Court
In case money is borrowed by a newly started company which is in the process of constructing and erecting its…
No penalty should be imposed unless the party either acted deliberately in defiance of law or was guilty of conduct contumacious or dishonest: Supreme Court
No penalty should be imposed unless the party either acted deliberately in defiance of law or was guilty of conduct…
Stay of demand may be granted if additions were made are debatable and thus assessee has made prima facie case.
Stay of demand may be granted if additions were made are debatable and thus assessee has made prima facie case.…
Sale consideration cannot be determined only on the basis of Form 26AS.
Sale consideration cannot be determined only on the basis of Form 26AS. Jaya Prakash Vs ITO ITA No.1374/Bang/2018 Short…
Where the assessee objects to the adoption of stamp duty valuation as deemed sale consideration during the assessment proceedings, the AO is duty bound to make a reference to the DVO to determine the value of the property as per s. 50C(2).
Where the assessee objects to the adoption of stamp duty valuation as deemed sale consideration during the assessment proceedings, the…
For the purpose of determination of deemed consideration u/s 50C of the Act, stamp duty value of the property as on the date of execution of agreement to sale should be adopted, instead of value on the date of execution of sale deed.
For the purpose of determination of deemed consideration u/s 50C of the Act, stamp duty value of the property as…
No penalty for non audit if Assessee is prevented by reasonable cause for not getting its accounts audited u/s 44AB within prescribed time
No penalty for non audit if Assessee is prevented by reasonable cause for not getting its accounts audited u/s 44AB…
“FAQ’s on SEBI (LODR) Amendments dated 05th May, 2021”
“FAQ’s on SEBI (LODR) Amendments dated 05th May, 2021” Securities and Exchange Board of India (SEBI) vide notification /…
Assessee and her two daughters inherited in their individual capacity one-third share each in the estate of deceased who had died intestate—They were not capable of forming an HUF among themselves or of throwing the interest of any one of them in the inherited property therein
Assessee and her two daughters inherited in their individual capacity one-third share each in the estate of deceased who had…
Basic requirement for claiming relief under s. 54(1) that the assessee should invest the sale proceeds in the construction of another residential house. Whether assessee himself constructs the house or gets it constructed by a contractor or a third party is immaterial
Basic requirement for claiming relief under s. 54(1) that the assessee should invest the sale proceeds in the construction of…
 that the assessee should invest the sale proceeds in the construction of another residential house. Whether assessee himself constructs the house or gets it constructed by a contractor or a third party is immaterial){kind=link}
 that the assessee should invest the sale proceeds in the construction of another residential house. Whether assessee himself constructs the house or gets it constructed by a contractor or a third party is immaterial&description=&image=https://thetaxtalk.com/wp-content/uploads/2021/07/Untitled-4155-10.jpg){kind=link}