Income Tax

Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021

5 years ago

Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021 MCA inserts vide Notification No. G.S.R. 580(E) dated…

IT Judgement

Interesting Judgement: Profit from the sale of jaggery is not an agricultural income as conversion of sugarcane into jaggery was also not an essential process to make sugarcane marketable.

5 years ago

Interesting Judgement: Profit from the sale of jaggery is not an agricultural income as conversion of sugarcane into jaggery was…

IT Judgement

Activity of assessee for converting gold bricks, biscuits or bars, into jewellery amounted to production or manufacture of a new article and accordingly, qualifies for deduction under section 80-IB.

5 years ago

Activity of assessee for converting gold bricks, biscuits or bars, into jewellery amounted to production or manufacture of a new…

Income Tax

Input tax credit is not admissible on Air-conditioning and Cooling System and Ventilation System, as this is blocked credit falling under Section 17(5)(c) CGST Act.

5 years ago

Input tax credit is not admissible on Air-conditioning and Cooling System and Ventilation System, as this is blocked credit falling…

Income Tax

Know about Section Code in Form No. 26AS

5 years ago

Know about Section Code in Form No. 26AS Form NO. 26AS merely mentions the section quote and doesn’t mention…

Income Tax

INCREASE IN THE COST OF INCOME TAX DEPARTMENT IN FY 2020-21; REVEALED RTI APPLICATION

5 years ago

INCREASE IN THE COST OF INCOME TAX DEPARTMENT IN FY 2020-21; REVEALED RTI APPLICATION As new and new technology…

Income Tax

Power of Court to admit additional ground during appeal: Assessee submitted that the additional grounds were legal grounds and go to the root of the matter and all the facts necessary for the adjudication of the grounds were on record.

5 years ago

Power of Court to admit additional ground during appeal: Assessee submitted that the additional grounds were legal grounds and go…

Income Tax

Reversal of ITC in cases of loss by consumption of input which is inherent to manufacturing loss is misconceived: Madras HC

5 years ago

Reversal of ITC in cases of loss by consumption of input which is inherent to manufacturing loss is misconceived: Madras HC…

Income Tax

Save Rs. 4242 Cr, Restore Old Income Tax Portal: Indian Taxpayers

5 years ago

Save Rs. 4242 Cr, Restore Old Income Tax Portal: Indian Taxpayers Union Minister for Finance & Corporate Affairs Smt.…

Income Tax

Importance of SFT Code in Form No. 26AS: What does it signify

5 years ago

Importance of SFT Code in Form No. 26AS: What does it signify SFT refers to the Specified Financial Transaction.…

Income Tax

Capital Gain Tax on Joint Development Agreement : Only Taxability is postponed and not the date of Transfer

5 years ago

Capital Gain Tax on Joint Development Agreement : Only Taxability is postponed and not the date of Transfer Income…

Income Tax

Enjoy ! Laban & Lassi have same contents and characteristics and is exempt from GST: AAR Karnataka

5 years ago

Enjoy ! Laban & Lassi have same contents and characteristics and is exempt from GST: AAR Karnataka. Recently, Gujarat…

Income Tax

Date after Dates! FM asked Infosys to resolve the issue till 15th September! Taxpayers suggest the restoration of old income tax portal which would not only result in saving of around Rs. 4000 Cr of the Government but also result in better compliance for the taxpayers.

5 years ago

Date after Dates! FM asked Infosys to resolve the issue till 15th September! Taxpayers suggest the restoration of old income…

IT Judgement

Writ maintanable on the Principles of Natural Justice if sufficient opportunity was not granted to petitioner

5 years ago

Writ maintanable on the Principles of Natural Justice if sufficient opportunity was not granted to petitioner Article 226 Since…

Income Tax

Know about TCS Section Code in Form No. 26AS

5 years ago

Know about TCS Section Code in Form No. 26AS Form No. 26AS merely mentions the section code and doesn’t…

Income Tax

Payment of interest by way of conversion into loans: SC allows deduction u/s 43B

5 years ago

Payment of interest by way of conversion into loans: SC allows deduction u/s 43B Commissioner of Income-tax, Delhiv. M.M. Aqua…

Income Tax

Booking flat which yet to be constructed under a housing project is eligible for sec. 54 relief: ITAT

5 years ago

Booking flat which yet to be constructed under a housing project is eligible for sec. 54 relief: ITAT SMT.…

Income Tax

Landmark Judgement: For Capital Gain Exemption, it is not specified in the legislation that the investment is to be in the name of the assessee

5 years ago

Landmark Judgement: For Capital Gain Exemption, it is not specified in the legislation that the investment is to be in…

Income Tax

Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021

Interesting Judgement: Profit from the sale of jaggery is not an agricultural income as conversion of sugarcane into jaggery was also not an essential process to make sugarcane marketable.

Activity of assessee for converting gold bricks, biscuits or bars, into jewellery amounted to production or manufacture of a new article and accordingly, qualifies for deduction under section 80-IB.

Input tax credit is not admissible on Air-conditioning and Cooling System and Ventilation System, as this is blocked credit falling under Section 17(5)(c) CGST Act.

Know about Section Code in Form No. 26AS

INCREASE IN THE COST OF INCOME TAX DEPARTMENT IN FY 2020-21; REVEALED RTI APPLICATION

Power of Court to admit additional ground during appeal: Assessee submitted that the additional grounds were legal grounds and go to the root of the matter and all the facts necessary for the adjudication of the grounds were on record.

Reversal of ITC in cases of loss by consumption of input which is inherent to manufacturing loss is misconceived: Madras HC

Save Rs. 4242 Cr, Restore Old Income Tax Portal: Indian Taxpayers

Importance of SFT Code in Form No. 26AS: What does it signify

Capital Gain Tax on Joint Development Agreement : Only Taxability is postponed and not the date of Transfer

Enjoy ! Laban & Lassi have same contents and characteristics and is exempt from GST: AAR Karnataka

Date after Dates! FM asked Infosys to resolve the issue till 15th September! Taxpayers suggest the restoration of old income tax portal which would not only result in saving of around Rs. 4000 Cr of the Government but also result in better compliance for the taxpayers.

Writ maintanable on the Principles of Natural Justice if sufficient opportunity was not granted to petitioner

Know about TCS Section Code in Form No. 26AS

Payment of interest by way of conversion into loans: SC allows deduction u/s 43B

Booking flat which yet to be constructed under a housing project is eligible for sec. 54 relief: ITAT

Landmark Judgement: For Capital Gain Exemption, it is not specified in the legislation that the investment is to be in the name of the assessee

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