IT JudgementBombay HC allowed a writ petition for application under Viwad Se Vishwas even when prosecution was launched5 years agoBombay HC allowed a writ petition for application under Viwad Se Vishwas even when prosecution was launched Case: Macrotech Developers…
Income TaxThe country needs to come out of this tax culture that ‘businesses are all fraudulent!’ Even where 12 crore tax has been paid, just because some tax is still due, you can’t start attaching property5 years agoThe country needs to come out of this tax culture that ‘businesses are all fraudulent!’ Even where 12 crore tax…
Income TaxAn Overview of Recent Amendment in Tax Audit Report in Form No 3CD: CA Sahil Dhingra5 years agoAn Overview of Recent Amendment in Tax Audit Report in Form No 3CD: CA Sahil Dhingra An Overview of…
Income TaxNotificationCapital Gain exemption couldn’t be disallowed if investment is made by assessee in his wife’s name5 years agoCapital Gain exemption couldn’t be disallowed if investment is made by assessee in his wife’s name Shankar Lal Kumawat v.…
Income TaxAll you need to know about Senior Citizen Saving Scheme5 years agoAll you need to know about Senior Citizen Saving Scheme Senior Citizen Saving Scheme was initiated by the…
IT JudgementExemption under section 11 could not be denied on the ground that the audit report was not filed online along with the return.5 years agoExemption under section 11 could not be denied on the ground that the audit report was not filed online along…
Income TaxThe time limit of reckoning for section 54 is to be read as 139(4) and not as 139(1) as section 139(4) is also a sub-set of section 139(1).5 years agoThe time limit of reckoning for section 54 is to be read as 139(4) and not as 139(1) as section…
IT JudgementNo addition can be made for an unabated assessment, unless incriminating materials are unearthed during search qua the assessment year under consideration.5 years agoNo addition can be made for an unabated assessment, unless incriminating materials are unearthed during search qua the assessment year…
Income TaxTaxation of NRI & An Overview of Section 6 of Income Tax Act : CA Sahil Dhingra5 years agoTaxation of NRI & An Overview of Section 6 of Income Tax Act : CA Sahil Dhingra . Residence…
Income TaxAn Overview of Concessional Tax Slab Rates (A.Y. 2021-22) CA Sahil Dhingra5 years agoAn Overview of Concessional Tax Slab Rates (A.Y. 2021-22) CA Sahil Dhingra S.No. Tax Slab Rate of Income Tax…
Income TaxLONG TERM CAPITAL GAIN (SECTION 112A)5 years agoLONG TERM CAPITAL GAIN (SECTION 112A) Introduction: To Minimize economic distortions and curb erosion of tax base, Section 112A provides…
Income TaxAll about Sukanya samriddhi scheme5 years agoAll about Sukanya samriddhi scheme Sukanya samriddhi scheme was launched by Indian government in 2015 with an aim…
Income TaxImportant circular of RBI on Asset classification of advances after expiry of covid regulatory package5 years agoImportant circular of RBI on Asset classification of advances after expiry of covid regulatory package Important circular of RBI…
Income TaxAll about E-Invoicing In addition to the attachment herewith, it may ne noted that the GSTN has clarified as under:5 years agoAll about E-Invoicing In addition to the attachment herewith, it may ne noted that the GSTN has clarified as under:…
IT JudgementAllowability of deduction under section 36(1)(vii) towards Bad debts written off if amount was debited by way of debit Note5 years agoAllowability of deduction under section 36(1)(vii) towards Bad debts written off if amount was debited by way of debit Note…
Income TaxITC allowed in respect of supplies made as part of CSR activities as the same are not “gifts” under Section 17(5)(h)5 years agoITC allowed in respect of supplies made as part of CSR activities as the same are not “gifts” under Section…
Income TaxA flabbergasting dispute between Sachin Tendulkar and assessing officer5 years agoA flabbergasting dispute between Sachin Tendulkar and assessing officer Sachin Tendulkar has been declaring himself as an actor in income…
Income TaxFee received from licensing a fully furnished hotel along with permission to run hotel is a business receipt5 years agoFee received from licensing a fully furnished hotel along with permission to run hotel is a business receipt Dodla International…