Investment made out of undisclosed business income not liable for taxation u/s Section 69 & 115BBE
Investment made out of undisclosed business income not liable for taxation u/s Section 69 & 115BBE ITAT Chandigarh in the…
Income Tax
Dear CA, Non validation of audit report at income portal would result in treating it as invalid, to attract provisions related to non-compliance.
Dear CA, Non validation of audit report at income portal would result in treating it as invalid, to attract provisions related to…
Union Budget – 2021: Few Amendments related to Businesses
Union Budget – 2021: Few Amendments related to Businesses No deduction towards employee’s share of PF/ESIC if the same is…
In the absence of the notice under section 143(2), assessment framed by AO was liable to be quashed as invalid
In the absence of the notice under section 143(2), assessment framed by AO was liable to be quashed as invalid…
If the grievance is filed by assessee and officer is found to have acted in defiance of the directions, then strict disciplinary action should be initiated against the concerned officer: Gujarat HC
If the grievance is filed by assessee and officer is found to have acted in defiance of the directions, then…
Irregularities during search proceedings: Officer assured court that there would be no such complaint in future
Irregularities during search proceedings: Officer assured court that there would be no such complaint in future Dr. Satish Dhavale, ADG…
Income Tax Raids in Bengaluru : Rs. 402 Cr of Disclosure
Income Tax Raids in Bengaluru : Rs. 402 Cr of Disclosure Press-Release-IT-Department-conducts-searches-in-Bengaluru-dated-18-02-2021
Validity of Detention of goods if Value quoted in invoice lower than maximum retail price of goods
Validity of Detention of goods if Value quoted in invoice lower than maximum retail price of goods IN THE…
Taxation of Employee Stock Option, whether perquisite under section 17, if option was granted when employee was NRI
Taxation of Employee Stock Option, whether perquisite under section 17, if option was granted when employee was NRI Income Tax Act,…
Validity of Assessment under section 153A if no incriminating material found during search
Validity of Assessment under section 153A if no incriminating material found during search Income Tax Act, 1961, Section 153A Search and…
CBDT notifies amendments in Faceless Assessment Scheme
CBDT notifies amendments in Faceless Assessment Scheme Amendment to Faceless Assessment Scheme
FSSAI notifies Alcoholic Beverage Standards’ amendment Regulations
FSSAI notifies Alcoholic Beverage Standards’ amendment Regulations The Food Safety and Standards (Alcoholic Beverages) First Amendment Regulations, 2020 …
Rating of Audit Firms to reduce the risk of Fraud
Rating of Audit Firms to reduce the risk of Fraud
Rs 1500 cr undisclosed income detected with the gutka producer:
Rs 1500 cr undisclosed income detected with the gutka producer: 1. The Income Tax Department has detected unaccounted transactions of…
Advocates enrolled with Bar Council must be allowed to register as professionals on MCA portal for Co. registration: HC
Advocates enrolled with Bar Council must be allowed to register as professionals on MCA portal for Co. registration: HC Shikha…
Depreciation on Intangible asset & Right to collect toll
Depreciation on Intangible asset & Right to collect toll Short Overview Assessee also incurred expenditure in constructing Amritsar Bus Terminal…
Landmark Judgment: Section 40(a)(i) and (ia) provides for disallowance only in respect of expenditure, which is revenue in nature, therefore, the provision does not apply to claim for depreciation
Landmark Judgment: Section 40(a)(i) and (ia) provides for disallowance only in respect of expenditure, which is revenue in nature, therefore,…
(i) and (ia) provides for disallowance only in respect of expenditure, which is revenue in nature, therefore, the provision does not apply to claim for depreciation){kind=link}
(i) and (ia) provides for disallowance only in respect of expenditure, which is revenue in nature, therefore, the provision does not apply to claim for depreciation&description=&image=https://thetaxtalk.com/wp-content/uploads/2021/02/Untitled-3071.jpg){kind=link}