The 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).
The time limit of reckoning for section 54 is to be read as 139(4) and not as 139(1) as section…
Income Tax
No addition can be made for an unabated assessment, unless incriminating materials are unearthed during search qua the assessment year under consideration.
No addition can be made for an unabated assessment, unless incriminating materials are unearthed during search qua the assessment year…
Taxation of NRI & An Overview of Section 6 of Income Tax Act : CA Sahil Dhingra
Taxation of NRI & An Overview of Section 6 of Income Tax Act : CA Sahil Dhingra . Residence…
An Overview of Concessional Tax Slab Rates (A.Y. 2021-22) CA Sahil Dhingra
An Overview of Concessional Tax Slab Rates (A.Y. 2021-22) CA Sahil Dhingra S.No. Tax Slab Rate of Income Tax…
LONG TERM CAPITAL GAIN (SECTION 112A)
LONG TERM CAPITAL GAIN (SECTION 112A) Introduction: To Minimize economic distortions and curb erosion of tax base, Section 112A provides…
All about Sukanya samriddhi scheme
All about Sukanya samriddhi scheme Sukanya samriddhi scheme was launched by Indian government in 2015 with an aim…
Important circular of RBI on Asset classification of advances after expiry of covid regulatory package
Important circular of RBI on Asset classification of advances after expiry of covid regulatory package Important circular of RBI…
All about E-Invoicing In addition to the attachment herewith, it may ne noted that the GSTN has clarified as under:
All about E-Invoicing In addition to the attachment herewith, it may ne noted that the GSTN has clarified as under:…
Allowability of deduction under section 36(1)(vii) towards Bad debts written off if amount was debited by way of debit Note
Allowability of deduction under section 36(1)(vii) towards Bad debts written off if amount was debited by way of debit Note…
ITC allowed in respect of supplies made as part of CSR activities as the same are not “gifts” under Section 17(5)(h)
ITC allowed in respect of supplies made as part of CSR activities as the same are not “gifts” under Section…
A flabbergasting dispute between Sachin Tendulkar and assessing officer
A flabbergasting dispute between Sachin Tendulkar and assessing officer Sachin Tendulkar has been declaring himself as an actor in income…
Fee received from licensing a fully furnished hotel along with permission to run hotel is a business receipt
Fee received from licensing a fully furnished hotel along with permission to run hotel is a business receipt Dodla International…
OYO Hotels filed for bankruptcy?
OYO Hotels filed for bankruptcy? There is a fake PDF file that is in circulation which says that OYO Hotels…
Assessee can’t escape from Sec. 271D penalty by depositing cash loan in bank a/c on same day; SLP dismissed
Assessee can’t escape from Sec. 271D penalty by depositing cash loan in bank a/c on same day; SLP dismissed …
CBDT enhances threshold limit from Rs. 5,500 crore to Rs. 6,400 crore for CbCR
CBDT enhances threshold limit from Rs. 5,500 crore to Rs. 6,400 crore for CbCR Notification No. 31/2021, dated…
Entire amount of duty paid by the manufacturer, as shown in the invoice would be available as credit even if the price is reduced subsequently by discount or otherwise.
Entire amount of duty paid by the manufacturer, as shown in the invoice would be available as credit even if…
Error committed by the CA in his audit report would not alter the intention of the assessee
Error committed by the CA in his audit report would not alter the intention of the assessee Short Overview : Where…
Last year TCS was collected @ 0.075%, Now, the rate is 0.10%. Whether Seller will be required to collect balance 0.025% in current year?
Last year TCS was collected @ 0.075%, Now, the rate is 0.10%. Whether Seller will be required to collect balance…
