Dissatisfaction towards the functioning of Ministry of Finance , CBDT & CBIC: Letter by a Young CA
Dissatisfaction towards the functioning of Ministry of Finance , CBDT & CBIC: Letter by a Young CA Sharing the contents…
Income Tax
Constitutional validity of Rule 86B challenged in Gujarat HC, notice issued to Govt.
Constitutional validity of Rule 86B challenged in Gujarat HC, notice issued to Govt. High Court of Gujarat, Aap & Co.…
Electricity charges collected by lessor on sub-meter readings will amount to recovery by pure agent: Gujarat AAR
Electricity charges collected by lessor on sub-meter readings will amount to recovery by pure agent: Gujarat AAR Authority for Advance…
Tax Benefits & Concessions to Resident Senior Citizens
Tax Benefits & Concessions to Resident Senior Citizens After a lifetime of working, raising families, and contributing to the success…
No Budget Documents printing – Government launched the ‘Union Budget mobile app’ for hassle-free access of Budget documents
No Budget Documents printing – Government launched the ‘Union Budget mobile app’ for hassle-free access of Budget documents Finance minister…
Income Tax Raids in Pink city revealed unaccounted & unrecorded transactions exceeding Rs. 1400 crore in 3 Groups
Income Tax Raids in Pink city revealed unaccounted & unrecorded transactions exceeding Rs. 1400 crore in 3 Groups Government of…
Assessee utilized net consideration to re-modify the new house : Whether Capital Gain Exemption would be available ?
Assessee utilized net consideration to re-modify the new house : Whether Capital Gain Exemption would be available ? Short Overview…
AO should assign reasons for grant of lower deduction certificate if assessee has applied for nil deduction certificate
AO should assign reasons for grant of lower deduction certificate if assessee has applied for nil deduction certificate Tata…
Validity of addition to income by estimation of profit at higher rate merely on basis of suspicion and conjectures, without rejection of books
Validity of addition to income by estimation of profit at higher rate merely on basis of suspicion and conjectures, without…
Capital gains: Stamp duty value as on date of agreement or as on date of registration is relevant for computing capital Gain amount ?
Capital gains: Stamp duty value as on date of agreement or as on date of registration is relevant for computing…
New Amendment in CSR Rules
New Amendment in CSR Rules CSR Rules Changes Major Impact. Corporate Social Responsibility aligned with social objective and exclusions prescribed.…
Would wealth tax be introduced in the budget??
Would wealth tax be introduced in the budget?? Tax Revenue is negative in the current fiscal. Indian Government is exploring…
Professional fees of director other than salary is taxable under RCM basis: AAAR Rajasthan
Professional fees of director other than salary is taxable under RCM basis: AAR Rajasthan Appellate Authority for Advance Rulings, Rajasthan…
If the own funds are sufficient to cover interest free advances, proportionate disallowance of interest is not warranted
If the own funds are sufficient to cover interest free advances, proportionate disallowance of interest is not warranted ITAT, Rajkot in…
CBDT Circular issued under section 119 of the IT Act is binding on the IT Authorities. AO’s jurisdiction is limited to the issue identified by the CASS in case of ‘Limited Scrutiny’ cases
CBDT Circular issued under section 119 of the IT Act is binding on the IT Authorities. AO’s jurisdiction is limited…
Failure to produce reconciliation difference in creditor’s account is liable for addition as undisclosed income u/s 68
Failure to produce reconciliation difference in creditor’s account is liable for addition as undisclosed income u/s 68 Short Overview Where there was…
Allowability of deduction if payments were not supported by the bills raised and only self-made vouchers were maintained by assessee.
Allowability of deduction if payments were not supported by the bills raised and only self-made vouchers were maintained by assessee.…
Capital gain on sum received by assessee pursuant to a Development Agreement & Refunded later on
Capital gain on sum received by assessee pursuant to a Development Agreement & Refunded later on Short Overview Where the…
