Income Tax

Scope of Statement of Financial Transaction (SFT) widened: Now, to include capital gains on transfer of listed securities or units of Mutual Funds, dividend income, and interest income

6 years ago

Scope of Statement of Financial Transaction (SFT) widened: Now, to include capital gains on transfer of listed securities or units…

Income Tax

Application for grant of certificate for determination of appropriate proportion of sum (other than Salary), payable to non-resident, chargeable in case of the recipients

6 years ago

Application for grant of certificate for determination of appropriate proportion of sum (other than Salary), payable to non-resident, chargeable in…

Income Tax

PPT on Submission of SFT in Form No. 61A

6 years ago

PPT on Submission of SFT in Form No. 61A PPT on Submission of SFT in Form No. 61A

IT Judgement

Landmark Judgment: Gujarat HC allowed rectification of GSTR-3B without payment of late fee by assessee

6 years ago

Landmark Judgment: Gujarat HC allowed rectification of GSTR-3B without payment of late fee by assessee The court also observed that …

Income Tax

Additional Director General of DRI is not empowered for initiation of recovery proceedings under Customs: SC

6 years ago

Additional Director General of DRI is not empowered for initiation of recovery proceedings under Customs: SC Canon India (P.) Ltd.…

Income Tax

Issue before ITAT- Delhi: (a) Surplus of sale of mortgaged property is taxable or not and (b) whether it was a forced sale of mortgaged property to pay to the lender or the sale was at free will and whether any benefit actually accrued/ received by the assessee

6 years ago

Issue before ITAT- Delhi: (a) Surplus of sale of mortgaged property is taxable or not and (b) whether it was…

Income Tax

Liabilities of Developer under RERA: An observation by the Court

6 years ago

Liabilities of Developer under RERA: An observation by the Court By a landmark judgment the Hon’ble MahaRERA held that: a)…

Income Tax

ITC benefit cannot be denied merely for entering details in Wrong Column

6 years ago

ITC benefit cannot be denied merely for entering details in Wrong Column Entry at the wrong Column: No Denial of…

Income Tax

Why GST Audit need to be restored: An Apt Representation by KSCAA

6 years ago

Why GST Audit need to be restored: An Apt Representation by KSCAA Why GST Audit need to be restored: An…

Income Tax

Notices of High Value Transactions: What taxpayers need to do?

6 years ago

Notices of High Value Transactions: What taxpayers need to do? In the last 3 days, the Income tax department has…

Income Tax

Taxation of partnership Firm on Reconstitution & plugging the loophole

6 years ago

Taxation of partnership Firm on Reconstitution & plugging the loophole Every budget attempts to plug the loopholes in the existing…

IT Judgement

Validity of aaddition based on third party statement recorded by Investigation Wing without opportunity of cross-examination afforded to assessee

6 years ago

Validity of aaddition based on third party statement recorded by Investigation Wing without opportunity of cross-examination afforded to assessee Short…

Income Tax

Last Opportunity to Regularise: Extension of Condonation Scheme to regularize UDINs

6 years ago

Last Opportunity to Regularise: Extension of Condonation Scheme to regularize UDINs It is informed by the Central Board of Direct…

IT Judgement

Income-tax paid by assessee to foreign tax jurisdictions could not to be refunded to assessee by Indian tax authorities as a matter of course.

6 years ago

Income-tax paid by assessee to foreign tax jurisdictions could not to be refunded to assessee by Indian tax authorities as…

Income Tax

Sale of Mortgaged Assets & Addition of Capital gains of Rs.27.39 Crores

6 years ago

Sale of Mortgaged Assets & Addition of Capital gains of Rs.27.39 Crores ITAT Delhi case of WGF Financial Services Pvt…

Income Tax

Fake Invoice Racket of Rs. 2,563 Cr busted at Nagpur by DGGI

6 years ago

Fake Invoice Racket of Rs. 2,563 Cr busted at Nagpur by DGGI

IT Judgement

Corpus contributions received by a private discretionary trust & Taxability under section 56(2)(vii)

6 years ago

Corpus contributions received by a private discretionary trust & Taxability under section 56(2)(vii) Short Overview Where assessee, a private discretionary trust,…

IT Judgement

Not entire purchases but only the profit element embedded in the bogus purchases is to be disallowed.

6 years ago

Not entire purchases but only the profit element embedded in the bogus purchases is to be disallowed. Income Tax Act,…

Income Tax

Scope of Statement of Financial Transaction (SFT) widened: Now, to include capital gains on transfer of listed securities or units of Mutual Funds, dividend income, and interest income

Application for grant of certificate for determination of appropriate proportion of sum (other than Salary), payable to non-resident, chargeable in case of the recipients

PPT on Submission of SFT in Form No. 61A

Landmark Judgment: Gujarat HC allowed rectification of GSTR-3B without payment of late fee by assessee

Additional Director General of DRI is not empowered for initiation of recovery proceedings under Customs: SC

Issue before ITAT- Delhi: (a) Surplus of sale of mortgaged property is taxable or not and (b) whether it was a forced sale of mortgaged property to pay to the lender or the sale was at free will and whether any benefit actually accrued/ received by the assessee

Liabilities of Developer under RERA: An observation by the Court

ITC benefit cannot be denied merely for entering details in Wrong Column

Why GST Audit need to be restored: An Apt Representation by KSCAA

Notices of High Value Transactions: What taxpayers need to do?

Taxation of partnership Firm on Reconstitution & plugging the loophole

Validity of aaddition based on third party statement recorded by Investigation Wing without opportunity of cross-examination afforded to assessee

Last Opportunity to Regularise: Extension of Condonation Scheme to regularize UDINs

Income-tax paid by assessee to foreign tax jurisdictions could not to be refunded to assessee by Indian tax authorities as a matter of course.

Sale of Mortgaged Assets & Addition of Capital gains of Rs.27.39 Crores

Fake Invoice Racket of Rs. 2,563 Cr busted at Nagpur by DGGI

Corpus contributions received by a private discretionary trust & Taxability under section 56(2)(vii)

Not entire purchases but only the profit element embedded in the bogus purchases is to be disallowed.

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