Presumptive scheme of taxation, Turnover, & Amount of service tax
Presumptive scheme of taxation, Turnover, & Amount of service tax Short Overview Amount reimbursed to assessee by service recipient, representing the service tax…
Income Tax
Issues in Income Tax Return Filing by Trust: Confusions & Clarifications
Issues in Income Tax Return Filing by Trust: Confusions & Clarifications Before we discuss, one must read the observation of…
Validity of Rejection of books of accounts under section 145 without even examination of books of assessee
Validity of Rejection of books of accounts under section 145 without even examination of books of assessee Short Overview Even…
Applicability of Penalty under section 271(1)(c) for additions done purely on estimate basis without definite finding as to concealment or furnishing of inaccurate particulars of income
Applicability of Penalty under section 271(1)(c) for additions done purely on estimate basis without definite finding as to concealment or…
Applicability of TDS on Minimum Guarantee Royalty (MGR) paid by distributor for acquiring exhibition rights of movie
Applicability of TDS on Minimum Guarantee Royalty (MGR) paid by distributor for acquiring exhibition rights of movie Tax deduction at source—Under…
Transfer of shares of a foreign subsidiary to another step down foreign subsidiary without consideration & applicability of section 47(iii)
Transfer of shares of a foreign subsidiary to another step down foreign subsidiary without consideration & applicability of section 47(iii)…
Additions under section 69B couldn’t be made merely relying on confession statement obtained during search.
Additions under section 69B couldn’t be made merely relying on confession statement obtained during search. PCIT v. Nageshwar Enterprises –…
When the Taxmen Knock Your Door…(IV) [Know about Income Tax Raids]
When the Taxmen Knock Your Door… (IV) [Know about Income Tax Raids] In the earlier issues of the TAX talk,…
Apt Representation for Extension of Tax by Western Tax Practitioners Association
Apt Representation for Extension of Tax by Western Tax Practitioners Association Apt Representation for Extension of Tax by Western Tax…
Capital gains Exemption u/s 54F if Assessee is holding one more residential property in joint name with his wife when Purchase was done by wife of assessee and also paid by her only
Capital gains Exemption u/s 54F if Assessee is holding one more residential property in joint name with his wife when Purchase…
Excellent representation by CTC for extension of Due Dates for Tax Audit, Transfer Pricing Audit and Income Tax Return Filing for the Assessment Year 2020-21
Excellent representation by CTC for extension of Due Dates for Tax Audit, Transfer Pricing Audit and Income Tax Return Filing…
Income Tax Raids on Business house involved in Steel trading & manufacturing reveals Bogus Purchase of around Rs. 170 Cr
Income Tax Raids on Business house involved in Steel trading & manufacturing reveals Bogus Purchase of around Rs. 170 Cr.…
Higher Cash found during Survey: Whether Income Tax Survey Can Be Converted Into Search?
Higher Cash found during Survey: Whether Income Tax Survey Can Be Converted Into Search? One of the most common questions…
Rs. 150 Crore of unaccounted income in Income Tax Raids on Coal Traders at Assam
Rs. 150 Crore of unaccounted income in Income Tax Raids on Coal Traders at Assam Income Tax Raid is revealing…
Income-tax exemption of LTC Cash Voucher to non-central government employees extended
Income-tax exemption of LTC Cash Voucher to non-central government employees extended Due to COVID-19, all businesses have been hit and…
Interest on FDRs placed with banks – Whether a business income or other source income
Interest on FDRs placed with banks – Whether a business income or other source income Short Overview Assessee merely placed…
Income Tax u/s 41(1): Genuineness of payable or creditors was to be examined in the year in which they originated
Income Tax u/s 41(1): Genuineness of payable or creditors was to be examined in the year in which they originated …
No relief to the Commissioner of Income Tax who was accused of corruption charges, causing loss of Rs. 7.26 Cr to the revenue.
No relief to the Commissioner of Income Tax who was accused of corruption charges, causing loss of Rs. 7.26 Cr to…
