Classification of service & Rate of Tax on Mining lease of soapstone and dolomit
Classification of service & Rate of Tax on Mining lease of soapstone and dolomite IN THE AUTHORITY FOR ADVANCE RULINGS, TAMILNADU…
Income Tax
Statutory Tax Compliance Calendar for December-20
Statutory Tax Compliance Calendar for December-20 INCOME TAX ▪ 07th December 2020- TDS deducted /TCS collected for…
Income Tax Search and Seizure: Application of seized assets during the course of an Income Tax search towards the self assessment tax liability of an assessee- whether permissible
Income Tax Search and Seizure: Application of seized assets during the course of an Income Tax search towards the self…
Law as on the date of agreement is relevant for section 56(2)(x)
Law as on the date of agreement is relevant for section 56(2)(x) Short Overview Since provisions of section 56(2)(vii)(b)(ii) were…
Withholding refunds so as to meet Tax Collection Target is a Harassment to the Taxpayer : P & H High Court
Withholding refunds so as to meet Tax Collection Target is a Harassment to the Taxpayer : P & H High…
Madras HC refuses to give retrospective effect to increased tax free gratuity limit of Rs. 20 lakh
Madras HC refuses to give retrospective effect to increased tax free gratuity limit of Rs. 20 lakh G.Srinivasan v. Union…
Pre Budget Memorandum for Union Budget – 2021
Pre Budget Memorandum for Union Budget – 2021 Ref : G/1/233 December 5, 2020 Smt Nirmalaji Sitharaman Hon’ble Union Minister…
CBDT issues further Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020
CBDT issues further Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 Circular No. 21/2020 No. IT(A)/1/2020-TPL…
SOPs for Assessment Unit,Verification Unit,Technical Unit and Review Unit
SOPs for Assessment Unit,Verification Unit,Technical Unit and Review Unit National e-Assessment Centre, Delhi Room No. 401, 2nd Floor, E-Ramp, Jawaharlal…
Salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme
Salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme Who can opt for the scheme:Following registered…
CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports
CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit…
When the Taxmen Knock Your Door…(III) [Know about Income Tax Raids]
When the Taxmen Knock Your Door…(III) [Know about Income Tax Raids] In the earlier issues of the TAX talk, we…
Three sets of sales: accounted; unaccounted and partly-accounted: Income Tax Raid revealed Rs. 450 Cr of undisclosed income
Three sets of sales: accounted; unaccounted and partly-accounted: Income Tax Raid revealed Rs. 450 Cr of undisclosed income Ministry of…
Whether the eldest Daughter can be KARTA Of HUF after Death of Senior Most Male Karta ?
Whether the eldest Daughter can be KARTA Of HUF after Death of Senior Most Male Karta ? In February, 2016,…
Interest income on FDR’s pleaded as intrinsically connected with business of assessee- whether business income or income from other source?
Interest income on FDR’s pleaded as intrinsically connected with business of assessee- whether business income or income from other source? Short Overview…
Notional Taxation: Law as applicable as on the date of agreement required to be applied for taxing the income.
Notional Taxation: Law as applicable as on the date of agreement required to be applied for taxing the income. ITAT…
Reopening not justified when there is no evidence to show that there was escapement of income due to failure on the part of assessee to disclose fully and truly all material facts necessary for assessment
Reopening not justified when there is no evidence to show that there was escapement of income due to failure on…
Surplus arising on prepayment of deferred sales-tax loan at NPV is a capital receipt which could not be termed as remission or cessation of a trading liability so as to attract income tax u/s 41(1).
Surplus arising on prepayment of deferred sales-tax loan at NPV is a capital receipt which could not be termed as remission…
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