No dual deduction permissible in respect of interest expenditure: Mumbai ITAT
No dual deduction permissible in respect of interest expenditure: Mumbai ITAT Short Overview When interest expenditure was allowed as a…
Income Tax
Common Representation at 200+location across India to various authorities: An Excellent Initiative by WMTPA
Common Representation at 200+location across India to various authorities: An Excellent Initiative by WMTPA First time in history, same common…
No disallowance under section 40(a)(ia) for short deduction of tax
No disallowance under section 40(a)(ia) for short deduction of tax Short Overview : Deduction of tax at source at lower…
GST Exemption : Support services to agriculture – Commission earned from auctioning of high quality cut flowers
GST Exemption : Support services to agriculture – Commission earned from auctioning of high quality cut flowers 2020 Tax Pub(GST)…
Land from which rent was received should be used for agricultural purposes for its taxation as Agricultural Income
Land from which rent was received should be used for agricultural purposes for its taxation as Agricultural Income Short Overview …
Penalty under section 271A on failure to maintain books of account & Reasonable cause
Penalty under section 271A on failure to maintain books of account & Reasonable cause Short Overview : When the issue…
Provisions of section 50C not applicable on transfer of leasehold rights in land and building
Provisions of section 50C not applicable on transfer of leasehold rights in land and building Noida Cyber Park (P.) Ltd.…
Conversion of trading liability into Share Application Money: Taxation u/s 41(1) as Remission or cessation of trading liability
Conversion of trading liability into Share Application Money: Taxation u/s 41(1) as Remission or cessation of trading liability Short overview…
Goverment aiming to set up a new body to regulate ICAI, ICAI & ICWAI
Goverment aiming to set up a new body to regulate ICAI, ICAI & ICWAI
Forex loss can be capitalised as per Sec. 43A even if Indian currency loan is subsequently converted into forex loan
Forex loss can be capitalized as per Sec. 43A even if Indian currency loan is subsequently converted into Forex loan Continuum…
Waiver of loan which was never claimed as expenditure couldn’t amount to cessation of trading liability.
Waiver of loan which was never claimed as expenditure couldn’t amount to cessation of trading liability. Gujarat State Financial Corporation…
Planning for Closure of Few Income Tax Offices in India: Magic of faceless assessment begins
Planning for Closure of Few Income Tax Offices in India: Magic of faceless assessment begins With faceless and system driven…
Self-declaration by employee that he had incurred exp. towards uniform is sufficient for non-deduction of TDS
Self-declaration by employee that he had incurred exp. towards uniform is sufficient for non-deduction of TDS Oil and Natural Gas…
2021 Special : LTCG Delhi High Court Judgment in favour of assessee
2021 Special : LTCG Delhi High Court Judgment in favour of assessee 2021 Special : LTCG Delhi High Court…
Private discretionary trust has to be assessed in the status of an “Individual”
Private discretionary trust has to be assessed in the status of an “Individual” A Madras High Court has recently rendered…
Various Investment Options from Taxpayers Perspective: A comparison
Various Investment Options from Taxpayers Perspective: A comparison There are various investment options available with the taxpayers for making investment.…
Rs. 514 Cr of unaccounted Income Accepted by the Assessee during Income Tax Raids in Pune
Rs. 514 Cr of unaccounted Income Accepted by the Assessee during Income Tax Raids in Pune Government of India Department…
Income Tax Search and Seizure & Income Tax Settlement Commission (ITSC)- Detection of any undisclosed income subsequent to the final order of ITSC
Income Tax Search and Seizure & Income Tax Settlement Commission (ITSC)- Detection of any undisclosed income subsequent to the final…
- Detection of any undisclosed income subsequent to the final order of ITSC){kind=link}
- Detection of any undisclosed income subsequent to the final order of ITSC&description=&image=https://thetaxtalk.com/wp-content/uploads/2021/01/Untitled-2993.jpg){kind=link}