Income TaxRight to obtain flat & capital gain taxation20 Aug 20190Right to obtain flat & capital gain taxation Short Overview : Where assessee booked an appartment on 16-3-2005, making 5% payment…
Income TaxKudos to Various Association of Chartered Accountant !! Excellent representation to strengthen the Tax System !!20 Aug 20190Kudos to Various Association of Chartered Accountant !! Excellent representation to strengthen the Tax System !! Representation to MOS FM…
Income TaxAny addition if to be made to the tax declared, it should not be more than the peak credit in the bank account20 Aug 20190Any addition if to be made to the tax declared, it should not be more than the peak credit in…
Income Taxclarification by CBDT regarding amendment in Section 44AE of the Income Tax Act, 196120 Aug 20190clarification by CBDT regarding amendment in Section 44AE of the Income Tax Act, 1961 F.No.225/233/2019/ITA-II Government of India Ministry…
IT JudgementWhere Assessee inherits the property with any lease, lien, mortgage or any actionable claim, then payment made for the purpose of clearing of such actionable claims for perfecting the title is to be regarded as cost of acquisition u/s. 48.20 Aug 20190Where Assessee inherits the property with any lease, lien, mortgage or any actionable claim, then payment made for the purpose…
IT JudgementAllotment date is relevant for reckoning assets as long term or short erm19 Aug 20190Allotment date is relevant for reckoning assets as long term or short erm ITAT, New Delhi has observed that the…
Income TaxNo Penalty for Inadvertent and Bonafide Error: Mumbai ITAT19 Aug 20190No Penalty for Inadvertent and Bonafide Error: Mumbai ITAT Rasai Properties Pvt. Ltd. Vs DCIT (ITAT Mumbai) Appeal Number :…
Income TaxAssessees who are engaged in the activity of growing hybrid seeds are entitled to claim exemption as agricultural income19 Aug 20190Assessees who are engaged in the activity of growing hybrid seeds are entitled to claim exemption as agricultural income Pune…
IT JudgementValidity of reassessment notice u/s 148 against deceased assessee19 Aug 20190Validity of reassessment notice u/s 148 against deceased assessee Short Overview : Notice issued under section 148 against deceased assessee was …
Income TaxCBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN19 Aug 20190CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN With a view to…
Income TaxITAT allowed deduction towards amount paid by Senior Advocate Harish Salve as scholarships of two students at Oxford University19 Aug 20190ITAT allowed deduction towards amount paid by Senior Advocate Harish Salve as scholarships of two students at Oxford University The…
Income TaxMCA Asks NCLT to Freeze Assets of IL&FS Arm’s all previous Auditors19 Aug 20190MCA Asks NCLT to Freeze Assets of IL&FS Arm’s all previous Auditors Ministry of Corporate Affairs (MCA) has asked the…
Income TaxFiling income tax returns of the in Company ITR – 6 within time : Challenges Ahead19 Aug 20190Filing income tax returns of the in Company ITR – 6 within time : Challenges Ahead New disclosure requirements in…
Income TaxDeduction permissible while computing Capital gain income19 Aug 20190Deduction permissible while computing Capital gain income Capital gain tax liability arises whenever there is a “transfer” of capital assets. …
IT JudgementSection 50C which provides a safe harbour of 5% must be interpreted to apply since the insertion as it is curative17 Aug 20190Section 50C which provides a safe harbour of 5% must be interpreted to apply since the insertion as it is…
Income TaxKey highlights of important meeting between the FM and Prime Minister Modi17 Aug 20190Key highlights of important meeting between the FM and Prime Minister Modi Prime minister agrees that there is a strong…
Income TaxExtension of Date for payment and filing of applications in first phase of Maharashtra Amnesty scheme17 Aug 20190Extension of Date for payment and filing of applications in first phase of Maharashtra Amnesty scheme Date for payment and…
Income TaxThe Companies (Share Capital and Debentures) Rules, 2014 now amended17 Aug 20190The Companies (Share Capital and Debentures) Rules, 2014 now amended ShareCapitalRules_16082019 (1)