In case of rejection of the books of accounts, Estimation cannot be straight 8% or 6%
In case of rejection of the books of accounts, Estimation cannot be straight 8% or 6% – SS Builders Vs…
Income Tax
Delay in Filing of Income Tax Return & Audit report: Pros & Cons
Delay in Filing of Income Tax Return & Audit report: Pros & Cons Delay in Filing of Income Tax Return…
No Charity by Income Tax Department for charitable trust: An overview of the tax provisions
No Charity by Income Tax Department for charitable trust: An overview of the tax provisions “My business is the enforcement…
MAT: There is no provision in the IT Act to prevent the Assessee from claiming indexed cost of acquisition on the sale of asset in case the Assessee is subjected to MAT U/s 115JB
MAT: There is no provision in the IT Act to prevent the Assessee from claiming indexed cost of acquisition on…
Before you sign the Tax Audit Report: Know RBI Moratorium Scheme & Section 43B reporting
Before you sign the Tax Audit Report: Know RBI Moratorium Scheme & Section 43B reporting Every year is a special…
Even without agreement, stamp duty value on the date of first digital payment can be adopted for section 50C & 56(2)(x)
Even without agreement, stamp duty value on the date of first digital payment can be adopted for section 50C &…
Capital gain is to be offered on mercantile basis in year in which possession is given
Capital gain is to be offered on mercantile basis in year in which possession is given Short Ovewview Where assessee…
Real Ease of Business: Petrol pumps in a Maharashtra need not file VAT returns from April 2020
Real Ease of Business: Petrol pumps in a Maharashtra need not file VAT returns from April 2020 Maharashtra is turning…
Holding for 13 years: Whether Land can be considered as Investment and not stock?
Holding for 13 years: Whether Land can be considered as Investment and not stock? Short Overview The period of holding…
Scrip wise reporting in the ITR forms: Confusion & Clarification
Scrip wise reporting in the ITR forms: Confusion & Clarification There is a widespread confusion as to whether the scrip-wise…
Penalty prescribed u/s 171 (3A) cannot be imposed retrospectively : Penalty proceeding against Signature Builders dropped by NAA
Penalty prescribed u/s 171 (3A) cannot be imposed retrospectively : Penalty proceeding against Signature Builders dropped by NAA The NAA…
Rate of Tax & Classification of goods: PVC tufted Coir Mats and Matting
Rate of Tax & Classification of goods: PVC tufted Coir Mats and Matting 2019 TaxPub(GST) 0256 (AAR-Ker) : (2019) 090…
Business income under section 41(1) vs. Liability outstanding for more than three years
Business income under section 41(1) vs. Liability outstanding for more than three years Short Overview Once assessee had continued to…
Applicability of section 40A(2)(b) in case of estimation of income without doubting expenses incurred by assessee
Applicability of section 40A(2)(b) in case of estimation of income without doubting expenses incurred by assessee Short Overview Provisions of…
Classification of goods & Rate of tax on Green Pepper picked from vine
Classification of goods & Rate of tax on Green Pepper picked from vine IN THE AUTHORITY FOR ADVANCE RULINGS, KERALA…
The extension of date for filing of accounts with Maharashtra charity commissioner office has been decided up to 30th November.
The extension of date for filing of accounts with Maharashtra charity commissioner office has been decided up to 30th November.
Only 23.04% of the taxpayers have filed their GSTR-9 as on 30.09.2020
Only 23.04% of the taxpayers have filed their GSTR-9 as on 30.09.2020 In reply to RTI filed by A Citizen…
Extended due dates Chart under the Income Tax Act – 1961
Extended due dates Chart under the Income Tax Act – 1961 COVID-19 pandemic has changed in the revising of all the…
