Hon’ble President of announces E-Filing Portal development of ITAT
Hon’ble President of announces E-Filing Portal development of ITAT Hon’ble President announces - E-Filing Portal developed - ITAT
Income Tax
Set-off of business income against Loss suffered from derivative transactions
Set-off of business income against Loss suffered from derivative transactions Short Overview : Where loss suffered from ‘derivative transactions’ was once…
“UNION CABINET DECISIONS ON MSME AND AGRICULTURAL SECTORS DT. 01.06.2020”
“UNION CABINET DECISIONS ON MSME AND AGRICULTURAL SECTORS DT. 01.06.2020” Union Ministers Prakash Javadekar, Nitin Gadkari and Narendra Singh…
“INSTANT PAN THROUGH AADHAAR BASED E-KYC – DIGITAL REVOLUTION”
“Instant PAN through Aadhaar based e-KYC – Digital revolution” Key highlight: FM launches facility of Instant PAN through Aadhaar based…
New ITR forms for the AY 2020-21 .Some of the new Disclosures in the new ITR Forms 1 to7 :
New ITR forms for the AY 2020-21 .Some of the new Disclosures in the new ITR Forms 1 to7 :…
Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices
Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices incentive ***************************************************** For Tax & Corporate Law Updates…
Get Ready – CBDT has notified new ITR Forms for the AY- 2020-21(FY- 19-20)
Get Ready – CBDT has notified new ITR Forms for the AY- 2020-21(FY- 19-20) ****************************************** For Tax & Corporate…
Income Tax Survey : No physical discrepancy was found detected by survey team and excess value of stock was merely because of difference in valuation of closing stock
Income Tax Survey : No physical discrepancy was found detected by survey team and excess value of stock was merely…
Income Tax Raid : Expenses offered for disallowance during search not found to be a false claim – For levy of penalty under section 271AAB, falsity of the expense was a pre-requisite
Income Tax Raid : Expenses offered for disallowance during search not found to be a false claim – For levy…
Rental income from letting out of factory building is a income from house property or income from other source ?
Rental income from letting out of factory building is a income from house property or income from other source? Conclusion: There…
CBDT notifies new Form 26AS containing details beyond TDS /TCS pursuant.
CBDT notifies new Form 26AS containing details beyond TDS /TCS pursuant. Form 26AS got replaced with Annual Formation Statement w.e.f…
Getting a PAN has never been this easy !!
Getting a PAN has never been this easy !! All you need, is your Aadhaar number. Just visit the e-filing…
Work From Home” – An Excellent Manual launched by WIRC of ICAI for SMP CA firm
Work From Home” – An Excellent Manual launched by WIRC of ICAI for SMP CA firm WORK FROM HOME…
Settlement (OTS) of Bank Loan: Income Tax Implications
Settlement (OTS) of Bank Loan: Income Tax Implications Instances of Loan default & settlement, loan waiver, one Time Settlement (OTS)…
Taxing cash deposits without giving corresponding credits to the withdrawals is not justified especially where the assessee was a small trader
Taxing cash deposits without giving corresponding credits to the withdrawals is not justified especially where the assessee was a small…
No time limit is prescribed u/s 206C(1A) to make declaration in Form 27C collected from buyers
No time limit is prescribed u/s 206C(1A) to make declaration in Form 27C collected from buyers. For availing benefit of…
Section 44AD : Assessee’s request to restrict the rate from 8% to 3% on the contract receipts which was never substantiated by the books of accounts nor was a part of the provisions, can not be entertained
Section 44AD : Assessee’s request to restrict the rate from 8% to 3% on the contract receipts which was never…
AO can not reopen the assessment based on material which was already available at the time of passing the original assessment order
AO can not reopen the assessment based on material which was already available at the time of passing the original…
