Income TaxAgricultural Income: Even Nursery at Home could result in Agricultural Income6 years agoAgricultural Income: Even Nursery at Home could result in Agricultural Income Section 10(1) of the Income-tax Act, 1961 exempts agricultural…
IT JudgementAllowability of Set off of loss in respect of Sham and collusive transactions between the sister concerns6 years agoAllowability of Set off of loss in respect of Sham and collusive transactions between the sister concerns Short overview Loss…
IT JudgementThe activity of preparation of development plans and to execute works in connection with supply of water, disposal of sewerage and provisions of other services, is a “charitable activities” eligible for exemption under section 116 years agoThe activity of preparation of development plans and to execute works in connection with supply of water, disposal of sewerage…
Income TaxIncome Tax Return filing by a CA firm @ Rs. 90/-: What more ?6 years agoIncome Tax Return filing by a CA firm @ Rs. 90/-: What more ? Tenders are degrading the profession…
Income TaxEmployee Stock Option Plan (ESOP): Concept & Taxation6 years agoEmployee Stock Option Plan (ESOP): Concept & Taxation The biggest assets of any organisation are its human resources. Retaining &…
IT JudgementCBDT condones of Delay in the filing of Form 10BB by Trusts and institutions6 years agoCBDT condones of Delay in the filing of Form 10BB by Trusts and institutions Under the provisions of section 10(23C)…
Income TaxNo Penalty for loans acceptance in cash if there exists a reasonable cause6 years agoNo Penalty for loans acceptance in cash if there exists a reasonable cause Section 269SS prohibits an acceptance of loans/…
Income TaxIf AO has not made any primary, independent enquiry, addition done u/s 68 during reassessment is not valid6 years agoIf AO has not made any primary, independent enquiry, addition done u/s 68 during reassessment is not valid There are…
Income TaxNo disallowance under section 43B towards electricity duty which is collected as an agent on behalf of the Government6 years agoNo disallowance under section 43B towards electricity duty which is collected as an agent on behalf of the Government In…
IT JudgementIf amenities charges in respect of leased building is forming an integral part of the building, it would be taxable as ‘Income from house property’6 years agoIf amenities charges in respect of leased building is forming an integral part of the building, it would be taxable…
Income TaxBefore you begin Tax Audit for FY 2019-20, Know important points in Form No. 3CD6 years agoBefore you begin Tax Audit for FY 2019-20, Know important points in Form No. 3CD There are some of…
IT JudgementEligibility of deduction under section 36(1)(ii) towards bonus or commission to directors6 years agoEligibility of deduction under section 36(1)(ii) towards bonus or commission to directors Short Overview Where directors of assessee-company were entitled to…
IT JudgementIf no addition is made on subject-matter for issue of reassessment notice under section 148, no addition could be sustained on other counts6 years agoIf no addition is made on subject-matter for issue of reassessment notice under section 148, no addition could be sustained…
Income TaxRepresentation against Discrimination amongst Firms/ Members in MEF Application 2020-216 years agoRepresentation against Discrimination among st Firms/ Members in MEF Application 2020-21 To The President, The Institute of Chartered Accountants…
Income TaxIncome Tax Raid: Growing tendency to inform the media, even before the completion of investigation is a crude attempts to claim credit for imaginary investigation breakthroughs should be curbed: Supreme Court6 years agoIncome Tax Raid: Growing tendency to inform the media, even before the completion of investigation is a crude attempts to…
Income TaxComputing Turnover for Trading in Derivatives, Futures and Options & audit provisions thereto6 years agoComputing Turnover for Trading in Derivatives, Futures and Options & audit provisions thereto It may be noted that Clause…
Income TaxTax Audit Report: Credit Cooperative Society & Applicability of section 269SS & 269T Vs. The Common Error6 years agoTax Audit Report: Credit Cooperative Society & Applicability of section 269SS & 269T Vs. The Common Error There are two…
Income TaxIssuance of notice u/s 131 (1A) of the Income Tax Act’1961 after conclusion of Income Tax Search and Seizure u/s 132 of the Income Tax Act’1961 – Legal Paradox6 years agoIssuance of notice u/s 131 (1A) of the Income Tax Act’1961 after conclusion of Income Tax Search and Seizure u/s…