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…
Income Tax
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…
Vivad se Vishwas Scheme: Government relaxed the time for payment to to March 31st, 2021, Deadline of 31st December for opting it remains the same
Vivad se Vishwas Scheme: Government relaxed the time for payment to to March 31st, 2021, Deadline of 31st December for opting…
Accumulation of 15% of income u/s 11 couldn’t be regarded as obligation envisaged in law
Accumulation of 15% of income u/s 11 couldn’t be regarded as obligation envisaged in law This was the observation in…
Income Tax Raid at Srinagar : Rs. 105 Crore unearthed
Income Tax Raid at Srinagar : Rs. 105 Crore unearthed Tax Dept. conducts search action on Srinagar based group; undisclosed…
“Adjacent Flat” is “one” House property for capital gain exemption
“Adjacent Flat” is “one” House property for capital gain exemption Capital Gain exemption is available u/s to Individual / HUF…
If prior period expenses include excise duty, payment of such duty is eligible for deduction u/s 43B
If prior period expenses include excise duty, payment of such duty is eligible for deduction u/s 43B An issue before Ahemdabad…
Partial withdrawal from National Pension System (NPS) to the extent of 25% of amount contributed is not taxable
Partial withdrawal from National Pension System (NPS) to the extent of 25% of amount contributed is not taxable A new…
What if Property let out to certain company for business purpose but no rent shown to be collected?
What if Property let out to certain company for business purpose but no rent shown to be collected? Short Overview…
Validity of addition under section 50C if no reference is done to valuation officer despite being request made by assessee
Validity of addition under section 50C if no reference is done to valuation officer despite being request made by assessee…
Bogus purchase & Tax Impact: An observation in the case of Ilesh Amrutlal Gadhia Vs DCIT by Mumbai ITAT
Bogus purchase & Tax Impact: An observation in the case of Ilesh Amrutlal Gadhia Vs DCIT by Mumbai ITAT Mumbain…
