Supreme Court observation in Commissioner Of Income Tax Vs. Calcutta Export Company
Supreme Court observation in Commissioner Of Income Tax Vs. Calcutta Export Company The key observation by Hon’ble Supreme court were as…
Income Tax
Even Belated return can be Revised. Revised Returns can also be Revised further
Even Belated return can be Revised. Revised Returns can also be Revised further Tax laws are the part of…
Sale of Flat Received under Joint Development Agreement& Capital Gain Taxation
Sale of Flat Received under Joint Development Agreement& Capital Gain Taxation I have a query regarding the taxation of the…
Validity of Adhoc disallowance of expenses on ground that decrease in sales amounts to decrease in expenses
Validity of Adhoc disallowance of expenses on ground that decrease in sales amounts to decrease in expenses Short Oveview Where addition…
Capital gains vs Slump sale under section 50B in case of transfer under Scheme of Arrangement
Capital gains vs Slump sale under section 50B in case of transfer under Scheme of Arrangement Short Overview Although anticipated…
Year of Taxability of Capital gain if payment of entire consideration received earlier and possession handed over later
Year of Taxability of Capital gain if payment of entire consideration received earlier and possession handed over later Short Overview…
Get Ready: Now, Bank & financial Institutions will also take Form No. 26AS along with Income Tax Returns to carry out due diligence
Get Ready: Now, Bank & financial Institutions will also take Form No. 26AS along with Income Tax Returns to carry…
Due Date of filing Statement of Financial Transactions: Form No. 61A
Due Date of filing Statement of Financial Transactions: Form No. 61A The dates of various compliance for the FY 2019-20…
Relief to the Business by Gujarat High Court:Refunds on account of inverted duty structure under GST allowed
Relief to the Business by Gujarat High Court:Refunds on account of inverted duty structure under GST allowed Much awaited judgment…
Taxation of Business Process Outsourcing Units in India
Taxation of Business Process Outsourcing Units in India The provisions containing taxation of IT-enabled business process outsourcing units are not…
Deduction towards provision for bad & Doubtful Debts available on if the provision is done in the books of accounts & not otherwise: Section 36(1)(viia)
Deduction towards provision for bad & Doubtful Debts available on if the provision is done in the books of accounts…
Pro-active steps by the Government: Income Tax Compliance Date Extended again to 30th September 2020 – New Compliance Chart of the Revised Dates
Pro-active steps by the Government: Income Tax Compliance Date Extended again to 30th September 2020 – New Compliance Chart of the…
Statement of income paid or credited by an investment fund to its unit holder: Know about Rule 12CB- Section 115UB(7) Statement & new Form No. 64C & 64D
Statement of income paid or credited by an investment fund to its unit holder: Know about Rule 12CB- Section 115UB(7) Statement…
First year of Business & Applicability of presumptive scheme of taxation u/s 44AD: Controversy to Continue
First year of Business & Applicability of presumptive scheme of taxation u/s 44AD: Controversy to Continue In the earlier…
An Interesting Case : No disallowance u/s 40A(3) on undertaking that the assessee (Builder & Developer) will not claim concerned expenditure as deduction
An Interesting Case : No disallowance u/s 40A(3) on undertaking that the assessee (Builder & Developer) will not claim concerned…
Income Tax Raid: Few Important Points for the taxpayers
Income Tax Raid: Few Important Points for the taxpayers Search” is the term used in the Income Tax Act –…
If Assessee failed to substantiate the claim that deposits made in bank account were out of sale proceeds, addition under section 68 is justified.
If Assessee failed to substantiate the claim that deposits made in bank account were out of sale proceeds, addition under…
Vivad se Vishwas Rules, 2020 in Direct Tax : Procedure for making declaration in Form-1
Vivad se Vishwas Rules, 2020 in Direct Tax : Procedure for making declaration in Form-1 DGIT(S)-ADG(S)-3/e-Filing Notification/FoR1/VSVS/2020/ Government of India…
