Cash payment in excess of the limits specified in Section 40A(3) vis a vis commercial expediency and proof of identity
Cash payment in excess of the limits specified in Section 40A(3) vis a vis commercial expediency and proof of identity…
Income Tax
Disallowance under section 40A(3) when test of genuineness of transactions and its free from vice of any device of evasion of tax stood satisfied
Disallowance under section 40A(3) when test of genuineness of transactions and its free from vice of any device of evasion…
All about TCS applicability on amount received from buyer by a seller for sale of an ‘Overseas Tour Program Package’.
All about TCS applicability on amount received from buyer by a seller for sale of an ‘Overseas Tour Program Package’.…
Conversion of sales-tax liability in to Loan pursuant to Incentives Scheme is not liable for disallowance u/s 43B
Conversion of sales-tax liability in to Loan pursuant to Incentives Scheme is not liable for disallowance u/s 43B There are…
Tax rates as per IT Act vs. Tax Rates as per Tax Treaties with Different Countries: A Compilation
Tax rates as per IT Act vs. Tax Rates as per Tax Treaties with Different Countries: A Compilation ax rates…
TCS U/s 206C (1H) on Shares, Commodity contract, Motor Vehicle, Coal, Timber, Road Contract, Electricity, etc
TCS U/s 206C (1H) on Shares, Commodity contract, Motor Vehicle, Coal, Timber, Road Contract, Electricity, etc TCS is on…
Taxability of Stipend to Medical Students
Taxability of Stipend to Medical Students Whether stipend paid to the students who are prosecuting Post Graduate Diploma/Degree Courses is…
Provision of s. 43B would be applicable though sale tax collection and payment debited though a separate sales-tax account.
Provision of s. 43B would be applicable though sale tax collection and payment debited though a separate sales-tax account. High…
Prior Period Expense allow ability: A liability, though pertaining to earlier year, is said to accrue when it actually crystallises, is ascertainable and legally enforceable.
Prior Period Expense allow ability: A liability, though pertaining to earlier year, is said to accrue when it actually crystallises,…
All about TCS applicability on Liberalized Remittance Scheme (LRS)
All about TCS applicability on Liberalized Remittance Scheme (LRS) Finance Act 2020 has inserted a new sub-section (1G) in Tax…
Covid – 19, RBI Moratorium & Expenses which are eligible for deductions only if it actually paid
Covid – 19, RBI Moratorium & Expenses which are eligible for deductions only if it actually paid In the backdrop…
Conversion of Interest into term Loan and its allow ability u/s 43B
Conversion of Interest into term Loan and its allow ability u/s 43B Due to Covid- 19, RBI has given the…
Leave Encashment provisions u/s 43B(f) is constitutionally valid and operative for all purposes
Leave Encashment provisions u/s 43B(f) is constitutionally valid and operative for all purposes Apex Court Bench of Justices A.M. Khanwilkar, Dinesh Maheshwari has…
Whether the tax audit report need to be qualified for Puja Expenses?
Whether the tax audit report need to be qualified for Puja Expenses? Query] Whether the expenditure incurred for Installation…
Interesting Case: Payment to Katrina Kaif for modelling liable for TDS u/s 194J?
Interesting Case: Payment to Katrina Kaif for modelling liable for TDS u/s 194J? Income Tax Appellate Tribunal – Mumbai Dcit (Tds 2(1),…
Tax Audit Report Form No. 3 CD & ITR 6 revised
Tax Audit Report Form No. 3 CD & ITR 6 revised CBDT has today issued the new Notification so as…
Registration u/s 12AA granted to Jain Shwetamber Murtipujak Sukrat Fund Kaoda Committee by ITAT w.e.f. 13/08/1973
Registration u/s 12AA granted to Jain Shwetamber Murtipujak Sukrat Fund Kaoda Committee by ITAT w.e.f. 13/08/1973 In the case of…
TCS: Whether purchases by the buyer should be more than Rs. 50 Lakh for TCS applicability u/s 206C(1H)?
TCS: Whether purchases by the buyer should be more than Rs. 50 Lakh for TCS applicability u/s 206C(1H)? The question…