REVISED TDS RATE CHART FOR F.Y 2020-21 A.Y 2021-22
REVISED TDS RATE CHART FOR F.Y 2020-21 A.Y 2021-22 TDS_and_TCS-rate-chart-2021 TDS-Rates-Chart
Income Tax
Procedure of making lower deduction or No Tax Deduction certificate in Form No. 13
Procedure of making lower deduction or No Tax Deduction certificate in Form No. 13 The payer is duty bound…
Extension of due Dates of Capital Gain Extension to 30.09.2020: Confusion & Clarification
Extension of due Dates of Capital Gain Extension to 30.09.2020: Confusion & Clarification In view of the disruptions caused by…
Once purchases have been accepted as genuine and no adverse inference has been drawn, lower authorities are not justified in making addition of balance outstanding.
Once purchases have been accepted as genuine and no adverse inference has been drawn, lower authorities are not justified in…
Deemed Dividend u/s 2(22)(e): To apply a deeming fiction, first set of facts is to be proved beyond doubt and deeming fiction cannot be applied on basis of assumption, presumption or suspicion about first set of facts.
Deemed Dividend u/s 2(22)(e): To apply a deeming fiction, first set of facts is to be proved beyond doubt and…
Revenue cannot step into the shoes of a businessman and direct how the business should be conducted. It may not be practically possible for all businesses to maintain a complete list of the gifts given to their various customers and demonstrate that a particular sales order was received as a result of a particular gift: Delhi ITAT
Revenue cannot step into the shoes of a businessman and direct how the business should be conducted. It may not…
Issue of Share at a premium: AO can scrutinize the valuation report and he can determine a fresh valuation either by himself or by calling a final determination from an independent valuer to confront the assessee.
Issue of Share at a premium: AO can scrutinize the valuation report and he can determine a fresh valuation either…
10% difference in stamp duty valuation vis a vis actual sale consideration could have retrospective application?
10% difference in stamp duty valuation vis a vis actual sale consideration could have retrospective application? Though the Income…
No Disallowance of commission expenses where income tax department failed to establish that parties to thetransactions ale related to each other or that the payments are not genuine orthat the payments having been made by the assessee to the recipients have found their way back to the assessee some way or the other: Kolkata ITAT
No Disallowance of commission expenses where income tax department failed to establish that parties to thetransactions ale related to each…
No capital gains tax in hands of assessee if sale deeds became invalid due to dishonour of post-dated cheques
No capital gains tax in hands of assessee if sale deeds became invalid due to dishonour of post-dated cheques Ijyaraj…
Government has no proposal to merge two Boards created under the Central Boards of Revenue Act, 1963
Government has no proposal to merge two Boards created under the Central Boards of Revenue Act, 1963 Ministry of Finance…
Sale of scrap not generated out of manufacturing activities isn’t liable to TCS
Sale of scrap not generated out of manufacturing activities isn’t liable to TCS Lala Bharat Lal & Sons v.…
Two apartments in same building – Whether can be treated as “one” for capital gain exemption
Two apartments in same building – Whether can be treated as “one” for capital gain exemption KARNATAKA HIGH COURT …
‘SEBI (INVESTMENT ADVISERS) (AMENDMENT) REGULATIONS, 2020”
‘SEBI (INVESTMENT ADVISERS) (AMENDMENT) REGULATIONS, 2020” Securities Exchange Board of India (SEBI) vide Press Release No. PR No.37/2020dated 03rdJuly,…
Purchase or construction of two house properties & Capital Gain Exemption
Purchase or construction of two house properties & Capital Gain Exemption Any Long Term Capital Gain (LTCG) arising from transfer of…
Surplus arising on prepayment of deferred sales tax loan at net present value (NPV) – Whether a capital receipt?
Surplus arising on prepayment of deferred sales tax loan at net present value (NPV) – Whether a capital receipt? …
Allowability of prior period expenses as deduction
Allowability of prior period expenses as deduction Often prior period expenses is disalllwoed by the assessing officer on the concept…
Central Board of Direct Taxes amended Income tax Rules in TDS form 26Q & 27Q
Central Board of Direct Taxes amended Income tax Rules in TDS form 26Q & 27Q Central Board of Direct Taxes…
