No Income Tax on settlement or waiver of Working Capital Loan
No Income Tax on settlement or waiver of Working Capital Loan Taxation of benefit arising from settlement or waiver of…
Income Tax
Transitional Credits: Tran 1 can be filed till 30 June 2020 despite retrospective Amendment-Delhi HC
Transitional Credits: Tran 1 can be filed till 30 June 2020 despite retrospective Amendment-Delhi HC High Court of Delhi, SKH…
Revised Dates of Tax Compliances post Covid 19
Revised Dates of Tax Compliances post Covid 19 Covid – 2019 has caused serious disruptions to the business resulting…
Business of providing Accommodation Entry: Not entire deposits liable for taxation
Business of providing Accommodation Entry: Not entire deposits liable for taxation Here is an interesting case of PCIT Vs Alag…
Residential property used for commercial purpose & Claiming of capital gain exemption u/s 54F
Residential property used for commercial purpose & Claiming of capital gain exemption u/s 54F There are various interesting issues which…
Supreme Court stayed Delhi High Court Judgment directing GST Department to open the facility to file GST Tran-1 till 30th June 2020
Supreme Court stayed Delhi High Court Judgment directing GST Department to open the facility to file GST Tran-1 till 30th…
Section 80TTA Vs. Section 80TTB : A comparison
Section 80TTA Vs. Section 80TTB : A comparison 80TTA – Deduction in respect of interest on deposits in savings account…
Assessment can be Invalidated if AO adjudicated assessment on non-CASS issues without prior written approval from Administrative CIT
Assessment can be Invalidated if AO adjudicated assessment on non-CASS issues without prior written approval from Administrative CIT short…
Interesting Issue: Clubbing of income Vs. Loss in F&O business incurred by wife out of the amount gifted by Husband
Interesting Issue: Clubbing of income Vs. Loss in F&O business incurred by wife out of the amount gifted by Husband…
Banking Business & Deduction under section 80P(2)(a)(i) to Credit co-operative society accepting deposits from members {Applicability of section 80P(4)}
Banking Business & Deduction under section 80P(2)(a)(i) to Credit co-operative society accepting deposits from members {Applicability of section 80P(4)} Short…
Admissibility of deduction towards Interest on capital borrowed if Interest free loans are given to related party & Assessee have interest free funds available with it
Admissibility of deduction towards Interest on capital borrowed if Interest free loans are given to related party & Assessee have…
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of section 10(23C)(iiiad)
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of…
Capital gain taxable in the year in which the period of 3 years from the date of transfer of the original asset expires
Capital gain taxable in the year in which the period of 3 years from the date of transfer of the…
Validity of addition under section 68 if Assessee did not produce income-tax return of the lender or any confirmation
Validity of addition under section 68 if Assessee did not produce income-tax return of the lender or any confirmation …
Validity of addition on account of under valuation of closing stock of Yarn if none of the authorities have given direction to revise the value of the opening stock of the subsequent year
Validity of addition on account of under valuation of closing stock of Yarn if none of the authorities have given…
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of section 10(23C)(iiiad)
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of…
Loan accepted from father though bearer cheque and penalty under the Income Tax Act – 1961
Loan accepted from father though bearer cheque and penalty under the Income Tax Act – 1961 Short Overview : Where loan…
