Auditors – Be Ready : New CARO – 2020 Notified by MCA
Auditors – Be Ready : New CARO – 2020 Notified by MCA Most important and long lasting change in CARO…
Income Tax
Validity of Addition under section 69 towards Alleged unverifiable purchases
Income Tax Act, 1961, Section 69 Income from undisclosed sources—Addition under section 69—Alleged unverifiable purchases Conclusion: As assessee had taken accommodation…
Admissibility of Capital gains Exemption under section 54G from sale of its godown situated in an urban area and which is then relocated in a non-urban area
Admissibility of Capital gains Exemption under section 54G from sale of its godown situated in an urban area and which…
Password to open various documents from income tax portal
Password to open various documents from income tax portal There are different Password for different documents of the income tax department.…
No Bail in case of GST invoices issued without any supply of the goods to buyers on commission basis
No Bail in case of GST invoices issued without any supply of the goods to buyers on commission basis IN…
Deduction u/s 80P(2): If the income isderived from the business of banking, then only it will fall within the exemption.If it arises from and out of the business with third party as in case of investment of surplus assets, the exemption is not available
Deduction u/s 80P(2): If the income isderived from the business of banking, then only it will fall within the exemption.If…
Validity of notice issued after expiry of four years from end of the relevant assessment year
Income Tax Act, 1961, Section 148 Reassessment—Validity—Notice issued after expiry of four years from end of the relevant assessment year…
NEW GST RATE on Supply of Lottery Ticket
Definition of Lottery Tickets under GST:- As per Schedule III Actionable Claim is neither supply of Goods nor Supply…
Capital gains on Joint development agreement if Agreement is not registered
Capital gains on Joint development agreement if Agreement is not registered Short Overview : Where no possession had been given by…
Query- I am a proprietor of three firms which are under tax audit. However, I am allowed to upload only one tax audit report. What is the remedy?
Query- I am a proprietor of three firms which are under tax audit. However, I am allowed to upload only…
Landmark Judgment: Opening balances can not be treated as unexplained cash credit u/s 68
Landmark Judgment: Opening balances can not be treated as unexplained cash credit u/s 68 Short Overview : It is only the…
Investment in the name of wife and submission of Form No. 15G/15H
Investment in the name of wife and submission of Form No. 15G/15H Query] I am Senior Citizen. My spouse also…
Landmark Judgment: Expenses incurred for earning remuneration from partnership firm is an allowable expenditure
Landmark Judgment: Expenses incurred for earning remuneration from partnership firm is an allowable expenditure Short Overview : Where Supreme Court in…
Adjournment granted on the pleading of the counsel that “Mood of the court is not Good”
Adjournment granted on the pleading of the counsel that “Mood of the court is not Good”
Budget 2020: Whether Concessional Income Tax Rates benefit would be available if the income tax return is filed belatedly U/s. 139(4)
The taxpayers are given a choice and option to opt for new tax rate or old tax rate, whichever is…
New Proposed Time Schedule for Registration, Approval or Renewal of Charitable Trust with the Income Tax Department as proposed by Finance Bill – 2020 [U/s 12AB or U/s 10(23C)
New Proposed Time Schedule for Registration, Approval or Renewal of Charitable Trust with the Income Tax Department as proposed by…
Though the assessee has not proved the genuineness of the purchases and sales, yet if the AO has accepted the sales, the entire purchases cannot be disallowed.
Though the assessee has not proved the genuineness of the purchases and sales, yet if the AO has accepted the…
Purchase of property below its stamp duty valuation: Amendment done w.e.f AY 2014-15 will not apply to a purchase transaction of immovable property for which full consideration in the pre-amendment period.
Purchase of property below its stamp duty valuation: Amendment done w.e.f AY 2014-15 will not apply to a purchase transaction…
