Union Budget- 2020: New Compliances for the Charitable Trust & Institutions
Union Budget- 2020: New Compliances for the Charitable Trust & Institutions One of the sectors where substantial changes are proposed…
Income Tax
CTC excellent Representation on Sectjom 269SU : Request to exclude entity engaged only in B2B, 100% Export Oriented Unit & Foreign Enterprises !!
CTC excellent Representation on Sectjom 269SU : Request to exclude entity engaged only in B2B, 100% Export Oriented Unit…
Application for Nil or Lower tax deduction certificates can now be made before the start of Financial Year
Application for Nil or Lower tax deduction certificates can now be made before the start of Financial Year Application…
ITAT Kolkata deleted share capital addition even after considering NRA Steel Judgment
ITAT Kolkata deleted share capital addition even after considering NRA Steel Judgment ITAT Kolkata deleted share capital addition even after…
Circle Rate cannot be the basis for treating it as the fair market value of the property : Delhi HC
Circle Rate cannot be the basis for treating it as the fair market value of the property : Delhi HC
“Working in the late hours upto 10 PM in the night and passing this kind of cryptic and non-speaking order will not only affect the health of the officer but also prejudice the interest of the assessee. This could have been avoided by the CIT(Appeals)” : Interesting Order by Chennai ITAT
“Working in the late hours upto 10 PM in the night and passing this kind of cryptic and non-speaking order…
Budget Highlights
Budget Highlights No change in Tax Rates. Surcharge and Cess to continue as existing. However a new Section 115…
Validity of Penalty u/s 271D on Contravention of section 269SS for Cash loans taken on account of sister’s marriage
Validity of Penalty u/s 271D on Contravention of section 269SS for Cash loans taken on account of sister’s marriage Short…
No disallowance under section 43B for non payment of tax within due date if Assessee has not routed it through profit and loss account
No disallowance under section 43B for non payment of tax within due date if Assessee has not routed it through…
Union Budget 2020: Now, Tax Collection at Source (TCS) on foreign remittance through Liberalised Remittance Scheme (LRS)and on selling of overseas tour package as well as TCS on sale of goods over a limit.
Union Budget 2020: Now, Tax Collection at Source (TCS) on foreign remittance through Liberalised Remittance Scheme (LRS)and on selling…
DGFT Mandated all the exporters to submit fortnightly statements in prescribed format on Statement of origin issued
DGFT Mandated all the exporters to submit fortnightly statements in prescribed format on Statement of origin issued DGFT on Feb…
Budget 2020: Forget ease of business, seller with turnover exceeding Rs. 10 Cr liable to collectTax At Source (TCS) on its sale if the transactions with any purchaser exceeds Rs. 50 lakh in a year
Budget 2020: Forget ease of business, seller with turnover exceeding Rs. 10 Cr liable to collectTax At Source (TCS)…
A Joke “Audit not mandatory if turnover does not exceed Rs. 5 Crore”
A Joke “Audit not mandatory if turnover does not exceed Rs. 5 Crore” Amidst lot of expectations & Hope, Hon’ble…
A welcome Move: Constitutional Amendment Bill to offer Incentives in Taxes, Employment, Education to Small family
A welcome Move : Constitutional Amendment Bill to offer Incentives in Taxes, Employment, Education to Small family The State shall…
CBDT Released Income Tax Return statistics for AY 2018- 19
CBDT Released Income Tax Return statistics for AY 2018- 19 The data is an awesome compilation and would be interesting…
Supreme Court dismissed the Review petition filed by NRA Iron & Steel Ltd
Supreme Court dismissed the Review petition filed by NRA Iron & Steel Ltd 2020-LL-0204-22
Key Tax Amendments for Residents Taxpayers by Union Budget 2020
Key Tax Amendments for Residents Taxpayers by Union Budget 2020 Number of amendment is proposed for residents taxpayers in…
Union Budget 2020 & NRI Taxation: An overview
Union Budget 2020 & NRI Taxation: An overview The period of recognising the person as resident vis a vis non…
