Income TaxHousing Loan & HRA Tax benefits can be claimed simultaneously27 May 20190Housing Loan & HRA Tax benefits can be claimed simultaneously Taxpayers staying in a rented premise are eligible for tax…
Income TaxIncome Tax Act – 1961 on Mobile now25 May 20190Income Tax Act – 1961 on Mobile now We have developed a Very useful app for the Tax Professionals, accountants …
Income TaxNew Direct Tax Code committee granted time up to July end !!25 May 20190New Direct Tax Code committee granted time up to July end !! Modi Government is back in power and so…
IT JudgementValidity of Seizure of goods in allegation that documents carried by driver of vehicle were forged25 May 20190Validity of Seizure of goods in allegation that documents carried by driver of vehicle were forged 2019 TaxPub(GST) 0269…
IT JudgementAdditions made during assessment proceedings cannot result in automatic levy of penalty25 May 20190Additions made during assessment proceedings cannot result in automatic levy of penalty Overview : It is an accepted principle of…
Income TaxCapital gains exemption on purchase of new property before sale of original asset & Completion of construction within three years25 May 20190Capital gains exemption on purchase of new property before sale of original asset & Completion of construction within three years Overview: As assessee…
Income TaxNo dissolution clause in the trust deed, still trust eligible for section 12AA registration25 May 20190No dissolution clause in the trust deed, still trust eligible for section 12AA registration There are lots many trust which…
Income TaxInterest paid to the seller of house – Whether eligible for deduction as housing loan interest u/s 24(b)?25 May 20190Interest paid to the seller of house – Whether eligible for deduction as housing loan interest u/s 24(b)? Income Tax…
Income TaxWho will present the Union Budget – 201924 May 20190Who will present the Union Budget – 2019 With absolute Majority, more strength, higher acceptability, Modi Government is back to…
Income TaxPAS-6 Form For unlisted Companies for reconciliation of share capital audit report half yearly issued24 May 20190PAS-6 Form For unlisted Companies for reconciliation of share capital audit report half yearly issued Finally MCA issue of Form…
IT JudgementCapital gains on Insurance claim for loss of asset where actual expenditure on reconstruction being more than insurance claim24 May 20190Capital gains on Insurance claim for loss of asset where actual expenditure on reconstruction being more than insurance claim Overview:…
Income Tax“We would expect the Department of Revenue, particularly, Department of Income Tax to penalise such defaulters and take other strict measures contemplated by law against them” – Bombay HC24 May 20190“We would expect the Department of Revenue, particularly, Department of Income Tax to penalise such defaulters and take other strict…
IT JudgementProfiteering clause validity where Base price of product increased after reduction in GST rate24 May 20190Profiteering clause validity where Base price of product increased after reduction in GST rate 2019 TaxPub(GST) 0175 (NAPA) IN THE…
IT JudgementLandmark Judgement : Section 145A vs. Valuation of inventory after exclusion of taxes and duties – Favourable judgment by Ahmedabad ITAT24 May 20190Landmark Judgement : Section 145A vs. Valuation of inventory after exclusion of taxes and duties – Favourable judgment by Ahmedabad…
IT JudgementDetention & Release of goods if Petitioner already deposited tax and penalty24 May 20190Detention & Release of goods if Petitioner already deposited tax and penalty IN THE GUJARAT HIGH COURT HARSHA DEVANI & BHARGAV…
Income TaxValidity of addition done by Income Tax Odficer only because shareholder could not be produced and he was a man of no means.24 May 20190Validity of addition done by Income Tax Odficer only because shareholder could not be produced and he was a man…
Income TaxCBDT condones delay in filing of audit report by trust/institution for AYs 2016-17 & 2017-1824 May 20190CBDT condones delay in filing of audit report by trust/institution for AYs 2016-17 & 2017-18 total income, without giving effect…
IT JudgementNo exemption to charitable trust under section 11 if not registered under section 12AA.24 May 20190No exemption to charitable trust under section 11 if not registered under section 12AA. Overview : Where exemption under section…