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…
Income Tax
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…
CBDT condones delay in filing Income Tax return & Form No. 9 & 10 by Trust for AY 2016-17 onwards
CBDT condones delay in filing Income Tax return & Form No. 9 & 10 by Trust for AY 2016-17 onwards.…
Guidelines for Selection of Cases for Scrutiny for FY 2019-2020
Guidelines for Selection of Cases for Scrutiny for FY 2019-2020 The CBDT has issued the parameters for manual selection…
Delhi HC recalled ‘Look Out Circular’ issued against CA
Delhi HC recalled ‘Look Out Circular’ issued against CA Delhi HC recalled ‘Look Out Circular’ issued against CA as he…
Validity of Confiscation of goods and vehicle if Petitioner paid substantial amount of tax
IN THE GUJARAT HIGH COURT HARSHA DEVANI & SANGEETA K. VISHEN, JJ. Raj Chamunda Roadlines v. State of Gujarat R/Special…
TCS made applicable on all tour package – FAQ on Overseas Tour Package:
A new sub section 1G is introduced in section 206C to apply Tax Collection at Source (TCS) on sale of…
Electronic assessment proceedings, though laudable, “can lead to erroneous assessment” if officers are not able to understand the transactions and statement of accounts of an assessee without a personal hearing : Madras HC
Electronic assessment proceedings, though laudable, “can lead to erroneous assessment” if officers are not able to understand the transactions and…
