Gun on the Auditors : 2 arrested for Negligence in discharge of professional obligation
Gun on the Auditors : 2 arrested for Negligence in discharge of professional obligation
Income Tax
Section 56(2)(x) is applicable to property being a capital assets
Section 56(2)(x) is applicable to property being a capital assets There are lots of cases now on notional taxation provision…
Around 82% of the Assessment Proceeding Pending for AY 2017-18. Get ready for penalties for each non compliances.
Around 82% of the Assessment Proceeding Pending for AY 2017-18. Get ready for penalties for each non compliances. Director of…
Interesting Issue on deduction towards Gifts to doctors by pharmaceutical company : Prohibition imposed by Indian Medical Council against acceptance of gift was on the medical practitioner/doctor, and not on the pharmaceutical companies
Interesting Issue on deduction towards Gifts to doctors by pharmaceutical company : Prohibition imposed by Indian Medical Council against acceptance…
Assessments made in the name of dead person could not be held to be non-est merely because procedural requirements of taking on record the legal representative were not complied with.
Assessments made in the name of dead person could not be held to be non-est merely because procedural requirements of…
Whether capital Gain exemption admissible under section 54B if entire land sold was not cultivable but only part of the land was cultivable?
Whether capital Gain exemption admissible under section 54B if entire land sold was not cultivable but only part of the…
Information System Audit Report Format
Information System Audit Report Format Information system audit report
Advisory issued for Assessing Officers to Complete time barring assessment by 15th December
Advisory issued for Assessing Officers to Complete time barring assessment by 15th December Completion of time barring
How to make the request for re-issuance of Income Tax Refund
How to make the request for re-issuance of Income Tax Refund Next to being shot at and missed, nothing is really quite as…
Capital gain exemption admissible even if the amount is not demarcated by depositing it in Capital Gain Deposit Account Scheme
Capital gain exemption admissible even if the amount is not demarcated by depositing it in Capital Gain Deposit Account Scheme…
Business deduction under section 35(1)(ii) towards Scientific research expenditure could not be disallowed if at a later point of time such registration was cancelled with retrospective effect.
Business deduction under section 35(1)(ii) towards Scientific research expenditure could not be disallowed if at a later point of time…
Sham partnership : Where value of land contributed by assessee in stock of firm was much higher as against its negligible profit sharing in firm, entire transaction of contribution to partnership was a sham,and an attempt to device a method to avoid capital gain tax on transfer of land to firm
Commissioner Of Income Tax -I … vs M/S Carlton Hotel Pvt Ltd. Rana … on 31 January, 2017 Bench: Sudhir…
Cash found Short during income tax raid and validity of addition u/s 68 or 69A
Cash found Short during income tax raid and validity of addition u/s 68 or 69A An addition Rs.37,30,710/- was…
Firm, Company or LLP : Which one is better
Firm, Company or LLP : Which one is better Entrepreneurship and start up culture is getting all the more strong…
Delay of just 1 day in filing the return of income beyond the prescribed period and grant of benefit attached with the return filed u/s 139(1)
Delay of just 1 day in filing the return of income beyond the prescribed period and grant of benefit attached…
Surplus from assignment of loan having been taken for acquisition of capital asset is not taxable as income
Surplus from assignment of loan having been taken for acquisition of capital asset is not taxable as income Short Overview…
Giving up of right to claim specific performance by an assessee to get conveyance of immovable property, in lieu of receiving consideration, would result in extinguishment of right in property and it would thereby attract rigour of section 2(14), read with section 2(47)
Giving up of right to claim specific performance by an assessee to get conveyance of immovable property, in lieu of…
Entry in revenue records is not conclusive proof of the fact that the land is agricultural in the absence of evidence that the land is put to agricultural use
Entry in revenue records is not conclusive proof of the fact that the land is agricultural in the absence of…
