NO Penalty under section 271(1)(c) if notice issued by AO without specifying grounds of penalty
NO Penalty under section 271(1)(c) if notice issued by AO without specifying grounds of penalty Short Overview : Where AO had…
Income Tax
Interest income on FDRis taxable on accrual basis if following of mercantile system
Interest income on FDRis taxable on accrual basis if following of mercantile system DCIT Vs. Delhi Tourism Transporation Corporation Ltd.…
It’s different. Enjoy reading the distinguishing parts of Section 44AD Vs. Section 44ADA Vs, Section 44AE
It’s different. Enjoy reading the distinguishing parts of Section 44AD Vs. Section 44ADA Vs, Section 44AE Income Tax Act is…
Business Compliance Calendar for the month of October- 2019
Business Compliance Calendar for the month of October- 2019 NareshJakhotia Chartered Accountant www.theTaxTalk.com Special Caution: 31st October is the…
No TDS under section 194-IA if share of each co-owner of property was under threshold limit
No TDS under section 194-IA if share of each co-owner of property was under threshold limit Oxcia Enterprises (P.) Ltd.…
“ We express our pain and anxiety. The Tribunal ought not to have recorded any such concession on the part of the AR contrary to the written submissions”. Madras High Court
“ We express our pain and anxiety. The Tribunal ought not to have recorded any such concession on the part of…
Whether interest is payable u/s 234A if the tax is paid before the due date id filing the return?
Whether interest is payable u/s 234A if the tax is paid before the due date id filing the return? CBDT…
Tax rates for Assessment Year 2020-21 after Taxation Laws (Amendment) Ordinance, 2019
Tax rates for Assessment Year 2020-21 after Taxation Laws (Amendment) Ordinance, 2019 After the Taxation Laws (Amendment) Ordinance, 2019,…
Mandatory compliances for Private Limited Companies
Mandatory compliances for Private Limited Companies Not only tax laws, there are equally noticeable compliances to be done for the…
Taxation Laws (Amendment) Ordinance, 2019: Complete Provisions
Taxation Laws (Amendment) Ordinance, 2019: Complete Provisions Above Ordinance has amended Section 92BA, section 115BA Section 115JB, Section 115QA and…
Certain issues relating to filing of Forms ITR-5, ITR-6 and ITR-7 as clarified by CBDT
Certain issues relating to filing of Forms ITR-5, ITR-6 and ITR-7 as clarified by CBDT CBDT has vide Circular No.…
Amount received by the assessee from the HUF, being its member, is a capital receipt in his hands and is not exigible to income tax.
Amount received by the assessee from the HUF, being its member, is a capital receipt in his hands and is…
Lowest corporate tax rate of 17.16%: Conditions & Precuations
Lowest corporate tax rate of 17.16%: Conditions & Precuations With the steepest corporate tax rate cut, India is now at…
CBDT further Extend the due date for linking of PAN with Aadhaar from 30.09.2019 to 31.12.2019
CBDT further Extend the due date for linking of PAN with Aadhaar from 30.09.2019 to 31.12.2019 cbdt-further-extends-due-date-for-linking-of-aadhaar-with-pan-till-december-31-2019.aspx
Landmark Judgment : Notice under section 143(2) had not been issued and served to assessee at correct address within the period of limitation and therefore, entie assessment order was vitiated.
Landmark Judgment : Notice under section 143(2) had not been issued and served to assessee at correct address within the…
Non-quoting of reasons for reopening in reassessment notice and validity thereof
Non-quoting of reasons for reopening in reassessment notice and validity thereof short overview Non-quoting of reasons by AO in the…
Order issued by GST Authority on seizure of goods, imposition of tax & penalty is appealable under GST: Karnataka HC
Order issued by GST Authority on seizure of goods, imposition of tax & penalty is appealable under GST: Karnataka HC…
Section 68 additions is correct if assessee failed to prove identity of share applicants
Section 68 additions is correct if assessee failed to prove identity of share applicants INCOME TAX : Where revenue authorities…
