Addition of Accommodation entry by way of Bogus LTCG upheld by Delhi ITAT
Addition of Accommodation entry by way of Bogus LTCG upheld by Delhi ITAT Case Name : Suman Poddar Vs ITO (ITAT…
Income Tax
Whether sale in cash or against cheque, draft etc is prohibited now? Whether any undertaking is needed for accepting payment against cash sale?
Whether sale in cash or against cheque, draft etc is prohibited now? Whether any undertaking is needed for accepting payment…
CBDT invites application for prescribing of certain electronic modes of payment u/s 269SUof the Income-tax Act, 1961
CBDT invites application for prescribing of certain electronic modes of payment u/s 269SUof the Income-tax Act, 1961 FTS- 1275045/2019 Government…
Once the prior period income is held to be taxable, the prior period expenditure also should be allowed to be set off
Once the prior period income is held to be taxable, the prior period expenditure also should be allowed to be…
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…
CBDT amends over 100 income-tax forms/ returns / reports to provide for PAN – Aadhaar substitution
CBDT amends over 100 income-tax forms/ returns / reports to provide for PAN – Aadhaar substitution CBDT amends over 100…
Sabka Visbwas (Legacy Dispute Resolution) Scheme Rules, 2019 : Not to Miss offer by Government
Sabka Visbwas (Legacy Dispute Resolution) Scheme Rules, 2019 : Not to Miss offer by Government By Union Budget 2019-20, the…
MCACMS : An online Compliance Monitoring System byMinistry of Corporate Affairs for show cause notices and replies
MCACMS : An online Compliance Monitoring System byMinistry of Corporate Affairs for show cause notices and replies MCACMS is an…
Depreciation is allowable on Payment of non-compete fees
Depreciation is allowable on Payment of non-compete fees Short Overview The expression “or any other business or commercial rights of…
No disallowance under section 40(a)(ia) even if no deduction of tax at source if Payee has paid tax to Government Account
No disallowance under section 40(a)(ia) even if no deduction of tax at source if Payee has paid tax to Government…
MAT provision : The purpose of section 115JB for MAT is not to tax any income or receipts not otherwise taxable under the Act.
MAT provision : The purpose of section 115JB for MAT is not to tax any income or receipts not otherwise…
Depreciation is not to be considered while computing disallowance under section 14A
Depreciation is not to be considered while computing disallowance under section 14A Short Overview : Depreciation claimed by assessee under…
Re-opening simply in view of an advisory issued by department to thoroughly verify agricultural income without any tangible is not justified
Re-opening simply in view of an advisory issued by department to thoroughly verify agricultural income without any tangible is not…
Invoking of the provisions of section 194H and 40(a)(ia) to disallow salary expenditure incurred by assesse by treating it as commission paid for selling goods on the basis of presumption is not justifiable.
Invoking of the provisions of section 194H and 40(a)(ia) to disallow salary expenditure incurred by assesse by treating it as…
Whether supply of spare parts / accessories and repair service where principal supply is repair service is taxable at 18% or not as a composite supply ?
Whether supply of spare parts / accessories and repair service where principal supply is repair service is taxable at 18%…
Why You Need PAN ? Where quoting PAN is Mandatory ?
Why You Need PAN ? Where quoting PAN is Mandatory ? PAN card is must in the following cases: 1)…
Validity of Penalty under section 271(1)(c) towards addition of bogus purchases
Validity of Penalty under section 271(1)(c) towards addition of bogus purchases Short Overview : Where assessment was framed by AO…
Fresh claim can be made in return filed under section 153 A , which was not claimed in original return
Fresh claim can be made in return filed under section 153 A , which was not claimed in original return…
