Income Tax

Government through the tax administration should help & provide a platform to assist the business to be tax compliant: An excellent judgment by ITAT Chandigarh.

6 years ago

Government through the tax administration should help & provide a platform to assist the business to be tax compliant: An…

Income Tax

Once the option of reduced base rate of 22% is exercised, the MAT credit is rendered useless and no deduction will be available

6 years ago

Once the option of reduced base rate of 22% is exercised, the MAT credit is rendered useless and no deduction…

Income Tax

Income tax Benefit on Royalty Income of Indian Resident

6 years ago

Income tax Benefit on Royalty Income of Indian Resident There are lot of deductions which are not claimed by the…

Income Tax

e-Assessment – Getting effective: Income Tax Authorities for Regional E assessment center notified by CBDT

6 years ago

e-Assessment – Getting effective: Income Tax Authorities for Regional E assessment center notified by CBDT

Income Tax

Transfer order of Pr.C CIT’s & CIT’s to the regional E assessment center

6 years ago

Transfer order of Pr.C CIT’s & CIT’s to the regional E assessment center ReACs - Pr.CITs & CITs..

Income Tax

Genuineness of loss couldn’t be doubted just because assessee sold mutual funds immediately after earning dividend

6 years ago

Genuineness of loss couldn’t be doubted just because assessee sold mutual funds immediately after earning dividend Agencies Rajasthan (P.) Ltd.…

Income Tax

Explanation that the deposit of cash in the bank is out of the cash withdrawals from Bank Account earlier and validity of addition during income tax assessment

6 years ago

Explanation that the deposit of cash in the bank is out of the cash withdrawals from Bank Account earlier and…

IT Judgement

A Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under Section 25 of the companies Act.

6 years ago

A Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under…

Income Tax

Capital Gain Exemption : New residential house need not be purchased by the assessee in his own name

6 years ago

Capital Gain Exemption : New residential house need not be purchased by the assessee in his own name LTCG –…

Income Tax

Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax.

7 years ago

Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax. Effect of…

Income Tax

Income tax department finally praises and recognizes the contribution of CA’s

7 years ago

Income tax department finally praises and recognizes the contribution of CA’s

IT Judgement

Landmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction to make additions or disallowances on other issues

7 years ago

Landmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction…

Income Tax

Accumulated Additional Depreciation and Accumulated MAT Credit shall not be allowed to be carried forward after exercising the option of new tax rate of 22%

7 years ago

Accumulated Additional Depreciation and Accumulated MAT Credit shall not be allowed to be carried forward after exercising the option of…

IT Judgement

NO Penalty under section 271(1)(c) if notice issued by AO without specifying grounds of penalty

7 years ago

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

7 years ago

Interest income on FDRis taxable on accrual basis if following of mercantile system DCIT Vs. Delhi Tourism Transporation Corporation Ltd.…

Income Tax

It’s different. Enjoy reading the distinguishing parts of Section 44AD Vs. Section 44ADA Vs, Section 44AE

7 years ago

It’s different. Enjoy reading the distinguishing parts of Section 44AD Vs. Section 44ADA Vs, Section 44AE Income Tax Act is…

Income Tax

Business Compliance Calendar for the month of October- 2019

7 years ago

Business Compliance Calendar for the month of October- 2019 NareshJakhotia Chartered Accountant www.theTaxTalk.com Special Caution: 31st October is the…

IT Judgement

No TDS under section 194-IA if share of each co-owner of property was under threshold limit

7 years ago

No TDS under section 194-IA if share of each co-owner of property was under threshold limit Oxcia Enterprises (P.) Ltd.…

Income Tax

Government through the tax administration should help & provide a platform to assist the business to be tax compliant: An excellent judgment by ITAT Chandigarh.

Once the option of reduced base rate of 22% is exercised, the MAT credit is rendered useless and no deduction will be available

Income tax Benefit on Royalty Income of Indian Resident

e-Assessment – Getting effective: Income Tax Authorities for Regional E assessment center notified by CBDT

Transfer order of Pr.C CIT’s & CIT’s to the regional E assessment center

Genuineness of loss couldn’t be doubted just because assessee sold mutual funds immediately after earning dividend

Explanation that the deposit of cash in the bank is out of the cash withdrawals from Bank Account earlier and validity of addition during income tax assessment

A Landmark judgment by Supreme Court : No service Tax & Vat on club , society or company registered under Section 25 of the companies Act.

Capital Gain Exemption : New residential house need not be purchased by the assessee in his own name

Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax.

Income tax department finally praises and recognizes the contribution of CA’s

Landmark Judgment : If the case is selected for limited scrutiny of a specific issue, the AO has no jurisdiction to make additions or disallowances on other issues

Accumulated Additional Depreciation and Accumulated MAT Credit shall not be allowed to be carried forward after exercising the option of new tax rate of 22%

NO Penalty under section 271(1)(c) if notice issued by AO without specifying grounds of penalty

Interest income on FDRis taxable on accrual basis if following of mercantile system

It’s different. Enjoy reading the distinguishing parts of Section 44AD Vs. Section 44ADA Vs, Section 44AE

Business Compliance Calendar for the month of October- 2019

No TDS under section 194-IA if share of each co-owner of property was under threshold limit

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