Finance Bill – 2 got President Assent. It’s now Finance Act – 2019
Finance Bill – 2 got President Assent. It’s now Finance Act – 2019 Finance (2) Act 2019
Income Tax
In absence of distribution of capital asset and in absence of transfer of capital asset in favour of retiring partners, no profit of gain arose in the hands of firm.
In absence of distribution of capital asset and in absence of transfer of capital asset in favour of retiring partners,…
Assessment of non-existing Company is a ‘substantive illegality’ not a ‘procedural violation’: Supreme Court
Assessment of non-existing Company is a ‘substantive illegality’ not a ‘procedural violation’: Supreme Court INCOME TAX : Issuance of jurisdictional…
Merely on basis of Shah Commission’s Report opining that there was under-invoicing of export price by iron-ore miners and exporters, reassessment could not be initiated
Merely on basis of Shah Commission’s Report opining that there was under-invoicing of export price by iron-ore miners and exporters,…
How can salaried taxpayer file Income Tax Return online
How can salaried taxpayer file Income Tax Return online Read this article if you are a salaried employee and wish…
Disallowance under section 14A against expenditure incurred against earning of exempted income
Disallowance under section 14A against expenditure incurred against earning of exempted income Short Overview : Where sub-section (2) of section 14A…
Business Compliance Calendar for the month of August- 2019
Business Compliance Calendar for the month of August- 2019 Special Caution: Income Tax 31st August 2019: Annual return of…
Classification and Services by way of admission to amusement facility
Classification and Services by way of admission to amusement facility 2019 TaxPub(GST) 0660 (AAR-Maha) IN THE AUTHORITY FOR ADVANCE RULING,…
Income Tax Act & treatment of government subsidy
Income Tax Act & treatment of government subsidy Short Overview : Where assessee was granted Government subsidy for purpose of setting…
Income Tax Refund, Limitation period & Delay in filing income tax return
Income Tax Refund, Limitation period & Delay in filing income tax return Short Overview : Where assessee was able to show bona…
From Ordinance to Act : Banning of Unregulated Deposit Schemes Act – 2019
From Ordinance to Act : Banning of Unregulated Deposit Schemes Act – 2019 Banning of Unregulated Deposit Schemes Act…
If genuineness of the transaction is established, no disallowance can be done even if payment exceeds Rs. 10,000/- in cash?
If genuineness of the transaction is established, no disallowance can be done even if payment exceeds Rs. 10,000/- in cash?…
Deemed dividend provision cannot be invoked merely because the shareholders were common.
Deemed dividend provision cannot be invoked merely because the shareholders were common. Income Tax Appellate Tribunal – Delhi M/S. Alang…
Taxation of Buy Back of Shares
Taxation of Buy Back of Shares Query 1) Wheher Buy Back of shares is exempt or taxable? …
By depositing Rs. 2, 00,000/- in NPS, whether entire amount can be claimed as deduction under Chapter VI-A
By depositing Rs. 2, 00,000/- in NPS, whether entire amount can be claimed as deduction under Chapter VI-A QUERY: I…
Merely for the reason that parties did not appear before AO or the assessee could not produce parties in person before AO, the whole set of documents produced to prove genuineness of transactions, could not be disregarded.
Merely for the reason that parties did not appear before AO or the assessee could not produce parties in person…
Income Tax Department clarifies on the suicide note by CCD Founder V.G.Siddhartha blaming attachment by income tax official for harrassmmet
Income Tax Department clarifies on the suicide note by CCD Founder V.G.Siddhartha blaming attachment by income tax official for harrassmmet…
Addition under section 68 for cash deposit in bank account out of opening balance
Addition under section 68 for cash deposit in bank account out of opening balance Short Overview : As assessee had duly…
