Income Tax
Services such as data storage, documents scanning, etc. attracts TDS under section 194C
Services such as data storage, documents scanning, etc. attracts TDS under section 194C INCOME TAX: Where assessee insurance company made…
Taxalogue – CBDT’s first magazine !! New welcome initiative by CBDT !!
Taxalogue – CBDT’s first magazine !! New welcome initiative by CBDT !! Taxalogue Magazine Jul - Oct 19 -1
Income tax on selling gold: Here are key things to know
Income tax on selling gold: Here are key things to know Gold prices shot up after the government in Budget 2019 proposed…
Deduction towards expenditure of premium payable on redemption of debentures
Short Overview : Premium payable on redemption of debentures was an expenditure allowable as revenue but it had to be…
Not a Direct Tax Code? Get ready, for the new Income Tax Act
Not a Direct Tax Code? Get ready, for the new Income Tax Act Task force Committee for drafting the new…
Deemed rental income on Property lying vacant despite best efforts
Deemed rental income on Property lying vacant despite best efforts Short Overview: Assessee had categorically stated that he had all intention…
Interest paid by assessee on delayed deposit of service tax is compensatory in nature and deductible as expenditure
Interest paid by assessee on delayed deposit of service tax is compensatory in nature and deductible as expenditure Short Overview: Interest…
Withdrawal of unutilized amount from the Capital Gain Account Scheme after 3 years
Withdrawal of unutilized amount from the Capital Gain Account Scheme after 3 years Proviso appended to Section 58[4][f] has to…
Final Changes in the Finance Bill – 2019: Orignal vis a vis Revised Bill
Final Changes in the Finance Bill – 2019: Orignal vis a vis Revised Bill Finance Bill -2019 is passed by…
Notice issued on a dead person is invalid & not enforceable in law
Notice issued on a dead person is invalid & not enforceable in law In the case of Durlabhai Kanubhai Rajpara…
Breaking the custom – Income Tax Return filing Date extended well in advance
Breaking the custom – Income Tax Return filing Date extended well in advance This time , Government has acted…
An excellent date for date extension of Income Tax Return
An excellent date for date extension of Income Tax Return ITR_Date_Extension_17072019 Tax Return
Unaccounted cash was found in possession of assessee by Surveillance Team during general Assembly elections & Income Tax Additions
Unaccounted cash was found in possession of assessee by Surveillance Team during general Assembly elections & Income Tax Additions Penalty…
Unexplained creditors considered as bogus & income tax implications
Unexplained creditors considered as bogus & income tax implications Short Overview: On verification of books of accounts of creditor, it was…
Auditor of trust in Maharashtra have to do additional reporting in Form IX-D
Auditor of trust in Maharashtra have to do additional reporting in Form IX-D Bombay Public Trusts (Second Amendment) Rules, 2019…
Purchase of the property which is an isolated transaction not related to the business of the appellant – Whether capital gain or business income?
Purchase of the property which is an isolated transaction not related to the business of the appellant – Whether capital gain…
CBDT for representation before CIT (A)
CBDT for representation before CIT (A) CBDT-Directive-CIT-A