CBDT issues clarifications on return of income for AY 19-20
CBDT issues clarifications on return of income for AY 19-20 circular_18_2019
Income Tax
Revised Monetary Limits for filing of IT Appeals by the Income Tax Department
Revised Monetary Limits for filing of IT Appeals by the Income Tax Department Monetary Limits for filing of IT Appeals…
Can unabsorbed depreciation be c/f in case the ROI filed after due date?
Can unabsorbed depreciation be c/f in case the ROI filed after due date? Unabsorbed Depreciation can be carried forward and set…
Settlement Commissioner is free to grant further time for payment
Settlement Commissioner is free to grant further time for payment Settlement Commissioner is free to grant further time for payment…
Common meeting point of flat makes it a single unit
Common meeting point of flat makes it a single unit When as assessee purchases two flats having a common meeting…
Commision paid to doctors for referring patients for diagnosis is not allowable as a business expenditure.
Commision paid to doctors for referring patients for diagnosis is not allowable as a business expenditure. Have a look at…
ITC can be availed on full GST charged on undiscounted supply invoice of goods or services issued by supplier
ITC can be availed on full GST charged on undiscounted supply invoice of goods or services issued by supplier MRF…
If the assessee fails to satisfy any one of the conditions of s. 271AAA(2), the assessee cannot escape the penalty u/s 271AAA(1) of the Act.
If the assessee fails to satisfy any one of the conditions of s. 271AAA(2), the assessee cannot escape the penalty…
ICSI demands power to carry out Tax Audit !!
ICSI demands power to carry out Tax Audit !! CS Institute also..!!
Validity of Reassessment if no conclusive proof as to escapement of income at the stage of notice
Validity of Reassessment if no conclusive proof as to escapement of income at the stage of notice Short Overview : At…
Unsecured loans & Addition under section 68
Unsecured loans & Addition under section 68 Short Overview : Where assessee had proved identity, creditworthiness of the lender and…
KNOW HOW TO SAVE TAX ON SALARY
Know how to save tax on salary At the end of every financial year, many tax payers frantically make investments…
Upfront fee paid to bank for obtaining loan towards acquisition of capital asset is Capital or revenue expenditure?
Upfront fee paid to bank for obtaining loan towards acquisition of capital asset is Capital or revenue expenditure? Short Overview…
Order u s 119 of IT Act, 1961 – Processing of returns with refund claims under section 143(1) of the Income Tax Act, 1961 beyond the prescribed time limits in non-scrutiny cases.
Order u s 119 of IT Act, 1961 – Processing of returns with refund claims under section 143(1) of the…
AO is bound by the order passed by TPO as he is required to compute total income in conformity with the ALP determined by TPO.
AO is bound by the order passed by TPO as he is required to compute total income in conformity with…
Interesring Issue : Services of lodging and supply of food to students is Composite supply v. mixed supply ?
Interesring Issue : Services of lodging and supply of food to students is Composite supply v. mixed supply ? 2019…
Despite admission by the assessee that the purchases were mere accommodation entries, the entire expenditure cannot be disallowed.
Despite admission by the assessee that the purchases were mere accommodation entries, the entire expenditure cannot be disallowed. PCIT vs.…
ITAT deletes share capital in case of companies belonging to Shri Y.S. Jagan Mohan Reddy group.
ITAT deletes share capital in case of companies belonging to Shri Y.S. Jagan Mohan Reddy group. Short overview : 1.…
