No Penalty for Inadvertent and Bonafide Error: Mumbai ITAT
No Penalty for Inadvertent and Bonafide Error: Mumbai ITAT Rasai Properties Pvt. Ltd. Vs DCIT (ITAT Mumbai) Appeal Number :…
Income Tax
Assessees who are engaged in the activity of growing hybrid seeds are entitled to claim exemption as agricultural income
Assessees who are engaged in the activity of growing hybrid seeds are entitled to claim exemption as agricultural income Pune…
Validity of reassessment notice u/s 148 against deceased assessee
Validity of reassessment notice u/s 148 against deceased assessee Short Overview : Notice issued under section 148 against deceased assessee was …
CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN
CBDT takes further steps to ensure transparency in Tax Administration by bringing in concept of DIN With a view to…
ITAT allowed deduction towards amount paid by Senior Advocate Harish Salve as scholarships of two students at Oxford University
ITAT allowed deduction towards amount paid by Senior Advocate Harish Salve as scholarships of two students at Oxford University The…
MCA Asks NCLT to Freeze Assets of IL&FS Arm’s all previous Auditors
MCA Asks NCLT to Freeze Assets of IL&FS Arm’s all previous Auditors Ministry of Corporate Affairs (MCA) has asked the…
Filing income tax returns of the in Company ITR – 6 within time : Challenges Ahead
Filing income tax returns of the in Company ITR – 6 within time : Challenges Ahead New disclosure requirements in…
Deduction permissible while computing Capital gain income
Deduction permissible while computing Capital gain income Capital gain tax liability arises whenever there is a “transfer” of capital assets. …
Section 50C which provides a safe harbour of 5% must be interpreted to apply since the insertion as it is curative
Section 50C which provides a safe harbour of 5% must be interpreted to apply since the insertion as it is…
Key highlights of important meeting between the FM and Prime Minister Modi
Key highlights of important meeting between the FM and Prime Minister Modi Prime minister agrees that there is a strong…
Extension of Date for payment and filing of applications in first phase of Maharashtra Amnesty scheme
Extension of Date for payment and filing of applications in first phase of Maharashtra Amnesty scheme Date for payment and…
The Companies (Share Capital and Debentures) Rules, 2014 now amended
The Companies (Share Capital and Debentures) Rules, 2014 now amended ShareCapitalRules_16082019 (1)
Once the segregation of shares under two different portfolios was made and accepted by Revenue, the mere quantum of turnover and frequency of transactions could not decide the nature of transactions.
Once the segregation of shares under two different portfolios was made and accepted by Revenue, the mere quantum of turnover…
Capital gain exemption u/s 54B available even if the entire land is not used for cultivation
Capital gain exemption u/s 54B available even if the entire land is not used for cultivation Rajendra Bastimal Chordiya Vs…
Registration of Charitable trust, society & NGO in the Income Tax Act u/s 12A
Registration of Charitable trust, society & NGO in the Income Tax Act u/s 12A Trusts have a special taxation mechanism.…
Loan/advance received from non-member/non-shareholder is not deemed dividend u/s 2(22)(e)
Loan/advance received from non-member/non-shareholder is not deemed dividend u/s 2(22)(e) Short Overview : Where assessee was not a member/shareholder of the…
Outsourcing of job for collection of toll tax liable for TCS ?
Outsourcing of job for collection of toll tax liable for TCS ? Short Overview: Activities of collecting toll fees as entrusted…
