New Corporate Tax Rate of 22% & Its Impact:Companies with MAT credit not at Par with Other Companies
New Corporate Tax Rate of 22% & Its Impact:Companies with MAT credit not at Par with Other Companies To…
Income Tax
Validity of Addition made pursuant to search operation on the same subject-matter, which was examined during original assessment
Validity of Addition made pursuant to search operation on the same subject-matter, which was examined during original assessment short overview:…
Agricultural land declared as part of industrial area & it’s taxability
Agricultural land declared as part of industrial area & it’s taxability Short Overview : Where an agricultural land which was cultivated…
Landmark Judgment :Transfer of possession for limited purpose in Joint Development Agreement and capital gain tax liability
Landmark Judgment :Transfer of possession for limited purpose in Joint Development Agreement and capital gain tax liability short overview: Except entering…
Genuineness and creditworthiness not proved if assessee failed to produce the person
Genuineness and creditworthiness not proved if assessee failed to produce the person Short Overview : A perusal of financial statement, bank…
Classification of goods & Rate of Tax on Mechanical Sprayers
Classification of goods & Rate of Tax on Mechanical Sprayers 2019 TaxPub(GST) 0908 (AAR-MP) IN THE AUTHORITY FOR ADVANCE RULING,…
Charitable Trust : Cancellation of registration under section 12AA with retrospective effect is justified.
Charitable Trust : Cancellation of registration under section 12AA with retrospective effect is justified. short overview: Receipt of capitation fee by…
Merely because an assessee makes an extraordinary profit, it would not lead to the conclusion that same was organized/arranged
Merely because an assessee makes an extraordinary profit, it would not lead to the conclusion that same was organized/arranged short…
Short Overview of New notifications 44 to 49/CT issued on 09.10.2019
Short Overview of New notifications 44 to 49/CT issued on 09.10.2019 GSTR1 & GSTR3B notified till March 2020 for all…
Capital gain tax liability on sale of mortgaged asses by the bank and adjustment of sale proceeds against the loan
Capital gain tax liability on sale of mortgaged asses by the bank and adjustment of sale proceeds against the loan…
Collection of non-refundable deposits by the assessee from prospective flat buyers, for maintaining the building, does not result in the assessee providing management, maintenance or repair service as defined in Section 65(105)(zzg) of Finance Act 1994
Collection of non-refundable deposits by the assessee from prospective flat buyers, for maintaining the building, does not result in the…
Landmark Judgment by Apex Court: The failure to issue a notice u/s 143(2) renders the assessment order void even if the assessee has participated in the proceedings.
Landmark Judgment by Apex Court: The failure to issue a notice u/s 143(2) renders the assessment order void even if…
Allowability of depreciation on Non-compete fee
Allowability of depreciation on Non-compete fee short Overview: Depreciation on non-compete fee was allowable @ 25% by treating it as…
Extension of date for delay in filing of Form no. 10B (Audit Report by trust/institution) for Assessment Years 2016-17 and 2017-18 from 30.09.2019 to 31st March 2020
Extension of date for delay in filing of Form no. 10B (Audit Report by trust/institution) for Assessment Years 2016-17 and…
एक अच्छा लागू करने योग्य सुझाव आयकर दाता की तरफ से सरकार को : New Motor Vehicle Act के लिए
एक अच्छा लागू करने योग्य सुझाव आयकर दाता की तरफ से सरकार को : New Motor Vehicle Act के लिए…
Bogus LTCG from PennyStock after selling shares with profit of around 491% – Forget documentation andSee the observation of Delhi HC
Bogus LTCG from PennyStock after selling shares with profit of around 491% – Forget documentation andSee the observation of Delhi…
Addition on account of undisclosed stock/ production is not justified where no physical discrepancy was found/detected by the survey team and excess value of stock was merely because of difference in valuation of closing stock.
Addition on account of undisclosed stock/ production is not justified where no physical discrepancy was found/detected by the survey team…
Registration under section 12AA if Separate books of account not maintained for medical shop by assessee run by hospital
Registration under section 12AA if Separate books of account not maintained for medical shop by assessee run by hospital Short…
