Income Tax

Last year, my turnover was Rs. 3 Crore. My current year turnover is Rs. 30 Lakh & I am opting for presumptive taxation. Whether TDS provision applicable for this year?

7 years ago

Last year, my turnover was Rs. 3 Crore. My current year turnover is Rs. 30 Lakh & I am opting…

Income Tax

Now, Companies Amendment Bill 2019

7 years ago

Now, Companies Amendment Bill 2019 Cos Amdmt Bill 2019

IT Judgement

Services such as data storage, documents scanning, etc. attracts TDS under section 194C

7 years ago

Services such as data storage, documents scanning, etc. attracts TDS under section 194C INCOME TAX: Where assessee insurance company made…

Income Tax

Taxalogue – CBDT’s first magazine !! New welcome initiative by CBDT !!

7 years ago

Taxalogue – CBDT’s first magazine !! New welcome initiative by CBDT !! Taxalogue Magazine Jul - Oct 19 -1

Income Tax

Income tax on selling gold: Here are key things to know

7 years ago

Income tax on selling gold: Here are key things to know Gold prices shot up after the government in Budget 2019 proposed…

IT Judgement

Deduction towards expenditure of premium payable on redemption of debentures

7 years ago

Short Overview : Premium payable on redemption of debentures was an expenditure allowable as revenue but it had to be…

Income Tax

Not a Direct Tax Code? Get ready, for the new Income Tax Act

7 years ago

Not a Direct Tax Code? Get ready, for the new Income Tax Act Task force Committee for drafting the new…

IT Judgement

Deemed rental income on Property lying vacant despite best efforts

7 years ago

Deemed rental income on Property lying vacant despite best efforts Short Overview: Assessee had categorically stated that he had all intention…

IT Judgement

Interest paid by assessee on delayed deposit of service tax is compensatory in nature and deductible as expenditure

7 years ago

Interest paid by assessee on delayed deposit of service tax is compensatory in nature and deductible as expenditure Short Overview: Interest…

Income Tax

Withdrawal of unutilized amount from the Capital Gain Account Scheme after 3 years

7 years ago

Withdrawal of unutilized amount from the Capital Gain Account Scheme after 3 years Proviso appended to Section 58[4][f] has to…

Income Tax

Final Changes in the Finance Bill – 2019: Orignal vis a vis Revised Bill

7 years ago

Final Changes in the Finance Bill – 2019: Orignal vis a vis Revised Bill Finance Bill -2019 is passed by…

Income Tax

Notice issued on a dead person is invalid & not enforceable in law

7 years ago

Notice issued on a dead person is invalid & not enforceable in law In the case of Durlabhai Kanubhai Rajpara…

Income Tax

Breaking the custom – Income Tax Return filing Date extended well in advance

7 years ago

Breaking the custom – Income Tax Return filing Date extended well in advance This time , Government has acted…

Income Tax

An excellent date for date extension of Income Tax Return

7 years ago

An excellent date for date extension of Income Tax Return ITR_Date_Extension_17072019 Tax Return

Income Tax

Unaccounted cash was found in possession of assessee by Surveillance Team during general Assembly elections & Income Tax Additions

7 years ago

Unaccounted cash was found in possession of assessee by Surveillance Team during general Assembly elections & Income Tax Additions Penalty…

Income Tax

Unexplained creditors considered as bogus & income tax implications

7 years ago

Unexplained creditors considered as bogus & income tax implications Short Overview: On verification of books of accounts of creditor, it was…

IT Judgement

Auditor of trust in Maharashtra have to do additional reporting in Form IX-D

7 years ago

Auditor of trust in Maharashtra have to do additional reporting in Form IX-D Bombay Public Trusts (Second Amendment) Rules, 2019…

IT Judgement

Purchase of the property which is an isolated transaction not related to the business of the appellant – Whether capital gain or business income?

7 years ago

Purchase of the property which is an isolated transaction not related to the business of the appellant – Whether capital gain…

Income Tax

Last year, my turnover was Rs. 3 Crore. My current year turnover is Rs. 30 Lakh & I am opting for presumptive taxation. Whether TDS provision applicable for this year?

Now, Companies Amendment Bill 2019

Services such as data storage, documents scanning, etc. attracts TDS under section 194C

Taxalogue – CBDT’s first magazine !! New welcome initiative by CBDT !!

Income tax on selling gold: Here are key things to know

Deduction towards expenditure of premium payable on redemption of debentures

Not a Direct Tax Code? Get ready, for the new Income Tax Act

Deemed rental income on Property lying vacant despite best efforts

Interest paid by assessee on delayed deposit of service tax is compensatory in nature and deductible as expenditure

Withdrawal of unutilized amount from the Capital Gain Account Scheme after 3 years

Final Changes in the Finance Bill – 2019: Orignal vis a vis Revised Bill

Notice issued on a dead person is invalid & not enforceable in law

Breaking the custom – Income Tax Return filing Date extended well in advance

An excellent date for date extension of Income Tax Return

Unaccounted cash was found in possession of assessee by Surveillance Team during general Assembly elections & Income Tax Additions

Unexplained creditors considered as bogus & income tax implications

Auditor of trust in Maharashtra have to do additional reporting in Form IX-D

Purchase of the property which is an isolated transaction not related to the business of the appellant – Whether capital gain or business income?

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