Income TaxKnow the Procedure for submission of Form 15CC for remittance U/s. 195(6)6 years agoKnow the Procedure for submission of Form 15CC for remittance U/s. 195(6) Government of India Ministry of Finance Central Board…
IT JudgementSelling of land after plotting to secure a better price is not in the nature of trade or business.6 years agoSelling of land after plotting to secure a better price is not in the nature of trade or business. Here…
Income TaxStatement of Financial Transaction (SFT) – Filing Nil statement is mandatory or optional ?6 years agoStatement of Financial Transaction (SFT) – Filing Nil statement is mandatory or optional ? Under Section 285BA of the Income…
Income TaxDon’t forget to file SFT by 31st May !!6 years agoDon’t forget to file SFT by 31st May !! Statement of Financial Transactions i.e., SFT is required to be filed…
IT JudgementAn appeal wrongly filed before the AO and not CIT(A) is an unintentional lapse of the assessee and delay need to be condoned.6 years agoAn appeal wrongly filed before the AO and not CIT(A) is an unintentional lapse of the assessee and delay need…
Income TaxNo disallowance u/s 43B can be made for the unpaid service-tax liability which is not claimed as a deduction6 years agoNo disallowance u/s 43B can be made for the unpaid service-tax liability which is not claimed as a deduction …
IT JudgementDate of allotment letter issued by builder is the date relevant for reckoning it as long term or short term6 years agoDate of allotment letter issued by builder is the date relevant for reckoning it as long term or short term…
Income TaxWhether investment in renovation or modification of an existing house is eligible for capital gain exemption?6 years agoWhether investment in renovation or modification of an existing house is eligible for capital gain exemption? Query] Whether investment in…
IT JudgementNo capital gain exemption denial if the sale deed is in joint name.6 years agoNo capital gain exemption denial if the sale deed is in joint name. Here is one interesting case on the…
Income TaxSection 43CA for builder & developers vs. section 50C applicable to capital assets6 years agoSection 43CA for builder & developers vs. section 50C applicable to capital assets Section 50C was applicable only on sale…
Income TaxWhether capital gain exemption admissible if new house is not used for own residence but was given on rent?6 years agoWhether capital gain exemption admissible if new house is not used for own residence but was given on rent? …
Income TaxFour attached flat purchased flats can be considered as “one” house property?6 years agoFour attached flat purchased flats can be considered as “one” house property? Almost all exemption provision in the Income Tax…
Income TaxNon-filing of income tax return cannot be the reason for denial of registration u/s 12AA6 years agoNon-filing of income tax return cannot be the reason for denial of registration u/s 12AA Charity is uncharitable for various…
Income TaxREVOCABLE TRUST VS IRREVOCABLE TRUST6 years agoREVOCABLE TRUST VS IRREVOCABLE TRUST Every trust applying for registration of trust u/s 12AA of the Income Tax Act –…
Income TaxWhether the addition can be made if higher stock figure is submitted to the bank?6 years agoWhether the addition can be made if higher stock figure is submitted to the bank? Often, there is difference between…
IT JudgementValidity of Seizure of goods on allegation that e-way bill was not complete6 years agoValidity of Seizure of goods on allegation that e-way bill was not complete 2019 TaxPub(GST) 0304 (Ker-HC) Daily Express…
IT JudgementCash payments made to the suppliers on holidays for procurement of the materials could not be disallowed under section 40A(3)6 years agoCash payments made to the suppliers on holidays for procurement of the materials could not be disallowed under section 40A(3)…