Interesting Judgement: Charitable trust can carry forward excess of expenditure over income in the next year for set off
Interesting Judgement: Charitable trust can carry forward excess of expenditure over income in the next year for set off It…
Income Tax
For section 43B, Conversion of outstanding interest into loan does not amount to “actual payment”
For section 43B, Conversion of outstanding interest into loan does not amount to “actual payment” 43B: The conversion of outstanding…
What if Stamp Duty Valuation is higher than actual sale consideration due to distinguishable factors
What if Stamp Duty Valuation is higher than actual sale consideration due to distinguishable factors Notional income is the biggest…
Housing Loan & HRA Tax benefits can be claimed simultaneously
Housing Loan & HRA Tax benefits can be claimed simultaneously Taxpayers staying in a rented premise are eligible for tax…
Income Tax Act – 1961 on Mobile now
Income Tax Act – 1961 on Mobile now We have developed a Very useful app for the Tax Professionals, accountants …
New Direct Tax Code committee granted time up to July end !!
New Direct Tax Code committee granted time up to July end !! Modi Government is back in power and so…
Validity of Seizure of goods in allegation that documents carried by driver of vehicle were forged
Validity of Seizure of goods in allegation that documents carried by driver of vehicle were forged 2019 TaxPub(GST) 0269…
Additions made during assessment proceedings cannot result in automatic levy of penalty
Additions made during assessment proceedings cannot result in automatic levy of penalty Overview : It is an accepted principle of…
Capital gains exemption on purchase of new property before sale of original asset & Completion of construction within three years
Capital gains exemption on purchase of new property before sale of original asset & Completion of construction within three years Overview: As assessee…
No dissolution clause in the trust deed, still trust eligible for section 12AA registration
No dissolution clause in the trust deed, still trust eligible for section 12AA registration There are lots many trust which…
Interest paid to the seller of house – Whether eligible for deduction as housing loan interest u/s 24(b)?
Interest paid to the seller of house – Whether eligible for deduction as housing loan interest u/s 24(b)? Income Tax…
Who will present the Union Budget – 2019
Who will present the Union Budget – 2019 With absolute Majority, more strength, higher acceptability, Modi Government is back to…
PAS-6 Form For unlisted Companies for reconciliation of share capital audit report half yearly issued
PAS-6 Form For unlisted Companies for reconciliation of share capital audit report half yearly issued Finally MCA issue of Form…
Capital gains on Insurance claim for loss of asset where actual expenditure on reconstruction being more than insurance claim
Capital gains on Insurance claim for loss of asset where actual expenditure on reconstruction being more than insurance claim Overview:…
“We would expect the Department of Revenue, particularly, Department of Income Tax to penalise such defaulters and take other strict measures contemplated by law against them” – Bombay HC
“We would expect the Department of Revenue, particularly, Department of Income Tax to penalise such defaulters and take other strict…
Profiteering clause validity where Base price of product increased after reduction in GST rate
Profiteering clause validity where Base price of product increased after reduction in GST rate 2019 TaxPub(GST) 0175 (NAPA) IN THE…
Landmark Judgement : Section 145A vs. Valuation of inventory after exclusion of taxes and duties – Favourable judgment by Ahmedabad ITAT
Landmark Judgement : Section 145A vs. Valuation of inventory after exclusion of taxes and duties – Favourable judgment by Ahmedabad…
Detention & Release of goods if Petitioner already deposited tax and penalty
Detention & Release of goods if Petitioner already deposited tax and penalty IN THE GUJARAT HIGH COURT HARSHA DEVANI & BHARGAV…
