What if the income tax returns is not filed within due date
What if the income tax returns is not filed within due date For Individual and HUF, ITR filing will be…
Income Tax
Sec. 80-IAC benefit available only to DPIIT’s recognized start-up having turnover up to 25 crores: CBDT
Sec. 80-IAC benefit available only to DPIIT’s recognized start-up having turnover up to 25 crores: CBDT Press Release, dated 22-08-2019…
Activity of selling various small properties acquired from sale of land couldn’t be treated as business activity
Activity of selling various small properties acquired from sale of land couldn’t be treated as business activity Munish Singla v.…
Tax deduction at source under section 194J in respect of Passenger service fee by airline company
Tax deduction at source under section 194J in respect of Passenger service fee by airline company Short Overview : Passenger service…
MODI Govts relief package : Major & proactive boost to INDIAN Economy
MODI Govts relief package : Major & proactive boost to INDIAN Economy This Govt means business… Finance Minister comes our…
Value of taxable supply in transaction between distinct entities with same PAN
Value of taxable supply in transaction between distinct entities with same PAN 2019 TaxPub(GST) 0594 (AAR-Maha) IN THE AUTHORITY FOR…
PM requested FM to levt tax on his Peace Award
PM requested FM to levt tax on his Peace Award
New Income Tax Law, What’s New expected
New Income Tax Law, What’s New expected After long discussion & justification, the new income tax law is now finally…
Raising of monetary limits for filing appeals by the dept. before CESTAT/HC/SC
Raising of monetary limits for filing appeals by the dept. before CESTAT/HC/SC
Writ filed by Assessee challenging order of rejection of stay application in a cryptic manner
Writ filed by Assessee challenging order of rejection of stay application in a cryptic manner Short Overview: Where Pr. CIT…
HC restrained revenue from enforcing order of attachment of property during pendency of appellate proceedings
HC restrained revenue from enforcing order of attachment of property during pendency of appellate proceedings Where assessee challenged assessment order…
Surcharge on Super Rich :
Surcharge on Super Rich : “In view of rising income levels, those in the highest income brackets need to contribute…
Only expenditure incurred on the assets is eligible for deduction while computing capital gain. Expenses to improve the title of the assets is neither cost of acquisition nor cost of improvement
Only expenditure incurred on the assets is eligible for deduction while computing capital gain. Expenses to improve the title of…
Assessee engaged in building and leasing premises of special nature as per the requirements of clients is business income
Assessee engaged in building and leasing premises of special nature as per the requirements of clients is business income Short…
Taxation of alleged bogus long-term capital gain on sale of shares
Taxation of alleged bogus long-term capital gain on sale of shares Short Overview : Since transactions of purchase and sale…
CBDT Clarification on withdrawal of low tax effect cases in appeal
CBDT Clarification on withdrawal of low tax effect cases in appeal
Cost of acquisition and cost of improvement – As discussed by Supreme court in R. M. Arunachalam Etc. vs Commissioner Of Income Tax
Cost of acquisition and cost of improvement – As discussed by Supreme court in R. M. Arunachalam Etc. vs Commissioner…
Where share capital had been scrutinized and accepted by the revenue then holding the same share capital as unexplained in reassessment u/s 153A tantamounted to change of opinion not backed by any evidence and not legally sustainable
Where share capital had been scrutinized and accepted by the revenue then holding the same share capital as unexplained in…
