Comply UDIN: GST Audit & Tax Audit
Comply UDIN: GST Audit & Tax Audit *FAQs related to UDIN for GST & Tax Audit by UDIN Monitoring Group…
Income Tax
TDS RATE CHART FINANCIAL YEAR 2019 – 2020 (ASSESSMENT YEAR 2020-2021)
TDS Rate Chart - F.Yr 2019-20.Yr 2019-20.Yr 2019-20
GST Liability on truck owners
*GST Liability on truck owners:*_ *Ashok Kumar Bhatia vs State of UP, 2019-TIOL-679-HC Crux of the case : 1) If…
The High Court of Kerela has held that human error which can be detected by the naked eyes cannot be capitalised for penalisation.
The High Court of Kerela has held that human error which can be detected by the naked eyes cannot be…
Difference between ‘storage or warehousing’ service and ‘renting of storage premises’ service explained- (AAR Gujarat)
Difference between ‘storage or warehousing’ service and ‘renting of storage premises’ service explained- (AAR Gujarat) Rishi Shipping. [2018] 94 taxmann.com 147 (AAR…
Whether sectopm 50C overrides section 45(3)- An interesting case in favour of Revenue
Whether sectopm 50C overrides section 45(3)- An interesting case in favour of Revenue Allahabad High Court Commissioner Of Income Tax…
Interesting case: Introduction of stock-in-trade as capital contribution in to firm also attracts s. 45(3)
DLF Universal vs. DCIT (ITAT Delhi Special Bench) The assessee was engaged in the business of real estate development. It…
Agricultural Income – Is it really tax free?
Agricultural Income – Is it really tax free? 1 Agricultural income is exempt from Income Tax [Courtesy: Section 10(1) of…
Where retiring partner took cash towards value of his share in partnership firm and there was no distribution of capital assets among partners, there was no transfer of capital asset and, therefore, no profits or gains chargeable to tax under section 45(4) arose in hands of assessee-firm
Where retiring partner took cash towards value of his share in partnership firm and there was no distribution of capital…
Interesting Judgement: Transfer of the property by the assessee towards capital of the firm amounts to transfer but on the facts and circumstances of the case, that cannot be subjected to capital tax.
Interesting Judgement: Transfer of the property by the assessee towards capital of the firm amounts to transfer but on the…
Any amount received by partner on retirement is not liable for capital gains tax: Pune ITAT
Any amount received by partner on retirement is not liable for capital gains tax: Pune ITAT There are numerous interesting…
Taxation of Capital gains on introduction as capital assets by the partner in the firm u/s 45(3)
Taxation of Capital gains on introduction as capital assets by the partner in the firm u/s 45(3) It is worth…
Interesting Income Tax: Time to forget that exemption u/s 54EC can be claimed on the basis of actual sale consideration & not notional sale consideration u/s 54EC: courtesy- Bombay HC
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.981 OF 2016 Jagdish C.…
No GST on interest-free security deposit received by the lessor which are refundable on completion of lease tenure
No GST on interest-free security deposit received by the lessor which are refundable on completion of lease tenure Authority for…
New Bill series is needed in GST for new financial year: GST Advisory
Attention of all taxpayers is invited to Rule 46(b) of the CGST Rules 2017, which specifies that the tax invoice…
Be careful – :Penal interest attracts GST – AAR Maharashtra
Be careful:Penal interest attracts GST – AAR Maharashtra M/S. BAJAJ FINANCE LIMITED Dated:- 06-08-2018 – GST-ARA-22/2018-19/B-85* Penal interest– Taxable supply…
Notification for changes in Form 16 and Form 24Q : with new ITR forms
Notification for changes in Form 16 and Form 24Q : new ITR forms
Forget actual sale consideration, exemption u/s 54EC is available on the basis of investment as per Stamp Duty Valuation
Forget actual sale consideration, exemption u/s 54EC is available on the basis of investment as per Stamp Duty Valuation …
