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…
Income Tax
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 …
The date of allotment can be considered as the date of purchase and for reckoning the assets as long term capital assets.
The date of allotment can be considered as the date of purchase and for reckoning the assets as long term…
Claim of loss not to be disallowed if the AO fails to detect any discrepancy in the documentary proofs furnished
Claim of loss not to be disallowed if the AO fails to detect any discrepancy in the documentary proofs furnished…
Not a fit case for invoking revisionary powers if the AO takes a particular view during assessment and also after due consideration of the Apex Court decisions
Shriniwas Engineering Auto Components Pvt Ltd Vs PR CIT Not a fit case for invoking revisionary powers if the AO…
Reopening of assessment after the expiry of 4 years of assessment, based on information from Investigation Wing without verifying the assessment records and without application of mind by AO to form a belief is correct
ACIT Vs Perfect Corporate Services Ltd Reopening of assessment after the expiry of 4 years of assessment, based on information…
No addition of unexplained cash credits u/s 68 can be made based on the statements recorded of third party during search and seizure without providing any opportunity to the assessee to cross examine the same –
Bhatia Diamonds Pvt Ltd Vs ITO No addition of unexplained cash credits u/s 68 can be made based on the…
And it is held that Refund cannot be adjusted against demand U/s 245 without intimation
Petitioner is a trust and has been granted certificate of registration by SEBI as Venture Capital Fund and hence eligible…
Penalty u/s 271(1)(c) dont gets automatically attracted, simply because assessee had not offered certain receipts to tax under bonafide belief that the same was not taxable
Penalty u/s 271(1)(c) dont gets automatically attracted, simply because assessee had not offered certain receipts to tax under bonafide belief…
SA701 ,“Communicating- Key Audit Matters in the Independent Auditor’s Report”
SA701 ,“Communicating- Key Audit Matters in the Independent Auditor’s Report” Applicability of SA 701 Communicating Key Audit Matters The applicability…
If stamp duty is more than the fair market value, reworking of LTCG without referring the matter to valuation officer by the AO is against the mandate of section 50C
If stamp duty is more than the fair market value, reworking of LTCG without referring the matter to valuation officer…
Landmark Judgement: Section 50C applicable even in respect of capital gain exemption u/s 54F
BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION IN THE HIGH COURT OF JUDICATURE AT B INCOME TAX APPEAL NO.981 OF 2016 Jagdish C.…
