Electric Vehicle: Taxation
Electric Vehicle: Taxation Madam Finance Minister Nirmala Sitharaman has announced reduction of Goods and Service Tax on Electric Vehicles (EVs)…
Income Tax
Budget – 2019 Special: Paying electricity bill of Rs. 1 Lakh in a year – Mandatory to file income tax return now
Budget – 2019 Special: Paying electricity bill of Rs. 1 Lakh in a year – Mandatory to file income tax return…
Union Budget – 2019 & Income-tax amendment proposed
Union Budget – 2019 & Income-tax amendment proposed 1. The threshold limit for reduced tax rate of 25% in…
Union Budget – 2019 has mandated acceptance of payments through prescribed electronic modes
Union Budget – 2019 has mandated acceptance of payments through prescribed electronic modes Now, showroom, businesses have to mandatorily accept…
DIRECT TAX BUDGET PROPOSALS
DIRECT TAX BUDGET PROPOSALS 11 lac crore tax collection from ₹ 6 lac crore tax collection in last 5 years…
Clarification regarding Annual Returns and Reconciliation Statement via Press Release, Ministry of Finance , 03rd July 2019
Clarification regarding Annual Returns and Reconciliation Statement via Press Release, Ministry of Finance , 03rd July 2019 Key points:- Role…
RCM on Security Service
RCM on Security Service Security service is a service wherein a person supplies security personnel to another person for a…
Even if amount of TDS is deposited with interest, still prosecution is upheld by the court.
Even if amount of TDS is deposited with interest, still prosecution is upheld by the court. Notably & categorically, Court…
Income-Tax Dept Will Become ‘Corruption Free’Soon: Nirmala Sitharaman – Finance Minister
Income-Tax Dept Will Become ‘Corruption Free’Soon: Nirmala Sitharaman – Finance Minister Income-Tax Dept Will Become ‘Corruption Free’Soon: Nirmala Sitharaman –…
Demonetization special : Loose Sheet or scraps of papers cannot be termed as books as they can be easily detached and replaced
Demonetization special : Loose Sheet or scraps of papers cannot be termed as books as they can be easily detached…
Addition on the basis of loose sheet and torn papers found during search is unwarranted
Addition on the basis of loose sheet and torn papers found during search is unwarranted S.K. Gupta vs Deputy Commissioner…
if a notice is issued but is returned unserved by the postal authorities and thereafter no effort is made to serve another notice before the deadline, it shall be deemed to be a case of “non-service” and the assessment order will have to be quashed.
if a notice is issued but is returned unserved by the postal authorities and thereafter no effort is made to…
Demonetization Special: Pass book is not books of accounts for taxation u/s 68
Demonetization Special: Pass book is not books of accounts for taxation u/s 68 Equivalent citations: 1983 53 CompCas 400…
Reopening of Assessment u/s in 147: If the documents on record conclusively establish that the receipt did not give rise to any taxable income, it would not be open for the AO to reopen the assessment referring only to the non disclosure of the receipt in the return of income.
Reopening of Assessment u/s in 147: If the documents on record conclusively establish that the receipt did not give rise…
Transfer under section 2(47)(v)–Assessee having entered into joint development agreement as regards his property
Transfer under section 2(47)(v) Assessee having entered into joint development agreement as regards his property Assessee along with his mother…
IT DEPARTMENT PRE-FILLS YOUR ITR1 / ITR4 NOW.
IT DEPARTMENT PRE-FILLS YOUR ITR1 / ITR4 NOW. Department has now introduced a facility in their e-filing site wherein …
Amendment to the Nidhi Rules, 2014: Key changes
Amendment to the Nidhi Rules, 2014: Key changes A number of amendments has been made by the Government to the…
Addition under section 68 & Receipt of share application money from non-resident
Addition under section 68 & Receipt of share application money from non-resident Assessee received share application money from non-resident. AO…
