Income TaxTax Audit Report Revised – Why it need to be deferred?13 Aug 20180Recently, Notification No. 33/2018, dated 20th July,2018 is issued by CBDT which has made revisions in Form No. 3CD and…
IT JudgementTDSAssessee is liable to TDS on LTC allowance even if it comes to know about foreign travel by employees only at time of reimbursement of bills: ITAT13 Aug 20180Assessee is liable to TDS on LTC allowance even if it comes to know about foreign travel by employees only…
IT JudgementIf rent is inextricably linked with business, it cannot be treated as income from house property : ITAT13 Aug 20180If rent is inextricably linked with business, it cannot be treated as income from house property : ITAT MUMBAI, :…
IT JudgementSection 43CB & section145 discussed in Ashoka Hi-Tech Builders Pvt.Ltd vs. DCIT (ITAT Indore)13 Aug 20180Ashoka Hi-Tech Builders Pvt.Ltd vs. DCIT (ITAT Indore) S. 43CB/ 145: Entire law on taxation of real estate construction contracts…
ArticleReturn Filing obligation & importance of filing within due date13 Aug 20180Return Filing obligation & importance of filing within due date ‘Timely compliance’ is the need of the hour as far…
IT JudgementUndisclosed Stock taxable as unexplained Assests u/s 6911 Aug 20180Undisclosed Stock taxable as unexplained Assets u/s 69 of Income Tax Act 1961 Income Tax Act has been amended drastically…
Income TaxTAX ON CAPITAL GAIN11 Aug 20180Query] My friend who is a senior citizen has purchased a plot in the year 1999 in a village it…
GSTIncome TaxRevised time limit for filing GSTR-3B and GSTR-111 Aug 20180The Central Government has issued 3 notifications 32/2018, 33/2018 & 34/2018- Central Tax on 10th August 2018 in order to…
Income TaxHow to get Duplicate Share Certificate on loss of Original Share Certificate?11 Aug 20180Step 1 Shareholders should immediately inform the respective company of which holding shares about the loss of share certificate. Further…
Income TaxAgricultural Income under Income Tax10 Aug 20180[Sections 2(1A) and 10(1) ] Section 10(1) of the Income-tax Act, 1961 exempts agricultural income from income-tax. However, net agricultural income…
IT JudgementReceipts for Exercising Voting Rights in a Company is not Taxable: Calcutta HC10 Aug 20180ORDER SHEET ITAT 160 of 2013 GA 3234 of 2013 IN THE HIGH COURT AT CALCUTTA Special Jurisdiction (Income Tax)…
Income TaxRepresentation to withdraw the proposal offering “Incentives to Commissioners of Income-tax (Appeals) for passing quality orders based on Enhancement of assessment and imposition of fresh penalty and other issues”: Perfect Representations10 Aug 20180CBDT directive for offering incentives to Commissioners of Income-tax (Appeals)
Income TaxLoss in F & O transactions- Whether tax audit compulsory?10 Aug 20182 CommentsSection 44AD & section 44ADA requires taxpayer to carry out the audit of their books of accounts and submit audit…
IT Judgement‘Technical Error’ on the part of Chartered Accountant can’t be treated as Professional Misconduct:9 Aug 20180 ‘Technical Error’ on the part of Chartered Accountant can’t be treated as Professional Misconduct: AA The Appellate Authority has recently…
ArticleNo TDS, Still No disallowance u/s 40(a)(ia)9 Aug 20180No TDS, Still No disallowance u/s 40(a)(ia) Tax Deduction at Source (TDS) is an onerous responsibility casted on the payer…
IT JudgementWhether exemption u/s 10(38) is disallowed due to dematerialization of shares prior to sale?8 Aug 20180Facts of the case SUNITA KHEMKA vs. ASSISTANT COMMISSIONER OF INCOME TAX Assessee claimed exemption u/s.10(38) in respect of long…
Income TaxAudit not compulsory even if income offered for taxation is less than 8% or 6% u/s 44AD8 Aug 20181 CommentSection 44AD & section 44ADA requires taxpayer to carry out the audit of their books of accounts and submit audit…
IT JudgementSec. 14A couldn’t be invoked if no exempt income was earned during the year: SC dismissed SLP8 Aug 20180– SLP dismissed against High Court ruling that section 14A cannot be invoked where no exempt income was earned by…