Income Tax

An interesting decision (observation) in respect of Provisions of section 201 in respect of TDS on payments to Non-Residents-

7 years ago

An interesting decision (observation) in respect of Provisions of section 201 in respect of TDS on payments to Non-Residents- Atlas…

Income Tax

Existing liability may include Self Assessment Tax (SAT) – A justification for adjustment of cash seized against SAT

7 years ago

Existing liability may include Self Assessment Tax (SAT) – A justification for adjustment of cash seized against SAT – CA Naresh…

Income Tax

Pune ITAT on Explanation 2 to Section 132B of the Income Tax Act, 1961 inserted by the Finance Act, 2013 w.e.f. 01.06.20103 is ‘prospective’ or restrospective?

7 years ago

Pune ITAT on Explanation 2 to Section 132B of the Income Tax Act, 1961 inserted by the Finance Act, 2013 w.e.f. 01.06.20103 is ‘prospective’…

Income Tax

Whether cash seized by income tax department can be adjusted as self assessment tax or can be treated as advance tax?

7 years ago

Whether cash seized by income tax department can be adjusted as self assessment tax or can be treated as advance…

Income Tax

Income Tax department has revised Form-16

7 years ago

Income Tax department has revised Form-16 Revised Form- 16 The Income Tax department has revised Form-16 by adding various details,…

Income Tax

ED Seizes gold jewellery worth Rs. 82.1 Cr. in Hyderabad, Vijaywada

7 years ago

ED Seizes gold jewellery worth Rs. 82.1 Cr. in Hyderabad, Vijaywada SPECIAL CORRESPONDENT NEW DELHI The Enforcement Directorate has seized…

Income Tax

Important Changes in New ITR Forms for F.Y. 2018-19

7 years ago

Important Changes in New ITR Forms for F.Y. 2018-19 1. Where regular books of accounts are maintained, Profit and Loss…

Income Tax

Payment made to legal heir of deceased partner for services rendered by him during his tenure in the firm is an allowable expenditure

7 years ago

Payment made to legal heir of deceased partner for services rendered by him during his tenure in the firm is…

Income Tax

Comply UDIN: GST Audit & Tax Audit

7 years ago

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)

7 years ago

TDS Rate Chart - F.Yr 2019-20.Yr 2019-20.Yr 2019-20

Income Tax

GST Liability on truck owners

7 years ago

*GST Liability on truck owners:*_ *Ashok Kumar Bhatia vs State of UP, 2019-TIOL-679-HC Crux of the case : 1) If…

Income Tax

The High Court of Kerela has held that human error which can be detected by the naked eyes cannot be capitalised for penalisation.

7 years ago

The High Court of Kerela has held that human error which can be detected by the naked eyes cannot be…

Income Tax

Difference between ‘storage or warehousing’ service and ‘renting of storage premises’ service explained- (AAR Gujarat)

7 years ago

Difference between ‘storage or warehousing’ service and ‘renting of storage premises’ service explained- (AAR Gujarat) Rishi Shipping. [2018] 94 taxmann.com 147 (AAR…

Income Tax

Whether sectopm 50C overrides section 45(3)- An interesting case in favour of Revenue

7 years ago

Whether sectopm 50C overrides section 45(3)- An interesting case in favour of Revenue Allahabad High Court Commissioner Of Income Tax…

Income Tax

Interesting case: Introduction of stock-in-trade as capital contribution in to firm also attracts s. 45(3)

7 years ago

DLF Universal vs. DCIT (ITAT Delhi Special Bench) The assessee was engaged in the business of real estate development. It…

Income Tax

Agricultural Income – Is it really tax free?

7 years ago

Agricultural Income – Is it really tax free? 1 Agricultural income is exempt from Income Tax [Courtesy: Section 10(1) of…

Income Tax

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

7 years ago

Where retiring partner took cash towards value of his share in partnership firm and there was no distribution of capital…

Income Tax

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.

7 years ago

Interesting Judgement: Transfer of the property by the assessee towards capital of the firm amounts to transfer but on the…

Income Tax

An interesting decision (observation) in respect of Provisions of section 201 in respect of TDS on payments to Non-Residents-

Existing liability may include Self Assessment Tax (SAT) – A justification for adjustment of cash seized against SAT

Pune ITAT on Explanation 2 to Section 132B of the Income Tax Act, 1961 inserted by the Finance Act, 2013 w.e.f. 01.06.20103 is ‘prospective’ or restrospective?

Whether cash seized by income tax department can be adjusted as self assessment tax or can be treated as advance tax?

Income Tax department has revised Form-16

ED Seizes gold jewellery worth Rs. 82.1 Cr. in Hyderabad, Vijaywada

Important Changes in New ITR Forms for F.Y. 2018-19

Payment made to legal heir of deceased partner for services rendered by him during his tenure in the firm is an allowable expenditure

Comply UDIN: GST Audit & Tax Audit

TDS RATE CHART FINANCIAL YEAR 2019 – 2020 (ASSESSMENT YEAR 2020-2021)

GST Liability on truck owners

The High Court of Kerela has held that human error which can be detected by the naked eyes cannot be capitalised for penalisation.

Difference between ‘storage or warehousing’ service and ‘renting of storage premises’ service explained- (AAR Gujarat)

Whether sectopm 50C overrides section 45(3)- An interesting case in favour of Revenue

Interesting case: Introduction of stock-in-trade as capital contribution in to firm also attracts s. 45(3)

Agricultural Income – Is it really tax free?

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

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.

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