There is an increase in income tax returns of 19% – CBDT Clarified
There is an increase in income tax returns of 19% – CBDT Clarified …
Income Tax
If Assessee failed to make claim for deduction under section 80-I, AO is not expected to grant it. AO is not expected to virtually sit in the office of assessee and help the assessee file the return
If Assessee failed to make claim for deduction under section 80-I, AO is not expected to grant it. AO is not expected…
Infibeam fires auditor for “sharing price-sensitive info”
Infibeam fires auditor for “sharing price-sensitive info”
How to easily calculate tax on Shares and Mutual Funds
In order to incentivize the equity markets Government has given various sops to this sector. Under Section 10(38) of Income…
Section 54F is a beneficial provision and should be liberally interpreted
Section 54F is a beneficial provision and should be liberally interpreted An assessee who has purchased a house property is…
Deduction u/s 80C – Some fine Points.
Deduction u/s 80C – Some fine Points Tax planning can be done by making or channelizing the payment in an…
AO can impose penalty u/s 271(1)(c) if assessee fails to provide plausible explanation with regard to source of the cash deposits made in his bank account.
AO can impose penalty u/s 271(1)(c) if assessee fails to provide plausible explanation with regard to source of the cash…
Capital gain exemption shall be limited to actual sale consideration and not stamp duty value
Capital gain exemption shall be limited to actual sale consideration and not stamp duty value [2019] 104 taxmann.com 208 (Bombay) Computation of…
Zero Coupon Bonds (ZCB) & its taxation in the hands of investor & issuer Company along with TDS provision
Zero Coupon Bonds (ZCB) & its taxation in the hands of investor & issuer Company along with TDS provision …
Taxation of Dividend Income – Recipient & Payer
Taxation of Dividend Income – Recipient & Payer – CA Naresh Jakhotia Dividend income has always subject to change from time…
Big Four Accounting Firms to refrain from indulging in any practice which would amount to practising law until further orders.
Big Four Accounting Firms to refrain from indulging in any practice which would amount to practising law until further orders.…
ICAI – Due to unavoidable circumstances , Paper-3 of Foundation Examination and Paper 4 & 5 of Final Examination (old as well as new scheme) has been postponed. New dates..Refer below announcement
ICAI – Due to unavoidable circumstances , Paper-3 of Foundation Examination and Paper 4 & 5 of Final Examination (old…
No Capital Gain if the deal for transfer could not be materialised due to non payment
No Capital Gain if the deal for transfer could not be materialised due to non payment IT: Where assessee transferred…
Income Tax Return Shrink !
Income Tax Return Shrink ! So the Last Myth weaved by PM Modi for forcing Demonetisation Disaster on us also…
CBDT to share data with GST dept. to trap tax evaders
CBDT to share data with GST dept. to trap tax evaders Order. F. No. 225/105/2019/ITA.ll Order Under Section 138(1)(a) of…
Applicability of TDS provision on reimbursement of expenses
Applicability of TDS provision on reimbursement of expenses IN THE DELHI HIGH COURT S. RAVINDRA BHAT & A.K. CHAWLA, JJ.…
Get Ready for Exchange of information between ITR & GSTR !!
Get Ready for Exchange of information between ITR & GSTR !! ITR & GSTR – Breaking..!! chetna
Interesting Judgement : Powers of assessing authority to entertain a claim for deduction, otherwise than by a revised return, does not intrude on the powers of appellate authorities.
Interesting Judgement : Powers of assessing authority to entertain a claim for deduction, otherwise than by a revised return, does…
