DIGITALIZED I-T DEPARTMENT
DIGITALIZED I-T DEPARTMENT As the digital revolution is swiftly taking its pace, it’s important for every sector to imbibe…
Income Tax
Start-up definition widened to impact reduce of Angel Tax
Start-up definition widened to impact reduce of Angel Tax
WAYS IN WHICH YOUR FAMILY CAN SAVE YOUR TAX
WAYS IN WHICH YOUR FAMILY CAN SAVE YOUR TAX Every people want their tax liability to come as minimum as…
Lack of declaration in Form No. 10 regarding specific purpose for which funds were being accumulated by assessee-trust, would not be fatal to exemption claimed under section 11(2
Lack of declaration in Form No. 10 regarding specific purpose for which funds were being accumulated by assessee-trust, would not…
LACUNA IN ROC’s DATABASE
LACUNA IN ROC’s DATABASE “RoC had no information about PAN of 95% real estate companies” – CAG The ROC maintains…
ESIC have agreed to lower down the contribution for ESIC
ESIC have agreed to lower down the contribution for ESIC Earlier the contribution was 4.75% and 1.75% of employer and…
No more – “Your Honour, The Learned Counsel of the Party is OUT OF STATION. We request to kindly adjourn the hearing of the Case today.”
No more – “Your Honour, The Learned Counsel of the Party is OUT OF STATION. We request to kindly…
Law is what is declared by the Court . An executive authority can, at best, only opine its own understanding of the statute; such opinion is not binding upon the quasi-judicial functioning of the authorities under the Act: SC
Law is what is declared by the Court . An executive authority can, at best, only opine its own understanding…
CBDT has no power to enlarge the scope of the statutory provision. Its powers are conferred to issue administrative instructions.
CBDT has no power to enlarge the scope of the statutory provision. Its powers are conferred to issue administrative instructions.…
Activities of purchasing kendu leaves and making it ready for marketing & selling for bidi manufacturing is not ‘processing’ & so liable for TCS
Activities of purchasing kendu leaves and making it ready for marketing & selling for bidi manufacturing is not ‘processing’ &…
CASH SALE ATTRACTS TCS
CASH SALE ATTRACTS TCS To control the menace of black money circulation in the economy, it is necessary to increase…
Refund exceeding Rs. 20,000/_ to be under Income Tax Scanner
Refund exceeding Rs. 20,000/_ to be under Income Tax Scanner
Outcome of appeals before CITA, ITAT, HC,SC. Any analysis by CAG
Outcome of appeals before CITA, ITAT, HC,SC. Any analysis by CAG Interesting statistics. Outcome of appeals before CITA, ITAT, HC,SC.…
Earnest money forfeited by HSIDC on surrender of industrial plot allotment was capital loss not deductible
Earnest money forfeited by HSIDC on surrender of industrial plot allotment was capital loss not deductible ICS Systems (P.) Ltd.…
Changing Time : CBDT issues guidelines for defending cases at CIT (Appeals)
Changing Time : CBDT issues guidelines for defending cases at CIT (Appeals) The Central Board of Direct Taxes (CBDT) has…
Excluding second house property from Notional Taxation & its side effects.
Excluding second house property from Notional Taxation & its side effects. Housing loan Interest is eligible for deduction…
If assessee fails to furnish documents in support of sources towards credits in capital account guised as gift received from demised father, addition made in this regard is justified
If assessee fails to furnish documents in support of sources towards credits in capital account guised as gift received from…
Bank statements aren’t books maintained by assessee; section 68 additions not sustainable.
Bank statements aren’t books maintained by assessee; section 68 additions not sustainable. Amitabh Bansal v. ITO – [2019] 102 taxmann.com 229 (Delhi…
