No ITC on ‘gold coins’ distributed to customers under sales promotion scheme: Maharashtra AAR
No ITC on ‘gold coins’ distributed to customers under sales promotion scheme: Maharashtra AAR Facts: M/s. Biostadt India Limited (“the…
Income Tax
No ban on deposit received for Business Purpose
No ban on deposit received for Business Purpose
Admissibility of Deduction u/s 36(1)(va) towards Employee’s contribution to ESIC beyond due date
Admissibility of Deduction u/s 36(1)(va) towards Employee’s contribution to ESIC beyond due date Short Review: Since both employees and…
No disallowance u/s 40(a)(ia) if expenditure not claimed as deduction
No disallowance u/s 40(a)(ia) if expenditure not claimed as deduction Short overview : Pre-condition for application of section 40(a)(ia)…
Landmark Judgement – TDS credit need to be given even if TDS is not deposited by the deductor
Landmark Judgement – TDS credit need to be given even if TDS is not deposited by the deductor Where employer…
Validity of addition due to mismatch between professional receipts as per Form 26AS and that shown in return of income
Validity of addition due to mismatch between professional receipts as per Form 26AS and that shown in return of income…
Whether disallowance under section 14A–Invoking rule 8D for computing disallowance is mandatory ?
Whether disallowance under section 14A–Invoking rule 8D for computing disallowance is mandatory ? Even in case AO doubts the quantum…
Validity of addition made from the aid of records seized from brother’s premises without issuing notice under section 153C
Validity of addition made from the aid of records seized from brother’s premises without issuing notice under section 153C Since…
Unrealized loss due to foreign fluctuation as on Balance sheet is allowable as deduction
Unrealized loss due to foreign fluctuation as on Balance sheet is allowable as deduction Where assessee had debited unrealized loss…
Disallowance under section 14A read with rule 8D AO has to be only on those investments which had yielded exempt income during the year
Disallowance under section 14A read with rule 8D AO has to be only on those investments which had yielded exempt…
Levy of Penalty under section 271(1)(c) for Concealment or furnishing of inaccurate particulars is not valid if No specific charge mentioned in the Notice
Levy of Penalty under section 271(1)(c) for Concealment or furnishing of inaccurate particulars is not valid if No specific charge…
Wrong availment of input tax credit & prosecution
Wrong availment of input tax credit & prosecution 2019 TaxPub(GST) 0044 (Pati-HC) Adesh Jain v. CCT, GST CENTRAL GOODS AND…
Exemption u/s 10(37) & Interest awarded on enhanced compensation under section 28 of Land Acquisition Act
Exemption u/s 10(37) & Interest awarded on enhanced compensation under section 28 of Land Acquisition Act Short overview – …
Implication of Supreme Court Ruling on PF
Implication of Supreme Court Ruling on PF The Employee Provident Fund (EPF) is a scheme which was introduced by…
LESSER KNOWN DEDUCTIONS UNDER INCOME TAX ACT
LESSER KNOWN DEDUCTIONS UNDER INCOME TAX ACT The Income Tax Act provides for various income tax deductions which can be…
MICRO AND SMALL ENTERPRISES- COMPLIANCE
MICRO AND SMALL ENTERPRISES- COMPLIANCE DATE OF NOTIFICATION- 22nd January 2019 The Micro- Small and Medium Enterprises (MSMEs) are small…
Process of Bank Audit Allotment
Process of Bank Audit Allotment Bank will get the eligible list of Auditors from RBI Bank will call…
Check List for the Manager before you start Your Bank Branch Statutory Audit
Check List for the Manager before you start Your Bank Branch Statutory Audit a) ID and Password to access the…
