Income TaxCBDT rewards Start-ups but penalizes CAs5 Jun 20180CBDT rewards Start-ups but penalizes CAs Two notifications have been issued by the CBDT which deal with Section 56(2)(viib). This…
IT JudgementSome Important ITAT Judgments5 Jun 20180Some Important Judgments – ITAT Hoarding payment : Whether TDS Required u/s 194C or u/s 194I ? As per CBDT,…
Income TaxWhat is the period for Input Tax credit can be availed from date of purchase bill?4 Jun 20180What is the period for Input Tax credit can be availed from date of purchase bill? ITC can be claimed…
Income TaxPERMANENT ACCOUNT NUMBER (PAN)4 Jun 20180PERMANENT ACCOUNT NUMBER (PAN) Permanent Account Number (PAN) is a ten digit alphanumeric number, issued in the form of laminated…
ArticleIncome TaxNew Income Tax Returns forms & its Applicability4 Jun 20180New Income Tax Returns forms & its Applicability This [i.e., preparing my tax return] is too difficult for a mathematician.…
Income TaxStep by Step Procedure for Registration u/s 12A of Income Tax Act 19614 Jun 20180Step by Step Procedure for Registration u/s 12A of Income Tax Act 1961 Trust, Society and Section 8 Company can…
IT JudgementCommission paid to non-residents for services rendered abroad is not taxable in India2 Jun 20180Commission paid to non-residents for services rendered abroad is not taxable in India Income deemed to accrue or arise in…
Income TaxReward to Informants – Revised Income Tax Informants Reward Scheme, 20182 Jun 20180Reward to Informants – Revised Income Tax Informants Reward Scheme, 2018 Ministry of Finance Income Tax Department issues Revised Income…
IT JudgementPrecaution during statement of Search Proceeding- Don’t forget to mention the mode of earning disclosed income2 Jun 20180Precaution during statement of Search Proceeding- Don’t forget to mention the mode of earning disclosed income Pr. CIT v. Ritu…
IT JudgementBenefit of carry forward of loss available even if there is delay in submission of ITR – V2 Jun 20180Benefit of carry forward of loss available even if there is delay in submission of ITR – V Electronics &…
IT JudgementNo disallowance towards Interest if there is Sufficient own funds1 Jun 20180No disallowance towards Interest if there is Sufficient own funds DCIT v. Firstsource Solutions Ltd. Decision: In assessee’s favour. …
Income TaxReverse Charge Mechanism (GST)30 May 20180Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other…
AssessmentIncome TaxPoints to be considered while filing Income Tax Returns for current year30 May 20180Points to be considered while filing Income Tax Returns for current year Changes in the ITR forms are made mainly…
Capital GainIncome TaxJDA – Income Tax Liability arises at the time of issue of completion certificate.29 May 20180Joint Development Agreement: Income Tax Liability arises at the time of issue of completion certificate. Concept of Joint Development…
IT JudgementBenefits of sec 54 F available even if residential property purchased in the name of spouse29 May 20180Benefits of sec 54 F available even if residential property purchased in the name of spouse Issue: Whether benefits…
IT JudgementFailure to deduct TDS u/s 194B in respect of winning which are wholly in kind, can be deemed to be assessee in default u/s 201.29 May 20180Failure to deduct TDS u/s 194B in respect of winning which are wholly in kind, can be deemed to be…
Income TaxStart up & Rules regarding maintenance of books of accounts28 May 20180Start up & Rules regarding maintenance of books of accounts With the growth of Start-up culture in the country, new…
IT JudgementReopening without inquiry & further application of mind is void28 May 20180Sunil Agarwal vs. ITO (ITAT Delhi) S. 147/ 151: If the AO reopens on the basis of information received from…