IT JudgementLoan accepted through journal entries – No penalty leviable u/s 269SS28 May 20180Loan accepted through journal entries – No penalty leviable u/s 269SS When the loan is accepted by acknowledgement of debt…
AssessmentIncome TaxApplicability of ITR forms for taxpayer – Summarised in Chart28 May 20180Applicability of ITR forms for taxpayer – Summarised in Chart Individual and HUF Individual and HUF…
Income TaxLatest UpdateNotificationNew FM – New Rule: Power of CA Curtailed26 May 20180New FM – New Rule: Power of CA Curtailed Central Government has amended Rule 11UA of Income-tax, Rules 1962 whereby…
Income TaxFAQ ON Demand Related Queries26 May 20180Demand Related Queries 1. Whom should I approach to rectify the demand amount? 2. How to know my Jurisdictional Assessing…
ArticleWhat is Cash Credit & how it is checked?24 May 20180What is Cash Credit& how it is checked? The basic details regarding bank audit is already covered under in the…
IT JudgementSupreme court judgement on Good seized by GST Officer- in favor of Revenue23 May 20180SLP dismissed against impugned order of High Court that where assessee sought release of goods seized during transport from Delhi…
ArticleIncome TaxAll about Presumptive Tax Scheme22 May 20180All about Presumptive Tax Scheme [button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/”]home[/button] [button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/submit-article-publish-your-articles-here/”]Submit Article [/button] [button color=””…
Income TaxProhibitions on cash transactions under the Income Tax Act- 196121 May 20180Section 269ST: Prohibits receipt of an amount of Rs. 2 lakh or more by a person, In aggregate from a…
Income TaxTax Planning4 Golden Rules to Tax Planning21 May 201804 Golden Rules to Tax Planning “Right to tax planning is a legitimate right of the taxpayers provided it is…
ArticleIncome Taxother topicHello Sir !! Why are we working in installment? (ITR forms next installment due now)15 May 20180Hello Sir !! Why are we working in installment? (ITR forms next installment due now) There are certain activities which…
IT JudgementAddition U/s. 68 for Capital contribution to firm by partner cannot be sustained when partner has confirmed contribution.15 May 20180Addition U/s. 68 for Capital contribution to firm by partner cannot be sustained when partner has confirmed contribution. Pr. CIT…
Income TaxLast date to file Statement of Financial Transactions is 31st May 201814 May 20180Last date to file Statement of Financial Transactions is 31st May 2018 “Taxes grow without rain” -Old Jewish Proverb Less…
Income Taxother topicIncome Tax Return cannot be filed! Anyone accountable here Mr. Finance Minister?9 May 20180Income Tax Return cannot be filed! Anyone accountable here Mr. Finance Minister? Dear Taxpayer, you cannot file your Income Tax…
Income TaxGST will be applicable on Supply of motor vehicles as scrap after its usage in business8 May 20180GST will be applicable on Supply of motor vehicles as scrap after its usage in business AAR: GST will be…
ArticleOld ITR Forms Vs. New ITR Forms7 May 20180Old ITR Forms Vs. New ITR Forms The new forms will lead to correlating and reconciling of inter-connected information of…
ArticleTaxation of Joint Development Agreement [JDA]7 May 20180Taxation of Joint Development Agreement [JDA] “Hardest thing to understand is income tax”- Albert Einstein. “Income tax is leviable only on…
ArticleCompliances for Limited Liability Partnership(L.L.P.)5 May 20180Compliances for Limited Liability Partnership(L.L.P.) What is LLP? LLP is a separate legal entity, liable to the full extent of…
Press ReleaseGST Council approves principles for filing of new return design based on the recommendations of the Group of Ministers on IT simplification5 May 20180Ministry of Finance GST Council approves principles for filing of new return design based on the recommendations of the Group…