Income TaxTax Clearance Certificate for Foreign Travel: Confusion & Clarification12 months agoTax Clearance Certificate for Foreign Travel: Confusion & Clarification There is fake news which is highly circulating in the…
Income TaxInstruction to consult the GST Policy Wing or TRU, before concluding audits involving conflicting interpretations of CGST provisions due to prevalent trade practices issued by CBIC.12 months agoInstruction to consult the GST Policy Wing or TRU, before concluding audits involving conflicting interpretations of CGST provisions due to…
Income Tax𝐀 𝐬𝐭𝐞𝐩 𝐭𝐨 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐅𝐚𝐤𝐞 𝐆𝐒𝐓 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧𝐬!12 months ago𝐀 𝐬𝐭𝐞𝐩 𝐭𝐨 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐅𝐚𝐤𝐞 𝐆𝐒𝐓 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧𝐬! The CBIC is launching a 2-month Special Drive starting August 16 to crack down on fake GST registrations,…
Income TaxBye-Bye DSC: Tax Audit Report can be approved without DSC12 months agoBye-Bye DSC: Tax Audit Report can be approved without DSC One of the biggest uses of DSC was under…
Income TaxTDSPartnership Firms and LLPs: Enhanced Deductions with New TDS Obligations12 months agoPartnership Firms and LLPs: Enhanced Deductions with New TDS Obligations In recent years, the Government has introduced concessional tax…
Income TaxIs providing a personal hearing in a faceless assessment scenario mandatory even if not asked for?1 year agoIs providing a personal hearing in a faceless assessment scenario mandatory even if not asked for? In a recent…
Income TaxIs it mandatory for every company to maintain fixed assets register since incorporation?1 year agoIs it mandatory for every company to maintain fixed assets register since incorporation? ROC asked the company to produce…
Income TaxWhether the new capital gain tax regime regarding non-financial assets is unfair to the extent it ignores time value of money?1 year agoWhether the new capital gain tax regime regarding non-financial assets is unfair to the extent it ignores time value of…
Income TaxRestricted benefit of lower capital gain tax @12.50%1 year agoRestricted benefit of lower capital gain tax @12.50% The budget has been passed by both the houses of Parliament…
Income TaxShare buyback: another emerging front for a long drawn tax litigation1 year agoShare buyback: another emerging front for a long drawn tax litigation Sub-clause (f) has been inserted in section 2(22)…
Income TaxDividend not deposited in separate bank account within 5 days due to Holiday: Validity of penalty imposed?1 year agoDividend not deposited in separate bank account within 5 days due to Holiday: Validity of penalty imposed? Section 123(4)…
Income TaxNot proper reporting in audited financial statements: Penalty imposed on auditor for violation of section143 of the Companies Act 20131 year agoNot proper reporting in audited financial statements: Penalty imposed on auditor for violation of section143 of the Companies Act 2013…
Income TaxWhether penalty is leviable if the income offered to tax during the assessment proceeding post survey?1 year agoWhether penalty is leviable if the income offered to tax during the assessment proceeding post survey? A recent Mumbai…
Income TaxEducational Activities are neither business nor profession and are covered under section 2 (15) of Income Tax Act: Delhi High Court1 year agoEducational Activities are neither business nor profession and are covered under section 2 (15) of Income Tax Act: Delhi High…
Income TaxRelevance of real income vis a vis deemed income:1 year agoRelevance of real income vis a vis deemed income: Concept: 1. Income becomes taxable on the footing of accrual…
Income TaxExemption U/S 11 cannot be denied merely due to delay in filing Form 10B: ITAT Delhi1 year agoExemption U/S 11 cannot be denied merely due to delay in filing Form 10B: ITAT Delhi Shambhu Dayal Modern…
Income TaxFAQs on PFA & Defective for ITR 1to 6 for AY 24-251 year agoFAQs on PFA & Defective for ITR 1to 6 for AY 24-25 The copy of the order is as under:…
Income TaxIndexation benefit restored: Finance Bill 2024 passed by Loksabha1 year agoIndexation benefit restored: Finance Bill 2024 passed by Loksabha The Finance Bill 2024 is passed in the Lok Sabha…