Bonafide purchasing dealers should not be denied ITC for non compliance of selling dealers
Bonafide purchasing dealers should not be denied ITC for non compliance of selling dealers Here is an interest case…
Income Tax
Whether separate written retraction requirement is fastened upon assessee either u/s 133A or any other provisions of the Act?
Whether separate written retraction requirement is fastened upon assessee either u/s 133A or any other provisions of the Act? …
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC).
CBDT issues clarification in respect of Income-tax clearance certificate (ITCC). It is being erroneously reported that all Indian citizens…
Credit co-operative societies are eligible for deduction U/s 80P(2)(a)(i) in respect of interest income from its investment: Nagpur ITAT
Credit co-operative societies are eligible for deduction U/s 80P(2)(a)(i) in respect of interest income from its investment: Nagpur ITAT Disallowance…
Activity already commenced prior to Provisional Registration cannot be the ground for rejection of Section 80G Registration: Nagpur ITAT
Activity already commenced prior to Provisional Registration cannot be the ground for rejection of Section 80G Registration: Nagpur ITAT …
ITAT Mumbai deleted Penny Stock Addition
ITAT Mumbai deleted Penny Stock Addition In a recent case, Mumbai ITAT deleted the addition on account of penny…
Tax Clearance Certificate for Foreign Travel: Confusion & Clarification
Tax Clearance Certificate for Foreign Travel: Confusion & Clarification There is fake news which is highly circulating in the…
Instruction 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.
Instruction to consult the GST Policy Wing or TRU, before concluding audits involving conflicting interpretations of CGST provisions due to…
𝐀 𝐬𝐭𝐞𝐩 𝐭𝐨 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐅𝐚𝐤𝐞 𝐆𝐒𝐓 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧𝐬!
𝐀 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,…
Bye-Bye DSC: Tax Audit Report can be approved without DSC
Bye-Bye DSC: Tax Audit Report can be approved without DSC One of the biggest uses of DSC was under…
Partnership Firms and LLPs: Enhanced Deductions with New TDS Obligations
Partnership Firms and LLPs: Enhanced Deductions with New TDS Obligations In recent years, the Government has introduced concessional tax…
Is providing a personal hearing in a faceless assessment scenario mandatory even if not asked for?
Is providing a personal hearing in a faceless assessment scenario mandatory even if not asked for? In a recent…
Is it mandatory for every company to maintain fixed assets register since incorporation?
Is it mandatory for every company to maintain fixed assets register since incorporation? ROC asked the company to produce…
Whether the new capital gain tax regime regarding non-financial assets is unfair to the extent it ignores time value of money?
Whether the new capital gain tax regime regarding non-financial assets is unfair to the extent it ignores time value of…
Restricted benefit of lower capital gain tax @12.50%
Restricted benefit of lower capital gain tax @12.50% The budget has been passed by both the houses of Parliament…
Share buyback: another emerging front for a long drawn tax litigation
Share buyback: another emerging front for a long drawn tax litigation Sub-clause (f) has been inserted in section 2(22)…
Dividend not deposited in separate bank account within 5 days due to Holiday: Validity of penalty imposed?
Dividend not deposited in separate bank account within 5 days due to Holiday: Validity of penalty imposed? Section 123(4)…
Not proper reporting in audited financial statements: Penalty imposed on auditor for violation of section143 of the Companies Act 2013
Not proper reporting in audited financial statements: Penalty imposed on auditor for violation of section143 of the Companies Act 2013…
