No addition could be made under section 68 if Assessee has declared income under section 44AD: Mumbai ITAT
No addition could be made under section 68 if Assessee has declared income under section 44AD: Mumbai ITAT Here is an…
Income Tax
Compliance Calendar for April’2024
Compliance Calendar for April’2024 INCOME TAX ▪️07th April 2024- Due date for payment of TCS for the month of Mar’24.…
Sec. 234A interest can be waived off if tax was deposited immediately after receiving notice from AO: HC
Sec. 234A interest can be waived off if tax was deposited immediately after receiving notice from AO: HC Baso…
The Difference between the fair market value of the equity shares on the date of vesting of option and the date of exercise of option is an allowable expenditure : ITAT Mumbai
The Difference between the fair market value of the equity shares on the date of vesting of option and the…
Power of CIT (Exemption) for Condonation of delay up to 365 days in filing of Form No. Form No. 9A & Form No. 10
Power of CIT (Exemption) for Condonation of delay up to 365 days in filing of Form No. Form No. 9A…
Statutory and Tax Compliance Calendar for April 2024
Statutory and Tax Compliance Calendar for April 2024 S. No. Statue Purpose Compliance Period Due Date Compliance Details 1…
Taxability of online games:
Taxability of online games: Introduction: Taxability of online winnings before the introduction of section 115BBJ of the Income Tax…
Overview of the New Tax Rules for filing ITR for the FY 2023-24
Overview of the New Tax Rules for filing ITR for the FY 2023-24 Income tax return (ITR) forms for…
Sum Received on Maturity of Keyman Insurance Policy Purchased by Employee From Employer is Exempt u/s 10(10D): ITAT
Sum Received on Maturity of Keyman Insurance Policy Purchased by Employee From Employer is Exempt u/s 10(10D): ITAT Mihir…
No penalty for not filing Part B of the E-way bill because of technical issues.
No penalty for not filing Part B of the E-way bill because of technical issues. The Hon’ble Allahabad High…
Tax dept detects HRA fraud with illegal usage of PANs
Tax dept detects HRA fraud with illegal usage of PANs The copy of the order is as under:…
Photocopy of any documents don’t have any evidentiary value & cannot be relied if it is not backed by other corroborative evidence: Delhi High Court
Photocopy of any documents don’t have any evidentiary value & cannot be relied if it is not backed by other…
ITAT Delhi deleted addition u/s 69A towards unexplained cash deposits in the bank account as AO could not bring any adverse material to treat as unexplained
ITAT Delhi deleted addition u/s 69A towards unexplained cash deposits in the bank account as AO could not bring any adverse…
Electoral Bond Issue & Impact of Supreme Court Judgement on Political Contributions : Short Overview
Electoral Bond Issue & Impact of Supreme Court Judgement on Political Contributions : Short Overview 1. The Supreme Court…
Draft assessment order not provided before final Order: Calcutta HC set aside assessment
Draft assessment order not provided before final Order: Calcutta HC set aside assessment to the assessee for filing objections…
Notice Issued U/S 148A(B) Income Tax Act To Registered Email ID Of Assessee A Jurisdictional Requirement; Not An Empty Formality: Allahabad HC
Notice Issued U/S 148A(B) Income Tax Act To Registered Email ID Of Assessee A Jurisdictional Requirement; Not An Empty Formality:…
Taxation of unexplained income or investment
Taxation of unexplained income or investment 1.Sec .68 of Income Tax Act– Cash Credits Where any sum is found…
Registered Vs. Unregistered MSME: Disallowance for delayed Payment
Registered Vs. Unregistered MSME: Disallowance for delayed Payment Query 1] If a person is a MSME registered enterprise and…
