TDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner: ITAT Jodhpur
TDS exemption is available U/S 194C in case of a declaration, even when the transporter is not the owner: ITAT…
Income Tax
Short Analysis of Section 43B(h) and the clarification in the Explanatory Memorandum
Short Analysis of Section 43B(h) and the clarification in the Explanatory Memorandum The following position emerges from the plain reading…
Refund allowed even when export proceeds received through Paypal.
Refund allowed even when export proceeds received through Paypal. Numerous business houses exporting services from India receive payments through various…
ITC cannot be denied based on non reflection in GSTR-2A: Kerala HC
ITC cannot be denied based on non reflection in GSTR-2A: Kerala HC The Hon’ble Kerala High Court in Diya…
Responding to notices for AIS mismatch:
Responding to notices for AIS mismatch: Taxpayers often receive the following message form the Income Tax Department regarding mismatch in…
No Penalties should be Imposed solely for technical errors lacking any intent to evade tax : Allahabad HC
No Penalties should be Imposed solely for technical errors lacking any intent to evade tax : Allahabad HC Facts:…
Section 115TD – An overview of the applicability of tax where the charitable institution ceases to exist or converts into a non-charitable organization
Section 115TD – An overview of the applicability of tax where the charitable institution ceases to exist or converts into…
Relevance of Tax Residency Certificate, while claiming the benefit of the double taxation avoidance agreement
Relevance of Tax Residency Certificate, while claiming the benefit of the double taxation avoidance agreement The Hon’ble Delhi ITAT…
Numerous notices to the taxpayers pertaining to mismatch of transaction in ITR & clarification by CBDT
Numerous notices to the taxpayers pertaining to mismatch of transaction in ITR & clarification by CBDT CBDT has recently released…
Implementation of e-Verification Scheme-2021: Press release by CBDT
Implementation of e-Verification Scheme-2021: Press release by CBDT The copy of the press release is as under: WhatsApp Image…
ITC claim can’t be denied solely on the ground that such claim is not reflected in GSTR-3B
ITC claim can’t be denied solely on the ground that such claim is not reflected in GSTR-3B ITC Claim Can’t…
TRC is the valid document for determining treaty benefits: ITAT M/s Sarva Capital LLC (ITA No.2073/Del/2023)
TRC is the valid document for determining treaty benefits: ITAT M/s Sarva Capital LLC (ITA No.2073/Del/2023) Facts of the Case:…
CIT while exercising power U/S. 263 must record a specific finding that it is a case of no enquiry: Calcutta HC
CIT while exercising power U/S. 263 must record a specific finding that it is a case of no enquiry: Calcutta…
How to claim TDS refunds if it is not shown in the ITR filed
How to claim TDS refunds if it is not shown in the ITR filed Filing of Income Tax Return (ITR)…
Provisions of Section 56(2)(vii)(C) of the Income-tax Act are not applicable in case of allotment of shares, it is only applicable in case of transfer of shares
Provisions of Section 56(2)(vii)(C) of the Income-tax Act are not applicable in case of allotment of shares, it is only…
Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC
Interest on loan taken to invest in a subsidiary is allowable as a deduction: Bombay HC PCIT Vs Videocon Industries…
CBDT amends ITR-2 ITR-3 & ITR-5 forms – Additional disclosures regarding section 80DD 80 U & 54D have been prescribed
CBDT amends ITR-2 ITR-3 & ITR-5 forms – Additional disclosures regarding section 80DD 80 U & 54D have been prescribed…
100 % Penalty cannot be imposed if Show Cause Notice is issued under section 73
100 % Penalty cannot be imposed if Show Cause Notice is issued under section 73 In the High Court of…
