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…
Income Tax
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…
Whether penalty is leviable if the income offered to tax during the assessment proceeding post survey?
Whether penalty is leviable if the income offered to tax during the assessment proceeding post survey? A recent Mumbai…
Educational Activities are neither business nor profession and are covered under section 2 (15) of Income Tax Act: Delhi High Court
Educational Activities are neither business nor profession and are covered under section 2 (15) of Income Tax Act: Delhi High…
Relevance of real income vis a vis deemed income:
Relevance of real income vis a vis deemed income: Concept: 1. Income becomes taxable on the footing of accrual…
Exemption U/S 11 cannot be denied merely due to delay in filing Form 10B: ITAT Delhi
Exemption U/S 11 cannot be denied merely due to delay in filing Form 10B: ITAT Delhi Shambhu Dayal Modern…
FAQs on PFA & Defective for ITR 1to 6 for AY 24-25
FAQs on PFA & Defective for ITR 1to 6 for AY 24-25 The copy of the order is as under:…
