GSTIncome TaxCan ITC be availed on GST paid on premium for Life insurance policies of employees ?2 years agoCan ITC be availed on GST paid on premium for Life insurance policies of employees ? As per section…
Income TaxProper officer not allowed to direct customers of Taxpayer to stop further payments to taxpayer2 years agoProper officer not allowed to direct customers of Taxpayer to stop further payments to taxpayer There are cases…
Income TaxAO is not justified in making addition U/s 68 in respect of cash receipts converted into sales: ITAT Chennai2 years agoAO is not justified in making addition U/s 68 in respect of cash receipts converted into sales: ITAT Chennai …
Income Tax*GTA to file online declaration for FY 2024-25*2 years ago*GTA to file online declaration for FY 2024-25* -Opting Forward Charge in Annexure V -Reverting to RCM in…
Income TaxCA Be Careful: NFRA levies penalty of Rs.50 lakhs on CA for wrong certification of form 10D under IT Act 19612 years agoCA Be Careful: NFRA levies penalty of Rs.50 lakhs on CA for wrong certification of form 10D under IT Act 1961…
Income TaxNo violation of section 269SS if the amount exceeding Rs. 20,000/- is accepted at the time of sale Deed2 years agoNo violation of section 269SS if the amount exceeding Rs. 20,000/- is accepted at the time of sale Deed …
Income TaxNo Penalty u/s 271D for receiving cash for sale of immovable property if cash was duly deposited in Bank A/C: ITAT Visakhapatnam2 years agoNo Penalty u/s 271D for receiving cash for sale of immovable property if cash was duly deposited in Bank A/C:…
Income TaxWhether interest and penalty need to be included in the pre-deposit amount for filing an appeal?2 years agoWhether interest and penalty need to be included in the pre-deposit amount for filing an appeal? Section 107(6)(b) of…
Income TaxRepresentation for the Rationalization of Disallowance for Delayed Payment to MSME under the Income Tax Act: by ITBA- Ahmedabad & AGTFTC- Nadiad2 years agoRepresentation for the Rationalization of Disallowance for Delayed Payment to MSME under the Income Tax Act: by ITBA- Ahmedabad &…
GSTIncome TaxNew Changes in GSTR-1: An Overview2 years agoNew Changes in GSTR-1: An Overview Table 14 and Table 15 are added in the GST Portal – The…
Income TaxDeduction U/S 80-IB(10) can be allowed even in the case of belated returns:2 years agoDeduction U/S 80-IB(10) can be allowed even in the case of belated returns: PCIT vs. H.P. Housing & Urban Development…
Income Tax“Addition Based on Assumptions Under Section 68 of Income Tax Act Deemed Unsustainable: Case Study”2 years ago“Addition Based on Assumptions Under Section 68 of Income Tax Act Deemed Unsustainable: Case Study” In the case of Himanshu…
Income TaxRecord number of Income Tax Returns (ITRs) filed till 31st December, 20232 years agoRecord number of Income Tax Returns (ITRs) filed till 31st December, 2023 Few highlights: 8.18 crore ITRs filed for AY…
GSTIncome TaxTDS“Tax Compliance Tracker – January, 2024” 2 years ago“Tax Compliance Tracker – January, 2024” 1. Compliance requirement under Income Tax act, 1961 Sl. Compliance Particulars Due Dates 1 Due…
Income TaxCapital Gain Exemption on sale of properties & Investment in more than one house property2 years agoCapital Gain Exemption on sale of properties & Investment in more than one house property Query 1] How many…
Income TaxPayment made for promotion purposes is not royalty: ITAT2 years agoPayment made for promotion purposes is not royalty: ITAT Facts: 1.The assessee was appointed as the official sponsor of…
Income TaxDate for reporting open balance for ITC reversal extdd to 31.1.24. Facility to amend declared open balance to be available till 29.2.242 years agoDate for reporting open balance for ITC reversal extdd to 31.1.24. Facility to amend declared open balance to be available…
GSTIncome TaxTime limit for issuance of Gst orders extended For FY 18-19 to 30.04.2024 & For FY 19-20 to 31.08.20242 years agoTime limit for issuance of Gst orders extended For FY 18-19 to 30.04.2024 & For FY 19-20 to 31.08.2024 …