Intricacies on deduction U/S 43Bfor payments made to MSMEs:
Intricacies on deduction U/S 43Bfor payments made to MSMEs: 1.Finance Act 2023 inserted clause (h) in Sec 43B,…
Income Tax
Exploring Changes: A Closer Look at the Modified New Tax Regime
Exploring Changes: A Closer Look at the Modified New Tax Regime Query 1] My total salary income for…
Composition Scheme under GST: An Overview
Composition Scheme under GST: An Overview Laws to ensure greater compliance without the need of maintaining records. This scheme…
If notice u/s 143(2) has not been issued by the officer having such jurisdiction than such notice u/s 143(2) and assessment order is bad in law and liable to be quashed
If notice u/s 143(2) has not been issued by the officer having such jurisdiction than such notice u/s 143(2) and…
Data Analytics used for recovering outstanding demands.
Data Analytics used for recovering outstanding demands. Recovery is expected by the Government to be around at least 50,000…
Madras High Court quashed GST Order Passed under S73(9) for difference in GSTR 1 and GSTR 3B for FY 2017-18, without opportunity of being heard under S75(4)
Madras High Court quashed GST Order Passed under S73(9) for difference in GSTR 1 and GSTR 3B for FY 2017-18,…
Allahabad High court establishes a rule of no penalty for minor typo errors in e-way bills
Allahabad High court establishes a rule of no penalty for minor typo errors in e-way bills FACTUAL MATRIX: The…
ITC on CSR Expenses
ITC on CSR Expenses Corporate Social Responsibility (CSR) implies a concept, whereby companies decide voluntarily to contribute to a…
Taxation of Employee Stock Option Plan (ESOP)
Taxation of Employee Stock Option Plan (ESOP) The biggest assets of any organisation are its human resources. Retaining &…
Can ITC be availed on purchase of spare parts for repair of motor vehicles ?
Can ITC be availed on purchase of spare parts for repair of motor vehicles ? Input tax credit(ITC) is taxes…
Delhi HC condones delay in filing Form 10 :
Delhi HC condones delay in filing Form 10: BAR COUNCIL OF INDIA (W.P.(C) 4330/2019) Facts: The petitioner, through a writ…
Sec 269SS is not applicable where cash receipt on sale of flat is due to unavoidable circumstances: ITAT
Sec 269SS is not applicable where cash receipt on sale of flat is due to unavoidable circumstances: ITAT Smt. Vijapurapu…
Recent Amendment in Liberalized Remittance Scheme (LRS) of RBI
Recent Amendment in Liberalized Remittance Scheme (LRS) of RBI Recent Amendment in Liberalized Remittance Scheme (LRS) of RBI Under…
Can ITC be availed on office furnishings & interior works ?
Can ITC be availed on office furnishings & interior works ? As per Section 17(5(c) blocks ITC only…
Income Tax Law while buying and selling the Property
Income Tax Law while buying and selling the Property Most of the high valued transactions in general are the…
Can ITC be availed on GST paid on premium for Life insurance policies of employees ?
Can ITC be availed on GST paid on premium for Life insurance policies of employees ? As per section…
Proper officer not allowed to direct customers of Taxpayer to stop further payments to taxpayer
Proper officer not allowed to direct customers of Taxpayer to stop further payments to taxpayer There are cases…
AO is not justified in making addition U/s 68 in respect of cash receipts converted into sales: ITAT Chennai
AO is not justified in making addition U/s 68 in respect of cash receipts converted into sales: ITAT Chennai …
