Amendments to the Finance Bill 2023 while Passing throush Loksabha
The Finance Bill, 2022 (Amended Bill) was passed by the Lok Sabha on 25 March 2022 with amendments to the original Bill that was tabled before the Lok Sabha on ...
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The Blogs
Madhya Pradesh quashes High Court prosecution in the absence of prima facie evidence
Madhya Pradesh quashes High Court prosecution in the absence of prima facie evidence
SWAPNIL BHATT (CASE No. 33356 of 2022)
Facts:
According to the investigator, some persons indulged in unauthorized ‘Forward Trading’ or ‘Dabba Trading’ outside the portal of MCX by ...
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ITO cannot bypass the SC decision of Engineering Analysis while considering Sec 197 application: Delhi HC
ITO cannot bypass the SC decision of Engineering Analysis while considering Sec 197 application: Delhi HC
Milestone Systems A/S (WP No. 3639/2022)
Facts:
The petitioner entered into a Distributor Partner Agreement with various companies/entities for sale of its Software in India. ...
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Bogus Purchase: Compilation of few cases wherein addition is restricted to the GP Ratio
Bogus Purchase: Compilation of few cases wherein addition is restricted to the GP Ratio
The issue of bogus purchase is a recent phenomenon mostly in view of the GST Investigation and bogus ITC Claims. One must note that the treatment ...
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Crypto & NFT businesses are now ‘reporting entities’ under the Prevention of Money-Laundering Act (PMLA).
Crypto & NFT businesses are now ‘reporting entities’ under the Prevention of Money-Laundering Act (PMLA).
The Govt. of India recently announced that all Crypto & NFT businesses are now ‘reporting entities’ under the Prevention of Money-Laundering Act (PMLA).
A lot of ...
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Transfer of Virtual Digital Assets to be governed under the Prevention of Money Laundering Act of 2002
Transfer of Virtual Digital Assets to be governed under the Prevention of Money Laundering Act of 2002
The Central Government has announced, via an Official Gazette Notification dated March 7, 2023, that the exchange and transfer of Virtual Digital Assets will ...
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New Tab “Comply to Notice” is introduced at the Income Tax E – Portal
New Tab “Comply to Notice” is introduced at the Income Tax E - Portal
Using this Tax Payer can Submit Response and View Submitted Response to :
1) ITBA notice/document DIN which is not linked to PAN/TAN or
2) Notice u/s 133(6) ...
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TDS Not Deposited By Employer, Can’t Be Adjusted Against Future Refund Due To Assessee: Delhi High CourtTDS Not Deposited By Employer, Can’t Be Adjusted Against Future Refund Due To Assessee: Delhi High Court
TDS Not Deposited By Employer, Can’t Be Adjusted Against Future Refund Due To Assessee: Delhi High Court
Sanjay Sudan (W.P.(C) 6610/2019)
The question before the ITAT was whether Whether the respondents/revenue can adjust the withheld tax which has not been deposited ...
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Rare Conviction for failure to file audit, MD jailed
Rare Conviction for failure to file audit, MD jailed
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Proposal for Maharashtra VAT Amnesty Scheme by BJP CA Cell, Mumbai
Proposal for Maharashtra VAT Amnesty Scheme by BJP CA Cell, Mumbai
Date-04.03.2023
To,
Shri Devendta Fadnavis ji
Hon'ble Dy Chief Minister of Maharashtra (Finance portfolio)
Mumbai
Respected sir,
May It Please your Honor
Sub: VAT Amnesty
The erstwhile MVA Government had announced the Amnesty Scheme for waiver of ...
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No opportunity to cross-examine persons on whose statement department is relying, Addition deleted by Chandigarh ITAT
No opportunity to cross-examine persons on whose statement department is relying, Addition deleted by Chandigarh ITAT
ITAT Chandigarh has recently held that no additions based on statements of ex-employees & dealers without allowing assessee to cross examine them.
The case detail ...
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Co. entitled to Dep. & exp. on maintenance of sports car purchased for commuting key managerial personnel’s: ITAT
Co. entitled to Dep. & exp. on maintenance of sports car purchased for commuting key managerial personnel’s: ITAT
ITAT Mumbai in the case of Silver Spark Apparel Ltd. v. DCIT - [2023] 147 , 500 (Mumbai - Trib.) has held that Co. ...
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Sovereign Gold Bonds- Option better than Physical Gold
Sovereign Gold Bonds- Option better than Physical Gold
Yellow metal has been the preferred investment choice of the Indians. The mode of investment in gold has also changed over the last decade. Here is one more option in the form ...
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List of Information which will be Reflected in AIS/TIS (From AY 2023-24 onwards)
List of Information which will be Reflected in AIS/TIS (From AY 2023-24 onwards)
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Annexure F – Form No. 5 under RERA regarding Annual Report On Statement Of Accounts – Chartered Accountant’s Certificate
Annexure F – Form No. 5 under RERA regarding Annual Report On Statement Of Accounts - Chartered Accountant's Certificate
Annexure F
FORM 5
(See Regulation 4)
ON THE LETTER HEAD OF CHARTERED ACCOUNTANT
(WHO IS ANNUAL AUDITOR OF THE
PROMOTER'S COMPANY/FIRM)
ANNUAL REPORT ON STATEMENT OF ...
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Rare Conviction for failure to file audit, MD Jailed
Rare Conviction for failure to file audit, MD Jailed
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Whether a husband and wife can form an HUF without any issue?
Whether a husband and wife can form an HUF without any issue?
Opinion:
Let us discuss it in short to know about the solution. This is one of the most common questions. There are a lot many individual taxpayers who want ...
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Taxation & TDS provision on Sale of Agricultural land:
Taxation & TDS provision on Sale of Agricultural land:
Normally, all income & gain arising on sale of property is taxable. However, income arising on sale of agricultural land is totally tax free provided that
(a) it is rural agricultural land & ...
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