other topicINCOME PROOF NOW MADE MANDATORY FOR Rs 10 LAKH INVESTMENTS IN POST OFFICE SAVINGS SCHEMES.8 Jun 20230 INCOME PROOF NOW MADE MANDATORY FOR Rs 10 LAKH INVESTMENTS IN POST OFFICE SAVINGS SCHEMES. The Department of Posts has…
other topicInvestment in One House: Whether Assessee can claim deduction u/s 54 and 54F simultaneously?6 Jun 20230Investment in One House: Whether Assessee can claim deduction u/s 54 and 54F simultaneously? Facts: Similar question arose in ITAT…
TDSTDS on payment by Hospitals to Consultant Doctors to be deducted U/S 194J:5 Jun 20230TDS on payment by Hospitals to Consultant Doctors to be deducted U/S 194J: M/s. Kovai Medical Centre and Hospital Limited,…
other topicDeposit of Rs 2,000 notes in the Bank account: Concern & Confusion of the Taxpayers5 Jun 20230Deposit of Rs 2,000 notes in the Bank account: Concern & Confusion of the Taxpayers RBI has announced the withdrawal…
GSTIncome TaxTDSStatutory and Tax Compliance Calendar for June 20232 Jun 20230Statutory and Tax Compliance Calendar for June 2023 S. No. Statue Purpose Compliance Period Due Date Compliance Details 1…
other topicCompliance Calendar for June- 231 Jun 20231 CommentCompliance Calendar for June- 23 INCOME TAX 07th June 2023- Due date for payment of TDS/TCS for the month of…
other topicFileStatement of Financial Transactions (SFT) by 31st May31 May 20230File Statement of Financial Transactions (SFT) by 31st May All persons who are reporting entities under Rule 114E read with section…
other topicExtension of the date of filing statement of Donation of FY 2022-23 in Form No. 10BD & certificate in Form No. 10BE extended to 30th June 202331 May 20230Extension of the date of filing statement of Donation of FY 2022-23 in Form No. 10BD & certificate in Form…
other topicExpenses incurred for purchase of Diwali gifts by the assessee for the customers is an allowable expenditure U/S 37: ITAT30 May 20230Expenses incurred for purchase of Diwali gifts by the assessee for the customers is an allowable expenditure U/S 37: ITAT…
other topicNo Specific Identification is needed for exchange of 2000 notes: Delhi High Court30 May 20230No Specific Identification is needed for exchange of 2000 notes: Delhi High Court. The Delhi High Court upholds RBI…
other topicTaxation on transfer of shares of Non-Traded or Suspended companies & Buy Back of Shares29 May 20230Taxation on transfer of shares of Non-Traded or Suspended companies & Buy Back of Shares. In the last issue of…
Newsother topicBreaking News Live: RBI to withdraw Rs 2,000 notes from circulation, will continue as legal tender19 May 20230Breaking News Live: RBI to withdraw Rs 2,000 notes from circulation, will continue as legal tender The copy of…
other topicCapital gain exemption available even if the construction of the house property has commenced before the date of capital gain.15 May 20230Capital gain exemption available even if the construction of the house property has commenced before the date of capital gain.…
TDSTDS under section 194-IA of the Income Tax Act is only applicable when the consideration for the transfer of immovable property exceeds Rs. 50 lakhs per buyer.5 May 20230TDS under section 194-IA of the Income Tax Act is only applicable when the consideration for the transfer of immovable…
GSTTDSBusiness Compliance Calender May – 20234 May 20230Business Compliance Calender May – 2023 Nature of Compliance DueDate Depositing of TCS/TDS for deduction done in April –…
Income Taxother topicUnion Finance Minister Smt. N. sitharaman chairs review meeting with Central Board of Indirect Taxes & Customs.2 May 20230Union Finance Minister Smt. N. sitharaman chairs review meeting with Central Board of Indirect Taxes & Customs. Union…
Income Taxother topicIf provisions to tax was not available in the statute as on the date of entering into the agreement, the same cannot be made applicable subsequently2 May 20230If provisions to tax was not available in the statute as on the date of entering into the agreement, the…
TDSInvestment and Taxation of Senior Citizens Saving Scheme & Sukanya Samridhi Yojana1 May 20230Investment and Taxation of Senior Citizens Saving Scheme & Sukanya Samridhi Yojana There are two investment options…