Last minute extension by ICAI – Why blame Government only for being irresponsible?
In the last few days we have been criticizing GSTN for not able to handle the traffic on GST portal.…
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FAIR GAME – COMPLIANCE RATING FOR BOTH TAXPAYER AND TAX COLLECTOR !
compliance rating FAIR GAME – COMPLIANCE RATING FOR BOTH TAXPAYER AND TAX COLLECTOR ! Revenue secretary Hasmukh Adhia said that system…
Prosecution proceeding by Income Tax Department increased by 184% CBDT
Prosecutions proceedings in case of tax evaders increased by 184% during FY 2017-18: CBDT MISCELLANEOUS – SHARP INCREASE IN PROSECUTION…
New subsidy scheme – Women Entrepreneurs Policy announced recently
The Highlights of the Women Entrepreneurs Policy – 2017 are as follows: 1.Capital Grant For the women entrepreneurs belonging to…
Be The Forensic Auditor !!
Forensic Auditor Worldwide we consider Sherlock Holmes to be the first forensic accountant; however contribution of some of historic characters…
Refund of TDS done u/s 195
Refund of TDS done u/s 195 Whether Refund of TDS done u/s 195 is possible is the question often ask…
How to close the Capital Gain Deposit Account under CGDAS?
There is a set procedure for closing the account opened under Capital Gain Deposit account scheme-1988. Rule 13 deals with…
Long Term Capital Gain On Sale Of Shares Will Again Be Taxable??
Long Term Capital Gain Yes you heard it right. Keep your eyes on Union Budget 2018 you may get to know…
Avoid investing in Bitcoins !! Be Cautious!!
Ministry of Finance Government Cautions People Against Risks in Investing in Virtual ‘Currencies’; Says VCs are like Ponzi Schemes The…
Actual sale consideration, not stamp duty valuation, is important for claiming capital gain exemption u/s 54F
INCOME TAX OFFICER vs. SHRI RAJ KUMAR PARASHAR : ITAT- JAIPUR BENCH Exemption under s.54F: Capital gains— Exemption under s.54F: Full…
Whether education expenses paid for education of its Director is an allowable expenses ?
education expenses Whether education expenses paid for education of its Director is an allowable expenses education expenses: Where assessee company…
Bogus LTCG from Penny stocks
Sanjay Bimalchand Jain vs. Pr CIT (Bombay High Court) GIST: Bogus LTCG from Penny stocks: The assessee has not tendered…
CAPITAL GAIN EXEMPTION FOR INVESTMENT IN AGRICULTURAL LAND
CONDITIONS PRECEDENT FOR EXEMPTION U/S 54B The conditions necessary for grant of exemption under section 54B are : (i) capital…
Agricultural Land- Meaning for the purpose of section 2(14)(iii) of the Income Tax Acty-1961
SUB-CLAUSE (iii)-AGRICULTURAL LAND (i) General Section 2(4A)(iii) of the 1922 Act excluded from the ambit of “capital asset”, any land…
Unpaid tax dues of Pvt Ltd Company is no basis to lift corporate veil; No recovery can be initiated against Directors u/s 179(1) in absence of hearing
AHEMDABAD, : THE ISSUE BEFORE THE DIVISION BENCH IS – “Whether notices in form of recovery or reminders of unpaid…
Assessment in case the return in invalidated for non receipt of ITR – V
non receipt of ITR There are lot of return where the return is treated as defective u/s 139(9). For multiple…
Subsidy received is not Taxable !!
CIT vs. Chaphalkar Brothers Pune (Supreme Court) Taxability of subsidies: A subsidy granted by the Govt to achieve the objects…
Hold the breath: Delhi HC admits plea against section 43CA
Admits Builder’s challenge on vires of stamp duty value based taxation u/s. 43CA* Delhi HC admits Ansal Housing & Construction…
