Latest Update

Circular

Empanelment of Chartered Accountant firms/LLPs for the year 2020-2021

Empanelment of Chartered Accountant firms/LLPs for the year 2020-2021    

Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs upto ₹ 10,000/- with loading only from bank account

Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs upto ₹ 10,000/- with...

Standard Operating Procedure to be followed in case of non-filers of returns – reg

Standard Operating Procedure to be followed in case of non-filers of returns – reg

Go Live of SAP based Filing of Appeal Applications under MVAT and CST Act Dated 30.11.2019

Go Live of SAP based Filing of Appeal Applications under MVAT and CST Act Dated...

Advisory on Exhibit B3 of SEBI’s Circular dated 29th March 2019 regarding Procedure and formats for limited review / audit report of the listed...

Advisory on Exhibit B3 of SEBI’s Circular dated 29th March 2019 regarding Procedure and formats...

IT Judgement

Capital gains exemption admissible even if assessee didn’t get legal title to land due to pending litigation

Capital gains exemption admissible even if assessee didn't get legal title to land due to...

While a family arrangement/settlement does not amount to a “transfer” u/s2(47) as it only recognizes “pre-existing rights” between the parties, the same applies only...

While a family arrangement/settlement does not amount to a "transfer" u/s2(47) as it only recognizes...

Bogus accommodation entries to be taxed as Income from undisclosed sources under section 68

Bogus accommodation entries to be taxed as Income from undisclosed sources under section 68 Short overview:  Assesssee...

If the character of agricultural land is transformed into an environment-friendly residence at the time of registration of sale deed, it becomes a capital...

If the character of agricultural land is transformed into an environment-friendly residence at the time...

Interesting Issue: Taxation of CA firm on transfer of “Client Relationship and Goodwill” — Whether capital receipt , business income or capital Gain Income...

Interesting Issue: Taxation of CA firm on transfer of "Client Relationship and Goodwill" -- Whether...

Notification

No penalty u/s 271DB if compliance to electronic mode of payment facilities u/s 269SU provided till 31st January 2020: CBDT

No penalty u/s 271DB if compliance to electronic mode of payment facilities u/s 269SU provided...

Amendment in Policy Condition of export of Rice (Basmati and Non -Basmati) to EU member States

Amendment in Policy Condition of export of Rice (Basmati and Non -Basmati) to EU member...

Amendment of rule 10DA and rule 10DB regarding furnishing of information and maintenance of documents by Constituent Entity of an international group

Amendment of rule 10DA and rule 10DB regarding furnishing of information and maintenance of documents...

Compilation and Dissemination of favourable orders passed by the Hon’ble Courts pertaining to GST

Compilation and Dissemination of favourable orders passed by the Hon’ble Courts pertaining to GST

Willingness to fill up posts of Inspectors, Executive Assistant, Steno-Gr I, Head Hawildar, Hawildar and MTS at NACIN, Chennai

Willingness to fill up posts of Inspectors, Executive Assistant, Steno-Gr I, Head Hawildar, Hawildar and...

Press release

UnionBudget – 2020: Proposal to abolish Tax Audit under section 44AB

UnionBudget – 2020: Proposal to abolish Tax Audit under section 44AB   Amidst the struggling economy, there...

Capital gains exemption admissible even if assessee didn’t get legal title to land due to pending litigation

Capital gains exemption admissible even if assessee didn't get legal title to land due to...

Note on Sole Proprietorship

Note on Sole Proprietorship Note on Sole Propritorship (2)

While a family arrangement/settlement does not amount to a “transfer” u/s2(47) as it only recognizes “pre-existing rights” between the parties, the same applies only...

While a family arrangement/settlement does not amount to a "transfer" u/s2(47) as it only recognizes...

Beneficial Interpretation Disallowance u/s 40a(ia) is not attracted if deduction is done in wrong section or if there is a shortfall in deduction

Beneficial Interpretation Disallowance u/s 40a(ia) is not attracted if deduction is done in wrong section...