section 54EC

Recent Posts

• Clarification on various issues pertaining to GST treatment of vouchers
• Clarification on Place of supply of Online Services supplied by the suppliers of services to unregistered recipients
• Reassessment under the Income Tax Act should be grounded in solid evidence rather than speculation,
• Failure to exercise professional judgement & perform appropriate audit procedures- NFRA Imposed fine on two more Auditors
• Unauthorized transactions with related parties without the proper approval of Audit Committee, Board and Shareholders: NFRA slapped penalty of Rs. 2 crores on Auditor
• Stamp Duty valuation of 2013 vis a vis 2016: Reopening quashed as income escaping assessment was below Rs. 50 Lakh & the statutory time limit of 3 years has expired.
• Non-filing of Form 10 – Accumulation U/s 11(2) cannot be denied if delay is condoned by appropriate authority
• Whether the power U/s  119(2)(b) allows commissioners to admit a belated Form 9A & condone the delay if assessee provides valid reasons
• Last date for furnishing Belated/Revised return for AY 2024-25 in the case of Resident individuals extended by 15 days – Thanks to Bombay HC
• Extension of the validity of FCRA registration certificates