No to Cash Transactions- The Income Tax Way
0
No to Cash Transactions- The Income Tax Way “Cash is King” has been the world known phrase for…
section 80GG
Deduction in Income Tax for Rent paid
Deduction in Income Tax for Rent paid Section 80GG of Income Tax Act 1961 allows the Individuals to a deduction in respect…
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
