Capital Gain
Property Used for Religious Purpose Barred from Sec. 54F Relief – ITAT
Property Used for Religious Purpose Ineligible for Sec. 54F Relief - ITAT
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Capital Gain
ITAT Revokes Penalty-Tax Officer rejected TaxPayers Explanation merely on Suspicion
In a case where the taxpayer received an unsecured loan of Rs. 6.38 lakhs from a party and claimed that during the year, they had sold goods amounting to Rs....
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Income Tax Act 1961
Firm Not Required to Charge Interest/Salary per Partnership Deed: ITAT Surat
Firm Not Required to Charge Interest/Salary per Partnership Deed: ITAT Surat
Read MoreNo Action on GST SCN During Review Application – Bombay High Court
The Bombay High Court has recently addressed a case involving the Goods and Services Tax (GST) where the court had previously directed the authorities to issue a refund to the...
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Central Board Of Indirect Taxes & Customs
CBIC Extends Deadline for Section 73 Orders for FY 2018-19 & 2019-20
SECTION 168A, READ WITH SECTION 73 OF THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – POWER OF GOVERNMENT TO EXTEND TIME LIMIT IN SPECIAL CIRCUMSTANCES – EXTENSION OF TIME...
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Audit Trail
Audit Trail Requirement in Corporate Accounting in India
IntroductionThe Ministry of Corporate Affairs (MCA), through its notification dated March 24, 2021, amended the Companies (Audit and Auditors) Rules, 2014. This amendment, specifically to Rule 11, introduced the concept...
Read More“High Court Approves Delay in ITR Filing Due to COVID
Income Tax: In the instance where the assessee, a hospital, requested a refund of Tax Deducted at Source (TDS) and simultaneously applied for the condonation of a 26-day delay in...
Read MoreCIT(A) cannot upheld AO’s order without evaluating merits of case : ITAT
INCOME TAX : Where assessee’s appeal against addition made by Assessing Officer under section 56(2)(x)(b) was dismissed by Commissioner (Appeals) without giving any detailed reason, in view of fact that...
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Global Tax Updates
Global Tax Updates: Key International Tax Developments
In this World Tax updates, we delve into detailed updates from the international tax arena, highlighting three major developments: 1. Netherlands Releases Detailed Guide on Implementing Pillar 2 Global Minimum...
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Income Tax Act 1961
क्या करें क्या न करें – Do’s & Dont’s For Safe Banking
क्या करें क्या न करें - Do's & Dont's For Safe Banking
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