Day: June 11, 2018
Blind reliance on 26AS Statement to declare income or claim TDS puts you to the risk of income tax notice for concealment and demand for subsequent mismatch of income/TDS or both. I am sure, many of us would have witnessed persons who consider Government machinery as their accountant. …
DVO valuation of property occupied by tenants with court cases going under Rent Control Act set aside by the ITAT as the objections were dealt with by the DVO ABCAUS Case Law Citation ABCAUS 2366 (2018) 06 ITAT The instant appeal was preferred by the assessee against the …
Indian Valuation Standards 2018 issued by ICAI effective for the valuation reports issued on or after 1st July 2018. Indian Valuation Standards 2018 by ICAI The Council of the Institute of Chartered Accountants of India (ICAI) at its 375th meeting has issued the Valuation Standards which as claimed …
Mentioning PAN in place of TAN in TDS challan-Assessee should not be penalized or punished for technical mistakes when there is no loss to Revenue – ITAT ABCAUS Case Law Citation ABCAUS 2365 (2018) 06 ITAT The instant appeal was preferred by the Income Tax Officer (ITO/Assessing Officer) …