• Income Tax

TDS u/s 194IC is applicable for payment under JDA to transferor holding leasehold rights

2 months ago

TDS u/s 194IC is applicable for payment under JDA to transferor of land and building holding leasehold rights and not…

  • Income Tax

On invoking Section 69A burden of proof lies on AO to establish source of unexplained money

2 months ago

When the provisions of Section 69A are invoked burden of proof lies on the AO to establish source of unexplained…

  • Income Tax

When order u/s 263 is quashed, assessment order u/s 143(3) r.w.s. 263 has no legs to stand

2 months ago

When order u/s 263 is quashed, assessment order passed u/s 143(3) r.w.s. 263 has no legs to stand In a…

  • Income Tax

When interest income offered on accrual basis, TDS on maturity can not be disallowed

2 months ago

When assessee offered income on accrual basis over the years, claim of TDS deducted on maturity of bond can not…

  • GST

CBI arrested Superintendent and Inspector of CGST for demanding bribe for registration 

2 months ago

CBI arrests Superintendent and Inspector of CGST for demanding bribe for GST registration  The Central Bureau of Investigation (CBI) has…

  • SEBI

SEBI rationalizes & standardises penalties on stock brokers by stock exchanges

2 months ago

SEBI rationalizes and standardizes the penalty framework for levying penalties on stock brokers by stock exchanges. In the current penalty…

  • Income Tax

Writing Yes, I am convinced, it is a fit case for re-opening held a valid approval

2 months ago

Writing “Yes, I am convinced it is a fit case for re-opening the assessment u/s 147 by issuing notice u/s…

  • Income Tax

Notice u/s 148 issued by JAO and not FAO quashed. Gujarat High Court view disapproved.

2 months ago

Rajasthan High Court quashes notice u/s 148 issued by JAO and not by FAO expressing disagreement with Gujarat High Court…

  • Excise/Custom

Auto Approval of Incentive Bank Account and IFSC Code Registration requests for IEC

2 months ago

Auto Approval of Incentive Bank Account and IFSC Code Registration requests for IEC CBIC announces auto-approval of Incentive Bank Account…

  • Insurance

Owner of vehicle not expected to verify driver’s licence to know if the licence is fake or not.

2 months ago

Owner of vehicle not expected to verify driver’s licence to know if the licence is fake or not. Owner of…