• Income Tax

Disallowance u/s 50C can not be made by CPC by adjustment u/s 143(1)- ITAT

3 years ago

Disallowance u/s 50C can not be made by CPC by adjustment u/s 143(1) as it infringes statutory right of objection…

  • Income Tax

No provision to tax difference between value of jewellery declared and jewellery found

3 years ago

There is no provision in the Income Tax Act to tax the difference between value of jewellery declared and jewellery…

  • Income Tax

Deduction u/s 35(2AB) allowed as Form 3CL was issued late by the competent authority

3 years ago

Deduction u/s 35(2AB) allowed as Form 3CL was issued late by the competent authority . Form 3CL issued by competent…

  • Income Tax

FAQ on TCS rates under LRS using International Credit Card for foreign trip expenses

3 years ago

FAQ on applicable TCS rates subsequent to Spending on International Credit Card on foreign trip expenses brought under FEMA Rules…

  • Income Tax

Bitumen not valuable article u/s 69A as it requires large quantity to make it valuable – SC

3 years ago

Bitumen not valuable  article u/s 69A as it requires ownership in large quantity to treat it valuable - Supreme Court…

  • Income Tax

Income Tax ASK helpline closing. See Working Toll Free/Help desk numbers

3 years ago

Income Tax Aaykar Sampark Kendra and its Helpline numbers going to be discontinued. View working Tax Helpline Numbers The the…

  • FEMA

Spending on International Credit Card on foreign trip expenses brought under FEMA Rules

3 years ago

Spending on International Credit Card on foreign trip expenses brought under FEMA Rules As per Rule 5 of the the…

  • Companies Act

Public interest or interest of creditors to weigh in Merger or Amalgamation – MCA Notification

3 years ago

Public interest/interest of creditors to weigh in Merger or Amalgamation between small companies / holding and its subsidiary company -…

  • Income Tax

Power of revision u/s 263 cannot be exercised to collect more taxes – ITAT

3 years ago

Power of revision u/s 263 cannot be exercised to collect more taxes by bringing income within the ambit of Sections…

  • Income Tax

Late fee u/s 234F for delay in filing ITR deleted as CPC erred in due date applicable to partner

3 years ago

Late fee u/s 234F for delay in filing of ITR deleted as CPC erred in considering due date applicable to…