• Income Tax

Appeal should not be dismissed for limitation as delay can be compensated in terms of money

10 months ago

An Appeal should not be thrown away on the ground of limitation as delay can always be compensated in terms…

  • CA CS CMA

NFRA invites applications from CAs/CMA for position of Young Professional on contract basis

10 months ago

NFRA invites applications from CAs/CMA and other professionals for position of Young Professional on contract basis The National Financial Reporting…

  • GST

Manipur Goods & Services Tax (2nd Amendment) Act 2025 gets President’s Assent

10 months ago

Govt has notified the Manipur Goods and Services Tax (Second Amendment) Act, 2025 The Bill was introduced in Lok Sabha…

  • Income Tax

No addition can be made only on basis of Whatsapp Chats between director & employee

10 months ago

No addition can be made only on basis of Whatsapp Chats between director and employee of the company as apart…

  • Income Tax

Wrong penalty section in Assessment order can be rectified being mistake apparent on record

10 months ago

Wrong penalty section mentioned in Assessment order can be rectified being mistake apparent on record when there is no debate…

  • Income Tax

All business Income not qualify for deduction u/s 36(1)(viii) unless derived from long-term finance

10 months ago

Even if a receipt is classified as Business Income u/s 28, it does not automatically qualify for the special deduction…

  • Income Tax

Just because log book not maintained does not mean vehicles used for personal purposes

10 months ago

Just because log book was not maintained does not mean that vehicles were used for personal purposes by the Trustee…

  • Income Tax

No addition can be made on grounds other than reasons to believe recorded u/s 148

10 months ago

Where belief of escapement of income as per reasons recorded fails no other addition can be made by the AO…

  • Income Tax

Date of dispatch of Speed Post of verified ITR-V relevant for determining 30 days period

10 months ago

Date of dispatch of Speed Post of duly verified ITR-V shall be considered for the purpose of determination of 30…

  • Income Tax

Cash deposit before giving unsecured loan-Addition in hands of loan creditor or receiver?

10 months ago

Cash deposited in bank before giving unsecured loan. The addition if at all can be made u/s 69A in the…