• Income Tax

ITD strikes again in J&K Region, unearths undisclosed income of approx 55 crores

7 years ago

Income Tax Department strikes again in J&K Region covering 8 premises in Srinagar and 1 each at Bangalore and Delhi. Undisclosed…

  • Income Tax

No addition for bogus purchases where GP rate better than GP for earlier years

7 years ago

No addition warranted for bogus purchases where GP rate was better than the average GP rate declared by assessee for…

  • Income Tax

CBDT reverts back four JCIT to DCIT in view of disciplinary/vigilance cases

7 years ago

CBDT reverts four Joint Commissioners of Income Tax back to their substantive post i.e. DCIT in view of pending disciplinary/vigilance…

  • GST

ITC of GST paid on purchase of motor vehicles for supplying rent-a-cab service not admissible

7 years ago

ITC of GST paid on purchase of motor vehicles for supplying rent-a-cab service not admissible in terms of section 17(5)(b)(i)…

  • GST

Notification on TDS not applicable on exempt supplies under GST provisions–AAR

7 years ago

Notification on TDS under GST provisions not applicable on exempt supplies–AAR. Applicant making exempt supply to Municipal Corporation was not…

  • GST

Transition plan to new GST Return – From Jan, 2020 GSTR-3B to be completely phased out

7 years ago

Transition plan to the new GST Return. From January, 2020 onwards, all taxpayers shall be filing FORM GST RET-01 and FORM GSTR-3B shall…

  • Income Tax

Construction and sale of flats purchasing land amounts to civil construction u/s 44AD

7 years ago

Construction of flats purchasing land amounts to civil construction and profit earned thereon, are eligible for taxation U/s 44AD of…

  • Income Tax

Prior period expenses disallowance deleted as tax rate was same from year to year

7 years ago

Disallowance for prior period expenses deleted by the ITAT as the tax rate was the same from one year to…

  • FCRA

FCRA requires NGOs to compulsory apply online for changes made in office bearers

7 years ago

FCRA requires all NGOs to compulsory file online application for any changes amde in office bearers/key functionaries latest by 6.07.2019…

  • ICAI

CA held guilty of misconduct being engaged in business as director. Director simplicitor explained

7 years ago

CA held guilty of misconduct being engaged in business as director. Difference between director simplicitor and director involved in business…