• Income Tax

Transfer u/s 2(47)(v) complete on taking possession of property in part performance of contract

7 years ago

Transfer u/s 2(47)(v) is complete when possession of immovable property taken over in part performance of contract  ABCAUS Case Law…

  • Income Tax

CBDT exempts income of Chhattisgarh Building and Other Construction Workers Welfare Board

7 years ago

CBDT exempts income of Chhattisgarh Building and Other Construction Workers’ Welfare Board MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD…

  • Income Tax

Penalty u/s 271(1)(c) confirmed despite non specific charge in notice

7 years ago

Penalty u/s 271(1)(c) confirmed despite non specifying charge in the notice as assessee not raised it before CIT(A) and changed…

  • Income Tax

No Revision u/s 263 when assessment order was void and did not exist in law

7 years ago

No Revision u/s 263 when assessment order was void and did not exist in law for not following procedure laid…

  • Income Tax

Deity is a juristic person having status of individual, Section 167B not applicable

7 years ago

Deity is a juristic person having status of individual, Tax rates/slabs as applicable to an individual would apply. Section 167B…

  • Excise/Custom

Partial discharge of bonds / Bank Guarantees submitted for gold import in proportion to export made

7 years ago

Partial discharge of bonds / bank guarantees submitted for import of gold in proportion to export made Circular No. 18/2019-Customs…

  • GST

Amendment proposed in GST Laws/Notifications by Union Budget 2019-20.

7 years ago

Amendment proposed in GST Laws by Union Budget 2019-20 Amendments carried out in the Finance Bill, 2019 will come into…

  • Budget 2019-20

Key Highlights of Union Budget 2019-20. 10-point Vision for decade & towards 5 Trillion $ Economy

7 years ago

Key Highlights of Union Budget 2019-20. 10-point Vision for decade & towards 5 Trillion $ Economy The Union Minister for…

  • GST

GST threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs 

7 years ago

GST threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs    GST processes further…

  • Income Tax

Tax rates on income from Rs. 2 cr – 5 cr & Rs. 5 cr & above increased by 3 % and 7 % due to surcharge increase

7 years ago

Tax rates for individuals having taxable income from Rs. 2 cr - 5 cr and Rs. 5 cr & above…