• Income Tax

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

2 weeks 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

2 weeks 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

2 weeks 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

2 weeks 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

2 weeks 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

2 weeks 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

2 weeks 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

2 weeks 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

2 weeks 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?

2 weeks ago

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