• Income Tax

Mere earlier withdrawals no basis for explaining subsequent cash deposited in bank – ITAT

7 years ago

Merely cash withdrawals at one point of time cannot be a sole basis for explaining the cash deposit in future.…

  • Income Tax

Without further examining info from Investigation, AO can not conclude that income escaped assessment

7 years ago

AO should examined return of income and carry out initial investigation before coming to the conclusion that income has escaped…

  • Income Tax

Income Tax on Start Ups-No coercive measures to recover outstanding demand – CBDT

7 years ago

Determination of fair market value of unquoted equity shares of 'Start Up' companies under section 56(2)(viib) of the  Income-tax  Act,…

  • Income Tax

Manual filing application for lower/no TDS/TCS allowed for limited period-CBDT Order

7 years ago

Exception from online filing of application under section 197 and 206C (9) in the cases of NRIs and resident applicants…

  • Income Tax

Not providing certified copy of order, reasonable basis for condonation of delay in filing appeal

7 years ago

Not providing certified copy of penalty order was reasonable basis for seeking condonation of delay in filing the appeal before…

  • DGFT

Online IEC applications-Code to be issued in firm name – DGFT Clarification

7 years ago

Online IEC applications-Code to be issued in firm name. Supporting documents for address Proof of the firm and requirement of…

  • Government

Govt. proposes amendment to IT Act to curb Social Media fake news

7 years ago

Govt. proposes amendment to IT Act to curb Socail Media fake news Draft IT rules issued for public consultation  The…

  • ICAI

Latest initiatives / reforms by ICAI in CA Course and Exam System

7 years ago

Latest initiatives being undertaken by ICAI towards reforms in the CA Course and Examination System The Institute of Chartered Accountants…

  • Income Tax

271(1)(c) Penalty -Unspecified charge in notice can be made good in penalty order

7 years ago

Penalty U/s 271(1)(c)-Unspecified charge in notice can be made good with a clear-cut finding in penalty order - ITAT explains…

  • GST

GST Council 31st meeting -Changes in GST rate on Services/Exemptions

7 years ago

Decisions taken by the GST Council in the 31st meeting held regarding GST rate on services  GST Council in the…