Mere categorisation of land as agricultural in revenue records not suffice for capital gain exemption. Whether a land is agricultural…
Addition made in computation of income comes under Explanation 1(B) of Section 271(1) related to concealment penalty under the Income…
Changes in GST rates on services as per 25th GST Council Meeting. Exemptions, ITC Eligibility Criteria, Rationalization etc. Recommendations made…
Late fee for GSTR-1 5 5A reduced. date for filing GST REG-29 for cancellation of registration extended. Policy Changes recommended…
Recommendations for Changes In GST/IGST Rate and Clarifications in Respect of GST Rate on Certain Goods -As per discussions held…
Highlights of decisions taken at 25th meeting of GST Council held on 18th January 2018 at New Delhi As per…
ICAI to identify non-performing employees ICAI has constituted a Group to study how Government Departments deal with non-performing employees and…
Provision for interest on overdue fixed deposits was ascertained liability as the assessee was able to identify it when it…
Specifying limb of penalty section 271(1)(c) arises only when addition is made by the AO and not where assessee surrenders…
Timeline for new company incorporation and name reservation forms. Date of discontinuance of old forms INC-1 and INC-7 and dates…