• Income Tax

Interest 234B invalid if TDS deductible on entire income us 195 as there is no failure on the part of the assessee in payment of advance tax-ITAT

10 years ago

Interest 234B invalid if TDS deductible on entire income us 195 as there is no failure on the part of…

  • Income Tax

Rule 8D Amendment CBDT Notification 43/2016. Formula for interest not directly attributable to exempt income deleted. Expenditure claimed set as maximum limit

10 years ago

Rule 8D Amendment CBDT Notification 43/2016. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES…

  • SEBI

SEBI Caution-Unlisted companies luring investors by issuing securities /non-convertible debentures/shares etc. in the garb of private placement

10 years ago

Securities & Exchange Board of India PR No. 109/2016 Caution to the Investors Some unlisted companies are luring retail investors…

  • SEBI

SEBI cautions investors not to invest in schemes offered by entities barred from raising money or not registered with SEBI. List of 100 Companies since 2011

10 years ago

SEBI cautions investors not to invest in schemes offered by entities barred by SEBI from raising money or entities not…

  • Income Tax

AO bound to furnish reopening reasons recorded us 147 within a reasonable time for initiation of reassessment proceedings u/s 147/148

10 years ago

AO bound to furnish reopening reasons recorded us 147 within a reasonable time for initiation of reassessment proceedings u/s 147/148…

  • Income Tax

Addition us 68 remanded back for short time lag between inquiry initiation and conclusion when the evidence was to be produced in just 10 days

10 years ago

Addition us 68 remanded back by ITAT for short time lag between inquiry initiation and conclusion when the evidence was…

  • Income Tax

Gift received from Step Father not taxable us 56(2)(vi) as income from other sources in view of meaning of relatives as per Explanation to section 56(2)

10 years ago

Gift received from Step Father not taxable us 562vi as income from other sources. The Explanation to section 56(2) would indicate…

  • Income Tax

Bad Debts written off as irrecoverable must form part of income. ITAT specifies 6 requisite conditions to be adhered for allowance of bad debts.

10 years ago

Bad Debts written off as irrecoverable must form part of income. The assessee can claim bad debts by just writing off…

  • Income Tax

ICAI coaching income exempt us 11. The institute is an educational institute and its activities falls within the meaning of charitable purpose u/s 2(15)-ITAT

10 years ago

ICAI income exempt us 11. The institute is an educational institute and its coaching activities falls within the meaning of…

  • Income Tax

Rented Building Renovation-Repair Expenses are Current Repairs allowable u/s 30. Accumulated repairs not allowed only when assessee owns building-ITAT

10 years ago

Rented Building Renovation-Repair Expenses are Current Repairs allowable u/s 30. Accumulated repairs not allowed only when assessee owns building, as…