• Income Tax

sale of property distributed on dissolution of partnership firm amounts to capital gain not business income

10 years ago

ITAT, Ahmedabad has held that sale of shops by the assessee which were distributed on dissolution of partnership firm amounts to capital…

  • Income Tax

construction cost amortization of infrastructure facility under BOT project is allowable expenditure

10 years ago

In a recent judgment, ITAT Mumbai has held that as per CBDT circular no. 09 of 2014, construction cost on development…

  • Income Tax

Penalty 271(1)(c) quashed-Assessee forget to declare interest income due to old age

10 years ago

In a recent judgment, ITAT Amritsar has quashed penalty imposed u/s 271(1)(c) for non declaration of bank fixed deposit interest…

  • CA CS CMA

KSCAS petition challenging cost accountants appointment as auditor of co-operative societies dismissed by Karnataka HC

10 years ago

The Karnataka State Chartered Accountant Society (KSCAS) has lost its case against inclusion of Cost Accountants as auditor of State…

  • Income Tax

Application for registration u/s 12A-No pre-requirement to show and establish having undertaken charitable activities before filing such application

10 years ago

In a recent judgment, ITAT Delhi has held that it is not pre-requirement for seeking registration u/s 12A of the…

  • Excise/Custom

CENVAT Credit Rules Amendment 2016. Option of not maintaining separate accounts-6% of value of exempted goods 7% of value of exempted services accounts

10 years ago

CENVAT Credit Rules amendment regarding option to pay tax by the manufacturer of goods or the provider of output service, opting…

  • Income Tax

Unregistered agreement to sell amounts to transfer u/s 2(47) for capital gain purpose

10 years ago

In a recent judgment, ITAT Delhi has held that land possession given and major sales consideration received through unregistered agreement to…

  • NSC KVP

Discontinuation of physical pre-printed NSC and KVP certificates by e-mode

10 years ago

F.No. 1/04/2016-NS.II Government of India Ministry of Finance Department of Economic Affairs (Budget Division) North Block, New Delhi Dated: 1st…

  • Gold Monetisation Scheme

Gold Monetisation Scheme Liberalized to make it more attractive for potential depositors

10 years ago

Gold Monetisation Scheme Liberalized to make it more attractive for potential depositors. Government had launched the Gold Monetisation Scheme (GMS)…

  • Start-ups

Step-wise guide on installation procedure of Startup India mobile application

10 years ago

Step-wise guide on installation procedure of Startup India mobile application Step-1 Check your mobile Android version In your mobile Go…