Sales Promotion expenses allowed based on percentage to sales when such expenses were allowed on similar ratio in preceding year.…
Purchase not bogus merely for non-appearance of supplier Merely non-appearance of the supplier in absence of any other corroborate evidence…
High cash sales during demonetization-more than 60000 persons identified for investigation. All the liable accounts will be brought to tax…
CPC Bengaluru Pincode 560500 for submission of ITR-V etc. As per public notice of Income Tax Department, a unique PINCODE…
54EC deduction for investment made after 6 months allowed when sales consideration was received late.The tax-payer cannot be asked to…
Interim Action Plan for the first Quarter of FY 2017-18 issued by CBDT setting up time frames for various Key…
Notice us 148 not invalid if assessee do not challenge it. Settled law is that if assessee chooses not to…
Unexpired AMC charges not income but advance. Due to refund obligation, the whole income did not accrue at the time…
Tax Exemption to Startups in recent past. Introduction of new section 54EE 54GB 80-IAC. Angel investors funding exemption etc. Tax…
Merchant Navy salary of non-resident in NRE account in Indian Bank not taxable if services rendered outside India on a…