Second Time Correction on critical fields in 26QB Form is now available for Taxpayers on TRACES with respect to tax deducted at source on transfer of Immovable Property exceeding Rs. 50 Lakhs under section 194IA of the Income Tax Act, 1961. Important information on 26QB Correction • Buyers …

Carried forward depreciation set off with short term capital gain u/s 50 is allowed in view of the amended provisions of Section 32(2) wef 01-04-2002- ITAT ABCAUS Case Law Citation: ABCAUS 2035 (2017) (08) ITAT Assessment Year :  2012-13 Important Case Laws Cited/relied upon by the parties: M/s. …

Advances converted into reserves not cessation of liability u/s 41(1). Pre-conditions / Tests to be applied for applicability of the deeming provisions as laid by Supreme Court ABCAUS Case Law Citation: ABCAUS 2034 (2017) (08) HC Assessment Year :  2000-01 Important Case Laws Cited/relied upon by the parties: …

Tax Appeal to High Court-what constitutes Substantial Question of Law ?   The First Appellate Authority under the Income Tax Act, 1961 (the Act) is Commissioner of Income Tax (Appeals) . The second appeal against the order passed by (FAA) lies to the Income Tax Appellate Tribunal (ITAT). …

Last Date for Payment of Gst and Filing of Return for July 2017 Extended By 5 Days to  25th August 2017 by the GST Implementation Committee Press Information Bureau  Government of India Ministry of Finance 19-August-2017 19:18 IST Last Date for Payment of Gst and Filing of Return …

GST Sectoral Series FAQ on IT-ITES containing 26 Questions & Answers by CBEC on queris related to GST on Information technology/IT enabled sectors GST Sectoral Series FAQ on IT-ITES  Question 1: Whether software is regarded as goods or services in GST? Answer: In terms of Schedule II of the …