Tax implications on gifts received at the occassion of Diwali
Tax implications on gifts received at the occassion of Diwali Balwant Jain Traditionally Deepawali is the major occasion when gifts are given and gifts are...
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NRI expense for business purpose by non-resident bank allowable
NRI expense for business purpose by non-resident bank allowable IN THE INCOME TAX APPELLATE TRIBUNAL The Relevant Text of the Order as follows : 35....
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Section 14A disallowance should be as per Rule 8D Calculation Method
Section 14A disallowance should be as per Rule 8D Calculation Method IN THE INCOME TAX APPELLATE TRIBUNAL The Relevant Text of the Order as follows...
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No cancellation of registration us 12AA(3) since inception in absence of cogent material
No cancellation of registration us 12AA(3) since inception in absence of cogent material IN THE INCOME TAX APPELLATE TRIBUNAL The Relevant Text of the Order...
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CBDT Condone’s delay in filing of Form 10BB for AY 2016-17
CBDT Condone’s delay in filing of Form 10BB for AY 2016-17 Circular No. 19/2020 F.No.197/135/2020-ITA-I Government of India Ministry of Finance Department of Revenue Central...
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Do you have to file your ITR?
Do you have to file your ITR? Balwant Jain Many salaried as well as retired individuals are under the impression that as tax has been...
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Section 153C notice unjustified without recording Satisfaction Note
Section 153C notice unjustified without recording Satisfaction Note IN THE INCOME TAX APPELLATE TRIBUNAL The Relevant Text of the Order as follows : 16. A...
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Section 40A(2)(b) Addition allowed against Expense & not against income
Section 40A(2)(b) Addition allowed against Expense & not against income IN THE INCOME TAX APPELLATE TRIBUNAL The Relevant Text of the Order : 5.1 I...
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Tax and Corporate Compliance Calendar for November 2020
Tax and Corporate Compliance Calendar for November 2020 ABOUT ARTICLE : This article contains various Compliance requirements for the Month of November, 2020 under Statutory...
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AO cannot made additions by ignoring method of accounting
AO cannot made additions by ignoring method of accounting IN THE INCOME TAX APPELLATE TRIBUNAL The Relevant Text of the Order as follows : 6....
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Income from Sale of Land held as Stock is Business Income
Income from Sale of Land held as Stock is Business Income IN THE INCOME TAX APPELLATE TRIBUNAL The Relevant Text of the Order : 19....
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CBDT gives exemption to Abu Dhabi’s sovereign wealth fund MIC Redwood for investments
CBDT gives exemption to Abu Dhabi’s sovereign wealth fund MIC Redwood for investments MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification...