News

The Cost Inflation index (CII) of FY 2023-24 is 348.

CBDT notifies cost Inflation index of FY 2023-24

Articles

As per one of the FAQ it is not permissible to accept Concurrent Audit of one of Bank branch by Statutory auditor of different branches of same bank.

21 FAQs released by ICAI related to professional ethics of members pertaining to Bank Assignments

The IT department has sent a notice for submitting details related to the transaction of Rs 12.23 crore.

Physically Challenged Small shop owner receives Income Tax Notice of Rs 12 crore

Judgement

Sale below market price/ cost price with intention to create loss is fraud to evade payable taxes: ITAT

The assessee was entitled to claim deduction u/s. 80IA whe certificate in Form no. 10CCB was filed before final order of assessment.

Deduction u/s 80IA cannot be denied merely for non-filing of Form 10CCB along with ITR

Income Tax Department has updated about Cash Transaction Limits under Income Tax Act. what will be the consequences, if the cash amount crossed the particular limit.

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CBDT notifies cost Inflation index of FY 2023-24

21 FAQs released by ICAI related to professional ethics of members pertaining to Bank Assignments

Physically Challenged Small shop owner receives Income Tax Notice of Rs 12 crore

Sale below market price/ cost price with intention to create loss is fraud to evade payable taxes: ITAT

Deduction u/s 80IA cannot be denied merely for non-filing of Form 10CCB along with ITR

Say No to Cash Transactions: Cash Transaction Limits under Income Tax Act