Direct Tax:- CBDT has issued a clarification regarding taxability of the compensation received by the land owner for the land acquired under the right to fair compensation and transpereancy in… Read More
Direct Tax: Gujarat High court held that tax cannot be levied on gain from sale of agricultural land based on intention of buyer to use the land for business purpose. Principal… Read More
UPDATES WITH GST GST COMPLIANCE CALENDAR- JANUARY, 2021 Key Due Dates: 10 Jan 2021 (Sunday) ✓ GSTR-7 for the month of December 2020 (For TDS Deductors under section 51) ✓… Read More
Implementation of NFRA-''a encroachment in independence of ICAI'' ICAI has formed a special group to interact with the Government on a day-to-day basis for the formation of the National Financial… Read More
corporate and professional updates 18th oct 2018 DIRECT TAX Addition on account of un-explained loan - assessee discharged its initial onus to prove the identity of the investor company, its… Read More
corporate and professional updates 15th oct 2018 DIRECT TAX Bombay High court held that reassessment for non-disclosure of bank A/C which was disclosed during the original assessment is invalid. Akshar… Read More
DIRECT TAX CBDT lays down the functionality for processing of Returns having Refund Claims which were not processed within the time allowed u/s 143(1) due to some technical or other… Read More
CORPORATE AND PROFESSIONAL UPDATES 11TH OCT 2018 Direct Tax: ITAT Mumbai held that the Income of the Indian plastic institute from technical lectures, seminars, and workshop is exempt. M/s. Indian Plastics… Read More
corporate and professional updates 9th Oct 2018 Direct tax 244: The Dept should bring some order and discipline to the aspect of granting refunds. All pending refund applications should be… Read More
Corporate and professional updates 8th oct 2018 Direct Tax: Bombay High court held that reassessment for non-disclosure of bank A/C which was disclosed during original assessment is invalid. Akshar Developers Vs… Read More