Corporate And Professional Update For the Day: DIRECT TAX: Registration u/s 12AA cannot be denied on town planning activities continuing from earlier years.[ ITO vs. Moradabad Development Authority (ITAT Delhi)].… Read More
Professional Update For the Day: DIRECT TAX: Income Tax : The initiation of the proceedings u/s 153C in the absence of recording of the satisfaction by the AO of the… Read More
TODAY HAS RELEASED THE MODEL GST LAW Finance Minister Arun Jaitley, after the meeting of Empowered Committee of State Finance Ministers, has said, “So far, every state has given its… Read More
The Income Tax Department has released the Cost Inflation Index for Financial Year 2020-21 and 2021-22 The purchasing power of money (the amount of products that one unit of money… Read More
Professional Update For the Day: DIRECT TAX: Income Tax : Fresh claim of deduction u/s 80G in respect of donations allowed by CIT (A) - the restriction laid down in… Read More
Professional Update For the Day: DIRECT TAX: Income Tax : Claim to write off on account of advance disallowed - year in which bad-debts crystallized - mercantile system of accounting -… Read More
Professional Update For the Day Direct Tax: CBDT Clarification regarding no cancellation of registration u/s 12AA in certain circumstances: CBDT issues beneficial circular No. 21/2016 dt. 27 May 2016, clarifies… Read More
Professional Update For the Day: DIRECT TAX: Income Tax: Delhi HC allows assessee’s writ & quashes assessment u/s 143(3) read with Sec 144C for AY 2009-10, presumes that order was not… Read More
Professional Update For the Day: DIRECT TAX: Income Tax: Disallowance of profit in the sale of agriculture land - whether the transaction in property by assessee-company should not be treated… Read More
Direct Tax: Professional Update For the Day: Domestic black money to be declared to jurisdictional principal CIT or CIT: CBDT clarifies No disallowance could be made on estimated basis without… Read More