ANALYSIS OF SEC 269SS No person shall accept, from any other person, loan, deposit or any specified sum otherwise than by A/c payee cheque, bank draft or use of ECS through a bank account or through such other electronic mode as may be prescribed, if:
Unlock the Benefits of Cashless Business Transactions! Dive into the Amendments in Tax Audit Provisions introduced by the Finance Act, 2020 and 2021. Explore thresholds, conditions, and nuances for a seamless tax compliance journey.
Explore the intricacies of Section 40A(3)/(3A) – Cash Expenditure Restrictions. Understand conditions for disallowance, limits, and exceptions. Stay informed to navigate tax regulations effectively.
Embrace a cashless future! Explore the evolution of money from barter to digital currency. Discover the advantages of cashless transactions, from reducing theft risks to tracking black money and fostering transparent economies. Say no to cash transactions, say yes to a secure financial landscape.
Explore the latest amendments to Form STK-2 for Company name strike off. Learn about the option for resubmission, empowering registrars to call for additional documents. Stay informed about the 15-day time limit for resubmission and other crucial changes.
Unlock the potential of Madhya Pradesh for IT, ITeS & ESDM units. Explore key benefits under the Investment Promotion Policy since 2016. From land rebates to interest and capital subsidies, discover the incentives to boost your startup. Stay informed to make the most of MP’s supportive ecosystem.
PCIT Vs Smart Value Products And Services Ltd. (Himachal Pradesh High Court) In the present case, Appellate Authority as well as the Tribunal have carefully gone through the record of the case and have found that the Assessing Officer had computed monthwise and quarter wise trading account for enhancing the gross profit. The Assessing Officer […]
Vikrant Happy Homes Pvt. Ltd. Vs DCIT (ITAT Pune) Coming to the facts on hands in the present case the fact remains admitted that the sellers from whom the assessee purchased lands were identified the transaction and also acknowledged the cash payments, thereby, it shows the transaction is genuine, as discussed in the foregoing paragraphs […]
PCIT Vs Anmol Stainless Pvt. Ltd. (Calcutta High Court) We find from the order passed by the tribunal that the assessing officer has complied with the direction issued by the CIT(A) and has given effect to the order and no adverse finding has been recorded by the assessing officer and accordingly the addition was deleted. […]
International Agricultural- Processing (P) Ltd. Vs ACIT (ITAT Chennai) Facts- The assessee is engaged in the business of export of processed agricultural produce like gherkins, onions and other vegetables. The assessee company is a 100% Export Oriented Unit and has claimed deduction u/s.10B of the Income Tax Act, 1961 (The Act) from the AY 2000-01. […]
