Clause 44 of Form 3CD Tax Audit Report which required information regarding expenses on the basis of applicability of GST.
ITAT Held that replacement of parts of an existing machinery in the course of their working will be a revenue expenditure.
ITAT Held that addition on the basis of the opening balance of unsecured loan treating the same as current year transaction by invoking section 68 of the Income Tax Act is unsustainable.
Govt clarified on 18% GST on house rent for tenants as follows:- – Renting of residential unit taxable only when it is rented to business entity – No GST when it is rented to private person for personal use – No GST even if proprietor or partner of firm rents residence for personal use Govt […]
ACIT Vs Rohit Bal Designs Pvt. Ltd. (ITAT Delhi) Ld. A.O has committed an error by passing assessment order based on standalone basis despite fact that he had full knowledge of amalgamation while making the addition. The Ld. A.O should have considered the effect of amalgamation more so in view of the specific mandate of […]
Existing Guidelines/Directions issued by the Reserve Bank of India referring to/governing the ‘Outsourcing of Financial Services’ and ‘Recovery Agents’
Income Tax Department carried out a search operation on a Jhansi based group, engaged in the business of civil contract and real estate development.
FSSAI stated that with effect from 1st November 2022, imported food consignments of following food categories as specified in FSS(Food Product Standards & Food Additives) shall be accompanied by a Health Certificate issued by Competent Authority of the exporting country in the prescribed format as attached as Annexure-I with the said Order.
Learn about the risk management process and how to avoid potential pitfalls when claiming a TDS refund. Dont fall into the trap of fake deductions and penalties.
A plain reading of Section 42 (c) of Indian Partnership Act, 1932] implies that subject to the contract to contrary, a firm is dissolved by death of a partner
