Donations to trusts, charities & NGOs are not just acts of benevolence; they also come with tax exemptions under Section 80G. Analyse how to avail the same in this blog post.
In this article, an attempt has been made to simplify tax provisions on capital gain from the sale of Inherited Property with the help of Illustrations.
CESTAT Mumbai held that order passed without considering evidence relating to availment of depreciation under the Income Tax Act is liable to be quashed.
ITAT Ahmedabad held that merely because the books of accounts have been subjected to tax audit under Section 44AB of the Act and the Auditor had certified the books of accounts to be in order, the contention made by the assessee cannot be stated to be full proof.
NCLAT Delhi held that the Corporate Debtor are mandatorily required to pay security deposit for restoration of high tension electricity connection.
Delhi High Court held that combine reading of provisions of reading of sections 67(2) second proviso, 67(3), 74(2), 74(10) clarifies that seized documents or book of things can be retained for a maximum period of four and half years.
ot only an aggrieved person, but also the Revenue Department may not be in agreement with a decision or an order. In such circumstances, the law provides two mechanisms to the Department: An Application to the Appellate Authority against an adjudication order; the Revision of the decision or order.
Get the key highlights from the 48th GST Council Meeting on 17th December 2022, chaired by Smt. Nirmala Sitharaman. Decriminalization of three offences & rate rationalisation discussed.
Discover the differences between web-based accounting and desktop accounting. Explore benefits like accessibility, cost-effectiveness, automatic updates, collaboration, and enhanced security for small and medium-sized businesses in India.
ITAT Bangalore held that merely for the reason that the assignment agreement is not registered, the actual outflow from the hands of the assessee towards acquisition of the property cannot be ignored for computing the capital gains.
