Follow Us:

Archive: May, 2023

Posts in May, 2023

How to Set Up a New Multi-Millionaire Company in India

May 21, 2023 2256 Views 0 comment Print

Discover how to set up a multi-millionaire company in India with this comprehensive guide. Learn the steps, legal processes, and key strategies for success in diverse industries.

Role of Directors in Case of Fraud to Cheat Financial Institutions in India

May 21, 2023 4029 Views 0 comment Print

Explore the role of directors in cases of financial frauds in India, covering legal frameworks, liabilities, and proactive measures to avoid legal consequences. Understand the complex landscape and safeguard your interests.

Animation ink to ABCD of G-20: India@2023

May 21, 2023 3045 Views 0 comment Print

Explore the world of G-20 during Indias Presidency in 2023 with Animation ink. Uncover insights, stories, quizzes, and more to enhance your understanding of the global economic landscape.

Disallowance u/s 36(1)(iii) unsustainable as advance given during normal course of business

May 21, 2023 2286 Views 0 comment Print

ACIT Vs Hotel Ishika (ITAT Raipur) ITAT Raipur held that the interest expenditure corresponding to the advances that was given in the normal course of business could not have been disallowed under section 36(1)(iii) of the Income Tax Act. Facts- Post completion of original assessment, as is discernible from record, the A.O on the basis […]

Amount received as consequence of divorce cannot be held as unexplained cash credit u/s 68

May 21, 2023 1110 Views 0 comment Print

ITAT Raipur held that amount received as a consequence of divorce from the ex-husband could not be held as an unexplained cash credit u/s.68 of the Act, and accordingly cannot be brought to tax u/s.115BBE of the Act.

Penalty order passed in the name of death person after death is invalid

May 21, 2023 9267 Views 0 comment Print

ITAT Bangalore held that any proceedings taken against the deceased before his death shall be deemed to have been taken against the legal representative. However, penalty order passed in the name of death person after his death is invalid.

Penalty u/s 271E leviable as reasonable cause for non-complying with section 269T not shown

May 21, 2023 870 Views 0 comment Print

ITAT Raipur held that assessee failed to put forth the reasonable cause because of which provisions of section 269T of the Income Tax Act was not complied. Accordingly, penalty under section 271E of the Income Tax Act leviable.

Exploring Unique Fields for CA Students and Practical Ways to Enroll

May 21, 2023 2868 Views 0 comment Print

Discover unique career opportunities for CA students in India, from data analytics to financial modeling, tax planning, risk assurance, insolvency, and corporate governance. Explore courses and potential income in these specialized fields.

Advance Pricing agreement as a story

May 21, 2023 2304 Views 0 comment Print

Explore the story of a multinational companys journey with Advance Pricing Agreements (APAs), ensuring compliance, transparency, and a harmonious tax relationship.

Income Tax Return: Updated Guidelines for ITR Filing

May 21, 2023 9279 Views 2 comments Print

CBDT notified the ITR-1 and ITR-4 forms. However, it is important to note that the Income Tax Department does not issue online forms for ITR filing. Presently, only Excel support has been made available for ITR-1, ITR-2, and ITR-4 forms.

Search Post by Date
July 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031