As we all are aware that the due date of TDS return filing is coming closer for 3rd Quarter i.e. 31st January, 2020 for FY 2019-20. Hence this article is kind of reminder for all taxpayers to be compliant this time towards filing of return within due date to avoid unnecessary interest and late fees. […]
It can be fairly concluded from the above judicial pronouncements that the receivable mentioned in the Explanation to Sec.92B can be taken up for transfer pricing scrutiny only when it is a standalone activity or a demonstrated approach is adopted by the assessee to use Accounts Receivable to have free working capital funding.
Mr. Abheek Barua, Chief Economist, HDFC Bank Ltd. HDFC Banks Treasury has recently come up with a Report on Union Budget 2020-21. In this report take a look on how the fiscal math is likely to unfold this year and what can be expected from the 2020-21 budget. ♠ In our opinion the 2020-21 budget […]
Time For Full/Good Knowledge Of Laws For Tax Practitioners, Chartered Accountants In Order To Save Themselves And Doing Work Of Clients As Per Legal Provisions
E-invoicing is going through the phase of evolution in India. As an upcoming reform, e-invoicing is likely to impact the suppliers (having turnover above INR 100 crore) as well as registered buyers (as they will have to ensure that they are receiving from the supplier e-invoices, if applicable). E-invoicing not only is a legal change but […]
PCIT Vs Arvind N Nopany (Gujarat High Court) The issue under consideration is whether the gift received from Brother-in-law is exempt u/s 56(2) of I T Act? High Court states that, the tribunal took into consideration the details of the donor, more particularly, the PAN number, capital gain statement, bank statements and the other relevant […]
Section 69 does not provide any guideline about the extent and length of the discretionary power given to AO in the matter of treating the investment as income which is unexplained or unsatisfactorily explained by the investor-assessee. Therefore, Assessing Officer is expected to appreciate the reasonable explanation offered to him, the evidences produced before him about the nature and source of investment and he can not make the addition merely on surmises, conjectures as well as without any supporting evidences. (Ashok Kumar Rastogi V CIT (1991) 100 CTR 204.)
The issue under consideration is whether the respondent was justified in directing the petitioner to reverse the input tax credit availed on capital goods in excess of 4% vide the impugned order?
This article will cover details regarding Pradhan Mantri Awas Yojana (PMAY). Further, also cover subsidy rate, maximum loan amount and other details regarding this scheme such as how to avail loan under this scheme and how this scheme works, income tax benefits for home loan. Are you looking for a home loan? If yes, then […]
Cut-off date for conversion from Final (Old) Course under the Earlier Scheme of Education and Training to the Revised Scheme of Education and Training to appear for May, 2020 Final (New) Examination, Foundation Examination and Intermediate (New) Examination. Announcement Cut-off date for conversion from Final (Old) Course under the Earlier Scheme of Education and Training […]
