How to claim a deduction that you forgot to claim in your tax return & time to file a revised return is over?
It happens often that once the time to...
Due Date Under Section 36(1)(va) Same as Section 43B – The Great Divide Among High Courts!
Have you received the intimation of adjustment on account of Audit Report mentioning the delay...
No need to attach “Proof of Withdrawal ” in Form 4 of Vivad se Viswas Scheme!
Have you applied for the settlement of your dispute under The Direct Tax...
If Assessee Files Appeal before Tribunal, Time Limit for Passing Penalty Order Gets Extended!
It happens all the time. The AO passes an order, and you...
Is interest to NBFC in the first year allowable under I.T.Act paid when the Loan used for the purpose of acquiring shares with detailed...
Under the Income Tax Act, section 36(1)(iii) regulates the allowance of deduction of...
10 takeaways from FAQ issued by the CBDT on Vivad se Vishwas Scheme
Lok Sabha passed THE DIRECT TAX VIVAD SE VISHWAS BILL, 2020 and...
Restriction u/s 54F for More than One House Purchase Not Applicable for Adjacent Houses
Section 54 or section 54F of the Income Tax Act deals with the...
Good News For Trust- Delay in Form 10 Condoned for Asst Yr 2017-18
The rule of filing the form 10 or form 9A electronically was...
Tax Planning : One Simple Way to Prevent TDS on Buying Property
Are you planning to buy property -land or flat or building? In that...
From Asst Yr 2017-18, Assessee Can Apply to AO for Immunity from Penalty & Prosecution!
In my previous post 11 New Penalty RulesThat Affect Assessments for AY 2017-18...
11 New Penalty RulesThat Affect Assessments for AY 2017-18
The assessment orders pertaining to assessment year 2017-18...
Huge Relief from Prosecution to Taxpayers
The government is taking a lot of steps in the direction to lessen...
No Benefit of Higher Monetary Limit to LTCG /STCL Tax Evasion Cases
Board has swiftly taken away the benefit of not filing appeal ( withdrawing...
3 Solid Reasons Why Partnership Firm as a Startup is Very Bad Idea!
The Department of Promotion of Industry and Internal Trade (DPIIT) ...
Six Reasons for Scrutiny Selection During FY 2019-20 !
CBDT has issued the parameters for manual selection of returns for Complete scrutiny...
