No Benefit of Higher Monetary Limit to LTCG /STCL Tax Evasion Cases
Board has swiftly taken away the benefit of not filing appeal ( withdrawing the cases) based on the higher monetary limit fixed...
3 Solid Reasons Why Partnership Firm as a Startup is Very Bad Idea!
The Department of Promotion of Industry and Internal Trade (DPIIT) notification on startup clearly provides what type of business...
Six Reasons for Scrutiny Selection During FY 2019-20 !
CBDT has issued the parameters for manual selection of returns for Complete scrutiny during the financial year 2019. A perusal of the...
Startup Grievance Cell Constituted!
Good news for startups ! As promised by Hon'ble Finance Minister one week earlier , the CBDT today announced a grievance cell...
8 Types of Cash Transactions That Invite Penalty!
The cumulative effect of all the changes in tax laws and rules since the announcement of demonetization by Hon'ble PM is that...
Why All Startups Can’t Claim Tax Benefit?
In other words, all startups are not eligible for claiming benefits -be it non-application of angel tax or 100% tax deduction under...
Even If CPC Banglore Declared Your Return Invalid u/s 139(9) , You Can Still...
These days , CPC Banglore is issuing notices under section 139(9) of the Income Tax Act for cure of various defects in the tax...
No Manual Tax Notice from 1st October 2019
CBDT has issued a circular 19/2019 dated 14.08.2019 that no communication shall be issued by any income-tax authority relating to assessment, appeals, orders,...
Sec. 148 or 143(2) Notice On Amalgamating Company, Dead Entity & Person Void Ab...
I have written in past, at least two articles, on the issue whether a notice issued on a person who is no...
Quantum Jump in Appeal Monetary Limit!
In a major relaxation, CBDT has issued Circular 17/2019 dated 8/08/2019 to further extend the monetary limit to file an appeal by...