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Quantum Jump in Monetary Limit for Appeals !

CBDT has just issued circular no 3/2018 dt 11/07/2018 by which the department has increased limit for filing appeal before ITAT, High Courts and...

Why SLP Dismissal by Supreme Court is Not Always the End of Litigation on...

Recently Supreme Court dismissed an SLP filed by taxpayers in Home Finders Housing Ltd vs ITO Corporate Ward 2(3)  94 taxmann.com 84 (SC) against the judgment...

Cost Inflation Index for FY 2018-19 Notified !

The government has announced cost inflation index for FY 2018-19 at 280 by  issuing Notification No.26/2018/F.No.370142/3/2018-TPL dt 13th June 2018. So the full table...

GST Council : One Monthly GST Return Only by All Except Composition Dealers

GST Council today in its 27th meeting approved principles for filing of new return design based on the recommendations of the Group of Ministers...

What is Missing in CBDT FAQ on LTCG ?

My attention is drawn from the twitter handle of income tax department about the publication of FAQs on changes in long term capital gains...

GST Commissioner Arrested on Bribery Charges

The Goods and Services Tax commissioner from Kanpur and eight others, including three officials, are arrested on Saturday for running an alleged bribery racket in the...

GST Uncertainty in Case of Joint Development Agreement Over Now !

There was great uncertainty about the time of application of GST in case of real estate development under a joint development agreement between the Builder or...

High Court Imposes Fines 50K to 2 Pr.CIT & AO for Frivolous Appeal

For a quite long time, taxpayers are facing the frivolous appeal by Revenue authorities to various High court. This unmindful action by Income Tax...

One Month for Objecting Addition by CPC Banglore for Income Not Reflected in 26AS

While processing the return of income, CPC Banglore shall compute  total income or loss  after making adjustment as per newly entacted section 143(1)(a)(vi) of...

CBDT Circular on Section 269ST Needs Reconsideration !

CBDT has issued circular 27/2017 dt 3/11/2017 wherein three points related to section 40A(3) and 269ST  are clarified . In my opinion , the...