Gujarat HC quashes reassessment as there was no failure on part of assessee to disclose material facts
Where Assessing Officer completed assessment of assessee under section 143(3) and later…
Analysis of tax issues arising in Joint Development of Property
Joint development is a popular method of development of property. Here, an owner of…
Subsidy received for repayment of term loans undertakenfor setting up new unit was non-taxable capital receipt
Where assessee received subsidy for repayment of term loans for technology up…
Relaxation of limitation period under Fiscal laws, a bold step towards fighting COVID-19
With COVID-19 cases on the rise in India, the nation has started…
Extension for Annual General Meeting- Does National Company Law Tribunal Have the power?
Annual General Meeting (AGM) a company has to conduct one within a…
MCA-CMS : Way of Dealing
In the year 2019, Ministry of Corporate Affairs has launched new monitoring…
Payment of tax & furnishing of returns for composite registered taxpayers extended
CBIC has extended the date of making payment of self-assessed tax for…
Due date of compliances under GST falling between March 20, 2020 to June 29, 2020 extended to June 30, 2020
CBIC has extended the due dates of compliances such as filing of…
Validity of e-way bill expiring in lockdown period extended to 30th June, 2020
The govt has announced various relief measures in meeting the compliance requirements…
Govt. extends the due date of filing FORM GSTR-3B for the month of May, 2020
Taxpayers having an aggregate turnover of more than Rs. 5 crores in…
Authority to forthwith consider request of uploading ITC-01 which assessee could not upload due to bona fide error
Where assessee could not upload Form GST ITC-01 due to bona fide…
Notifications levying IGST on importer on ‘Ocean Freight’ component are ultra vires to the IGST Act: HC
Notification No. 8/2017-Integrated Tax (Rate), dated 28-6-2017 and Entry 10 of Notification…
Ordinance 2020: New interest rates on delayed payment of taxes
It has been provided in the Ordinance 2020 that any delay in…
ITAT allowed cash exp. incurred at quarry site as there was no banking facility available
Where expenses in cash were incurred by assessee at quarry site, where…
CBDT extends validity of Forms 15G and 15H of FY 2019-20 by 3 months due to outbreak of COVID-19
Due to outbreak of COVID-19, there is severe disruption in the normal…
AO to dispose of application for lower/nil deduction for FY 2019-20 by 27-04-2020 vide e-mail: CBDT
The Central Board of Direct Taxes has clarified that all the pending…
Need to issue clarification for deduction of tax from salaries where employee opts for Section 115BAC
The Finance Act, 2020 has inserted a new section 115BAC giving an…