Manager

SIGNIFICANCE OF FORMS INTRODUCED IN MODEL GST LAW 3 min read

• GST

SIGNIFICANCE OF FORMS INTRODUCED IN MODEL GST LAW

Manager 8 years ago

The Indirect taxation regime in India is undergoing a new age reconstruction. It is witnessing the ultimate marriage of Centre and State tax laws to... Read More

Verdict on Non-competent Fee and Commercial Expediency 2 min read

• Income Tax

Verdict on Non-competent Fee and Commercial Expediency

Manager 8 years ago

Ind. Global Corporate Finance Pvt. Ltd. was given a verdict by the Mumbai Bench of Income tax appellate regarding the non-competent fee paid by the... Read More

No addition under section 68 if one can prove the authenticity of a transaction 4 min read

• Income Tax

No addition under section 68 if one can prove the authenticity of a transaction

Manager 8 years ago

Prove Authenticity of Transaction to avoid Addition under Section 68 The Delhi High Court in the case of Commissioner of Income Tax vs. Gangeshwari Metal... Read More

An assessee cannot be deprived of credit for TDS due to any anomaly in Form 26AS filed by his deductor 2 min read

• Income Tax

An assessee cannot be deprived of credit for TDS due to any anomaly in Form 26AS filed by his deductor

Manager 8 years ago

Anomaly in Form 26AS by Deductor- Assessee Cannot be denied Credit of TDS It has been recently held in the case of LSG Sky Chef... Read More

What are the criteria for scrutiny under Income Tax for Assessment Year 2014-15 2 min read

• Income Tax

What are the criteria for scrutiny under Income Tax for Assessment Year 2014-15

Manager 8 years ago

Criteria for scrutiny under Income Tax Every year, CBDT Notifies Criteria for scrutiny under Income Tax which are picked up for scrutiny. Similarly such guidelines have... Read More

Currency Demonetization- Common Queries- Myths – How to declare the money being deposited- Notices by Assessing Officers and Dangers Ahead 7 min read

• Income Tax

Currency Demonetization- Common Queries- Myths – How to declare the money being deposited- Notices by Assessing Officers and Dangers Ahead

Manager 8 years ago

In the coming weeks, Property values are expected to crash due to likely hood of Government coming down heavily on Benami Property deals, on Jewelers... Read More

Examining the Taxability of Free Supplies under GST 11 min read

• GST

Examining the Taxability of Free Supplies under GST

Manager 8 years ago

Free Supplies are goods and services supplies free of cost i.e. nothing in return apparently. They all say free supplies are taxable under GST Act(s)... Read More

Were influential People aware of the Currency Ban coming 1 min read

• Income Tax

Were influential People aware of the Currency Ban coming

Manager 8 years ago

It appears that some powerful and influential people were aware of the currency ban coming See following report, of BJP having deposited large amount of... Read More

Beware of the myth – deposit of Rs 2.5 lacs Cash in Bank Account may not be safe 3 min read

• Income Tax

Beware of the myth – deposit of Rs 2.5 lacs Cash in Bank Account may not be safe

Manager 8 years ago 7

As the Notes of denominations of Rs 500 and Rs 1000 stand withdrawn from the market, everybody is rushing to the banks to deposit or... Read More

Withdrawal of Rs 500 and Rs 1000 Currency Notes- understand consequences of exchanging with fresh currency 6 min read

• Income Tax

Withdrawal of Rs 500 and Rs 1000 Currency Notes- understand consequences of exchanging with fresh currency

Manager 8 years ago

Withdrawal of currency notes of Rs 500 and Rs 1000 from circulation can have serious impact on some assesses. The scheme of withdrawal of these... Read More