SIGNIFICANCE OF FORMS INTRODUCED IN MODEL GST LAW
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
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Verdict on Non-competent Fee and Commercial Expediency
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
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
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
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
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
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
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
As the Notes of denominations of Rs 500 and Rs 1000 stand withdrawn from the market, everybody is rushing to the banks to deposit or...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
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
ITAT Amritsar: No Section 269SS Violation for One-Time Cash Payment Before Sub-Registrar 
Tax Officials Unleash Digital Dragnet: How New Raid Powers Redefine Privacy, Property Rights in India and likely to Fuel Corruption 
Income Tax Department Rewards for Reporting Tax Evasion: A Comprehensive Guide 
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged?