Clipped from: https://taxguru.in/company-law/companies-act-section-1405-nugatory-auditor-resignation-sc.html Union of India and Another Vs Deloitte Haskins and Sells LLP & Anr (Supreme Court of India); Criminal Appeal No. 2305-2307 of 2022;
Author: Anil R Tikotekar
👍👍👍👍👍👍👍Taxation of Alternate Accommodation during Redevelopment
Clipped from: https://taxguru.in/income-tax/taxation-alternate-accommodation-redevelopment.html What is Redevelopment? Redevelopment refers to the process of reconstruction of the premises by demolition of the existing structure and construction of new
👍👍👍👍👍👍👍How to file GST return online
Clipped from: https://taxguru.in/goods-and-service-tax/file-gst-return-online.html Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced
👍👍👍👍👍👍👍Any person registered or desirous of obtaining GST registration can seek Advance Ruling
Clipped from: https://taxguru.in/goods-and-service-tax/person-registered-desirous-obtaining-gst-registration-advance-ruling.html Anmol Industries Limited Vs West Bengal Authority for Advance Ruling (Calcutta High Court) Under the provisions of the Central Goods and Services Tax
Ignoring debit side entries, entire amount of credit entries cannot be added to taxable income
Clipped from: https://taxguru.in/income-tax/ignoring-debit-side-entries-entire-amount-credit-entries-added-taxable-income.html Ajay Kumar Aggarwal Vs ACIT (ITAT Delhi) On careful consideration of rival submission first of all we note that the Assessing Officer is
👍👍👍👍👍👍👍Income Tax Portal Update: Dept adds New Functionality “Download CSI File” for TAN based Payment
Read More: https://www.taxscan.in/income-tax-portal-update-dept-adds-new-functionality-download-csi-file-for-tan-based-payment/274468/ Clipped from: https://www.taxscan.in/income-tax-portal-update-dept-adds-new-functionality-download-csi-file-for-tan-based-payment/274468/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Portal%20Update:%20Dept%20adds%20New%20Functionality%20%22Download%20CSI%20File%22%20for%20TAN%20based%20Payment The Income Tax Department has added a new functionality to the income tax portal to enable downloading Challan Status Inquiry or CSI file
🙏🙏🙏🙏🙏🙏🙏Maharashtra Real Estate Regulatory Authority issues SCN to Chartered Accountant for Violation of Regulations
Clipped from: https://www.taxscan.in/maharashtra-real-estate-regulatory-authority-issues-scn-to-chartered-accountant-for-violation-of-regulations/274420/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Maharashtra%20Real%20Estate%20Regulatory%20Authority%20issues%20SCN%20to%20Chartered%20Accountant%20for%20Violation%20of%20Regulations A Show Cause Notice was sent to a chartered accountant by the Maharashtra Real Estate Regulatory Authority (MahaRERA) for infringing the regulations under the Real
Central Govt brings Transactions by CA, CS and CWA for Clients under the Radar of PMLA Act
Read More: https://www.taxscan.in/central-govt-brings-transactions-by-ca-cs-and-cwa-for-clients-under-the-radar-of-pmla-act/274649/ Clipped from: https://www.taxscan.in/central-govt-brings-transactions-by-ca-cs-and-cwa-for-clients-under-the-radar-of-pmla-act/274649/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Central%20Govt%20brings%20Transactions%20by%20CA,%20CS%20and%20CWA%20for%20Clients%20under%20the%20Radar%20of%20PMLA%20Act The Central Government, through a recent Gazette notification has notified that the financial transactions carried out Chartered Accountants, Company Secretaries and
Advance Amount Forfeited on Cancellation of Sale Agreement is Deductible from the Cost of Acquisition: ITAT
Read More: https://www.taxscan.in/advance-amount-forfeited-on-cancellation-of-sale-agreement-is-deductible-from-the-cost-of-acquisition-itat/274676/ Clipped from: https://www.taxscan.in/advance-amount-forfeited-on-cancellation-of-sale-agreement-is-deductible-from-the-cost-of-acquisition-itat/274676/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Advance%20Amount%20Forfeited%20on%20Cancellation%20of%20Sale%20Agreement%20is%20Deductible%20from%20the%20Cost%20of%20Acquisition:%20ITAT The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that advance amount forfeited on cancellation of
Supreme Court upholds quashing of Income Tax Assessment Proceedings initiated u/s 153C for Lack of Incriminating Evidence
Clipped from: https://www.taxscan.in/supreme-court-upholds-quashing-of-income-tax-assessment-proceedings-initiated-u-s-153c-for-lack-of-incriminating-evidence/274750/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Supreme%20Court%20upholds%20quashing%20of%20Income%20Tax%20Assessment%20Proceedings%20initiated%20u/s%20153C%20for%20Lack%20of%20Incriminating%20Evidence The Supreme Court has recently upheld the quashing of reassessment proceedings by the jurisdictional High Court and dismissed a bunch of appeals of
👍Purchase of Furniture, AC to Make New House Habitable Eligible for Capital Gain Deduction: ITAT
Clipped from: https://www.taxscan.in/purchase-of-furniture-ac-to-make-new-house-habitable-eligible-for-capital-gain-deduction-itat/274719/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Purchase%20of%20Furniture,%20AC%20to%20Make%20New%20House%20Habitable%20Eligible%20for%20Capital%20Gain%20Deduction:%20ITAT The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), recently observed that the purchase of Furniture, Air Conditioner to make new house habitable is eligible for
🙏🙏🙏🙏🙏Cooperative Credit Society Eligible for Income Tax Exemption u/s 80(P)(2) of Income Tax Act: Supreme Court
Clipped from: https://www.taxscan.in/cooperative-credit-society-eligible-for-income-tax-exemption-u-s-80p2-of-income-tax-act-supreme-court/274337/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Cooperative%20Credit%20Society%20Eligible%20for%20Income%20Tax%20Exemption%20u/s%2080(P)(2)%20of%20Income%20Tax%20Act:%20Supreme%20Court In a major decision the Supreme Court of India ruled that the cooperative credit society is eligible for income tax exemption under Section
CGTMSE: Scheme Details, Fee, Loan Eligibility | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-scheme-can-new-firms-get-loans-with-guarantee-cover-under-revised-norms-check-all-detail-here/3069327/ X The government’s Credit Guarantee Fund for Micro and Small Enterprises (CGTMSE) is among the biggest and most prominent initiatives taken to provide
👍Digital MSME lender Indifi crosses Rs 1,500 crore in AUM | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-digital-msme-lender-indifi-crosses-rs-1500-crore-in-aum/3070334/ Credit and Finance for MSMEs: The company said its disbursements grew to more than 68,000 loans amounting to Rs 3,800 crore since its
👍👍👍👍👍👍👍Input Tax Credit in GST: How to claim ITC and other key things to know for small businesses | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-input-tax-credit-in-gst-how-to-claim-itc-and-other-key-things-to-know-for-small-businesses/3070481/ GST Input Tax Credit: According to the Central Board of Indirect Taxes and Customs (CBIC), ITC is a mechanism to avoid the “cascading
👍👍👍👍👍👍👍TDS return online: Here’s all you need to know about TDS and TDS return guidelines; check details | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-tds-return-online-heres-all-you-need-to-know-about-tds-and-tds-return-guidelines-check-details/3071810/ TDS Return File Online: TDS return is a quarterly summary of all TDS transactions including tax collected from payments as well as deposits made
👍👍👍👍👍Microsoft launches dedicated website, helpline number for Indian SMBs to grow digitally; check details | The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-tech-microsoft-launches-dedicated-website-helpline-number-for-indian-smbs-to-grow-digitally-check-details/3071333/ Technology for MSMEs: The ‘digital transformation’ helpline number offers SMBs expert guidance and assistance in leveraging technology solutions, said Microsoft. X Technology for
👍BharatPe acquires controlling stake in SME lender Trillion Loans to boost its merchant lending business | The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-fin-bharatpe-buys-controlling-stake-in-sme-lender-trillion-loans-to-boost-its-merchant-lending-business/3071754/ Credit and finance for MSMEs: BharatPe said Ravindra Pandey (former deputy managing director at SBI and advisor to BharatPe board), Nalin Negi (BharatPe’s
👍Go First Insolvency Resolution: Go First files for voluntary insolvency resolution proceedings before NCLT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/go-first-files-for-voluntary-insolvency-resolution-proceedings/articleshow/99934815.cms Synopsis “Go First deeply regrets the current situation, which has forced it to apply to the NCLT. With Pratt & Whitney failing to