Clipped from: https://www.taxscan.in/income-tax-return-filed-prior-to-death-of-assesse-shall-be-the-basis-of-computing-loss-of-future-income-of-assesse-for-mact-claim-gujarat-hc/205363/ By Gayathri C.H – On September 19, 2022 9:56 am The High Court of Gujarat has, in a recent appeal filed before it by the parents
No Tax Liability on Compensation received towards Interest cost, Insurance cost, cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT
Clipped from: https://www.taxscan.in/no-tax-liability-on-compensation-received-towards-interest-cost-insurance-cost-cost-of-modification-and-validation-of-the-assets-warranty-restating-etc-itat/194439/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Tax%20Liability%20on By Taxscan Team – On September 23, 2022 1:58 pm The Income Tax Appellate Tribunal (ITAT) Mumbai bench has held that no tax liability on compensation received towards interest cost,
No Cognitive Evidence which proves change in Stock Valuation method: ITAT upholds Order of CIT(A)
Clipped from: https://www.taxscan.in/no-cognitive-evidence-which-proves-change-in-stock-valuation-method-itat-upholds-order-of-cita/206834/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Cognitive%20Evidence By Taxscan Team – On September 23, 2022 6:54 pm The Income Tax Appellate Tribunal (ITAT) Chennai Bench has upheld the order of CIT(A) which deletes
Understanding on TDS under GST
Clipped from: https://taxguru.in/goods-and-service-tax/understanding-tds-gst.html TDS under GST is applicable since 1st October 2018. As per GST Law- Certain categories of registered persons will be require to deduct taxes while
TDS under GST applicable if services not exempt from GST
Clipped from: https://taxguru.in/goods-and-service-tax/tds-gst-applicable-services-exempt-gst.html In re Tukaram Pundalik Borade (GST AAR Maharashtra) The applicant has submitted that the Samaj kalyan Vibhag of the Government of Maharashtra has
Tax Deducted at Source (TDS) | Section 51 | CGST Act 2017
Clipped from: https://taxguru.in/goods-and-service-tax/tax-deducted-at-source-tds-section-51-cgst-act-2017.html Tax Deducted at Source Section 51 of CGST Act (1) As per section 51 of the CGST Act Tds will be deducted by the
AAR explains Requirement of TDS under Section 51 of CGST Act 2017
Clipped from: https://taxguru.in/goods-and-service-tax/aar-explains-requirement-tds-section-51-cgst-act-2017.html In re Udupi Nirmithi Kendra (GST AAR Karnataka) In the first scenario, since the value of the single invoice is more than Rs.2.5
Completion of Assessment in Hand of Company enough to prove Expense incurred for Business, Section 2(22)(e) can’t be invoked: ITAT
Clipped from: https://www.taxscan.in/completion-of-assessment-in-hand-of-company-enough-to-prove-expense-incurred-for-business-section-222e-cant-be-invoked-itat/207098/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Completion%20of%20Assessment By Rasheela Basheer – On September 25, 2022 7:10 pm The Chennai Bench Income Tax Appellate Tribunal (ITAT) held that completion of assessment in the hand
Insurance Premium paid which wasn’t claimed Deduction u/s 80C can’t be taxed: ITAT
Clipped from: https://www.taxscan.in/insurance-premium-paid-which-wasnt-claimed-deduction-u-s-80c-cant-be-taxed-itat/207080/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Insurance%20Premium By Yogitha S. Yogesh – On September 25, 2022 7:13 pm The Bangalore Bench Income Tax Appellate Tribunal (ITAT) ruled that the insurance premium paid which
Business Loss cannot be disallowed as AO has not Rejected Books of Accounts: ITAT
Clipped from: https://www.taxscan.in/business-loss-cannot-be-disallowed-as-ao-has-not-rejected-books-of-accounts-itat/196879/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Business%20Loss By Kalyani B Nair – On September 25, 2022 9:45 pm The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that business loss cannot be disallowed as Assessing Officer has not
Comprehensive Guide on TDS on GST @ 2% (with Examples)
Clipped from: https://www.charteredclub.com/tds-gst/ TDS @ 2% is required to be deducted on payment made to the supplier of taxable goods or services of both where the
Co-op society not liable to deduct TDS under GST: AAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/co-op-society-not-liable-to-deduct-tds-under-gst-aar/article28655967.ece A co-operative society is not liable to deduct tax at source (TDS) from its vendors for supply of taxable goods and services, Rajasthan’s
Satisfaction to be Recorded by the AO before issue of 153C Notice: ITAT
Clipped from: https://www.taxscan.in/satisfaction-to-be-recorded-by-the-ao-before-issue-of-153c-notice-itat/207327/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Satisfaction%20to%20be%20Recorded By Gayathri C.H – On September 26, 2022 4:42 pm The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam Bench, has recently in the appeals filed before
No addition To Be Made When Notice Issued By AO Is Based On Borrowed Satisfaction: ITAT
lipped from: https://www.taxscan.in/no-addition-to-be-made-when-notice-issued-by-ao-is-based-on-borrowed-satisfaction-itat/207383/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Addition By Gayathri C.H – On September 26, 2022 5:53 pm The Income Tax Appellate Tribunal, Ahmedabad, has in a recent appeal filed before it by the assessee,
Information from DIT (I), not to considered as Information from External Source: ITAT
Clipped from: https://www.taxscan.in/information-from-dit-i-not-to-considered-as-information-from-external-source-itat/207379/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Information%20from%20DIT%20(I) By Gayathri C.H – On September 26, 2022 6:05 pm The Income Tax Appellate Tribunal “SMC” Bench, Mumbai, has, in a recent appeal filed by the revenue, held that the
Read: In the dollar we trust
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Read: Death of a borrower
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Read: How Do You Make A Travel Insurance Claim?
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Read: ‘Unprecedented’ damage to Nord Stream 1 stokes sabotage fears in Europe
https://www.financialexpress.com/world-news/unprecedented-damage-to-nord-stream-1-stokes-sabotage-fears-in-europe/2693126/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/BCLQCeXTU7RGKGFTA
What is UPI Lite, who can use, what is the maximum transaction limit
What is UPI Lite, who can use, what is the maximum transaction limit https://economictimes.indiatimes.com/wealth/save/what-is-upi-lite-who-can-use-what-is-the-maximum-transaction-limit/what-is-upi-lite/slideshow/94481609.cms Download Economic Times App to stay updated with Business News –
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