Taxpayer can make good deficiencies in reassessment proceedings
In[2020] 15 ITR-OL 729 (MP) the revenue audit party pointed certain deficiencies in the taxpayers computation as regard claim for…
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Not filing return may trigger notice ......Read More
Yesterday's Issue of notice at email address not in use and one belonging to old CA ......Read More
Yesterday's Issue of notice at email address not in use and one belonging to old CA ......Read More
Reopening qua short deduction of tax on payments to non residents
The disallowance scheme of section 40 come into effect as soon as there is any instance of default in deduction…
......Read MoreHow to make judgement of section applicable for TDS
In the context of payment to retainer/consultants employed by the hospital to work from7.30 a.m. to 5.30 p.m. every day…
......Read MoreSection 80AC held hyper technical, cannot go against the law
Vide ( 2022] 440 ITR 135 (Kar) the assessee withdrew claim for deduction under chapter VIA in revised return but…
......Read MoreCapital subsidy/capital receipt and MAT
Vide (2021] 92 ITR (Trib) 599 (ITAT[Gau]) a capital subsidy is also held to be exempt from mat. In…
......Read MoreProfessional education has charitable character
In the context of income tax law education per se is considered to be charitable in nature. Currently much of…
......Read MoreNon reporting of TDS may invite reopening of assessment
The AO in (2021) 439ITR719 ( Vedanta case) reopened a completed assessment for the sole reason that there is nothing…
......Read MoreWaiver of interest for advance tax payment defaults
Often applications for waivers , revisions, S.197 applications etc are rejected by the Commissioner / CC / PrCIT by citing…
......Read MoreBad debts vs provision for bad and doubtful debts
Income tax law has Explanation 1 to section 36 (1) (vii) by which any bad debt or part thereof written…
......Read MoreEducation cess deduction
The Delhi bench in (2021] 92 ITR (Trib) 434 following decisions of the coordinate benches in different regions like delhi…
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