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Notification No.26/2018 – Income Tax
Notification No.26/2018 – Income Tax MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 13th June 2018 INCOME-TAX S.O. 2413(E).— In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961
Notification No. 25/2018 – Income Tax
Notification No. 25/2018 – Income Tax MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th May 2018 S.O. 2289(E).— It is hereby notified for general information that the organization M/s Indian Institute of Science Education and Research, Kolkata (PAN:-
Notification No. 24/2018- Income Tax
Notification No. 24/2018- Income Tax MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 24th May 2018 INCOME-TAX S.O. 2088(E).—In the exercise of the powers conferred by the clause (ii) of the proviso to clause (viib) of subsection (2) of
Change in Income Tax Return Form – AY 2018-19
Change in Income Tax Return Form – AY 2018-19 Introduction: The Central Board of Direct Taxes (CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19 There is no change in the manner of filing of ITR Forms as compared to
PASSION FOR PROFESSION-2
PASSION FOR PROFESSION-2 A. Due dates for Compliances under GST for the Month of June 2018 10-06-2018- Due date for filing GSTR -1 for the Month of May 2018 – Applicable for taxpayers with Annual Aggregate turnover More than 1.50/- Crore (Rs. One Crore Fifty
Cascading Effects of Assessment U/S 144 for Partnership Firm
Cascading Effects of Assessment U/S 144 for Partnership Firm Assessment under section 144 popularly known as best judgment assessment is an assessment carried out as per the best judgment of the Assessing Officer. Best judgment assessment can only be made at the instance of certain failures
Assessment Quashed When Not Based Upon Notice u/s 153C – Delhi HIGH Court
Assessment Quashed When Not Based Upon Notice u/s 153C – Delhi High Court FeaturedWritten by Anil B. PCIT vs. N.S. SOFTWARE (FIRM) Did the ITAT fall into error in quashing the assessment on the ground that it was not based upon a notice under Section 153C?
Ready Reckoner on Regulatory Aspects of ICAI for Members & CA Firms
Ready Reckoner on Regulatory Aspects of ICAI for Members & CA Firms The Committee for Capacity Building of Members in Practice (CCBMP) is a non-standing Committee of the Institute of Chartered Accountants of India formed under regulatory provisions of Chartered Accountants Act, 1949. Ready Reckoner on
New Business codes under Income Tax
New Business codes under the Income Tax The income tax department of India has issued the new business codes under the Income-tax to be used for filing the returns. These codes are issued with the instruction available for filing the ITR-4 SUGAM. The codes have
Manual Appeal by legal Heir was Dismissed
Manual Appeal by legal Heir was Dismissed The assessee has deceased on 25.10.2011, so his son (legal heir) has filed the appeal. But the appeal was rejected/dismissed by the Appellate authority(Appeal) in the first hearing to the case. The Appellate authority(Appeal) has guided the legal heir
Major Tax relief to Flipkart-
Major Tax relief to Flipkart- Tribunal rules in favour of Flipkart in ₹110 crore tax case The Income Tax Appellate Tribunal (ITAT) has ruled in favour of Flipkart in a ₹110 crore tax demand case. It has rejected the tax department’s argument that discounts given
Independent Auditor’s Report
Independent Auditor’s Report To the Members of M/s. XYZ Private Limited Report on the standalone Financial Statements Opinion We have audited the accompanying Standalone financial statements of M/s. XYZ Private Limited(“the Company”) which comprises the Balance Sheet as at March 31, 2018, the Statement of