Company Law and IBC
No addition can be made in respect of completed assessments if no incriminating material is found during the course of search.
The DCIT Vs. M/s.Creative Trendz Pvt. Ltd.
Facts of the case
The assessee is a company engaged in the business of embroidery of cloth and job work. The assessee filed its Return of...
Finance
Lease Financing Model: Lease Financing as a Viable Business Option
Ever heard of businessmen exploring the idea of using an asset on a rental basis on account of a shortage of finance to buy the asset.
In terms of finance, the term ‘Lease’ is defined...
Income Tax
File Form 10A in 5 Easy steps
Are you an applicant registered under Section 12A and 80G or Section 12AA? (i.e Trust/Societies/Hospitals, etc.). Then you need to obtain fresh registration in the prescribed format under Sec 10(23C) of the Act by...
Income Tax
Solve your Income Tax puzzle with Us!
Have you received any income tax notice so far? Are you the lucky one? or the unlucky one! If yes, next 5 minutes is worth investing your time. A notice issued on you does...
Income Tax
CBDT extends various compliance dates due to Covid-19 Second Wave
In
view of the adverse circumstances arising due to the severe Covid-19 pandemic
and also in view of the several requests received from taxpayers, tax consultants
& other stakeholders from across the country, requesting that various compliance
dates...
Top News
New Penalty provision under section 270A |A blessing in disguise?
Penalty on Concealment of particulars of income or furnishing inaccurate particulars of income has always been a matter of litigation between the department and the assessee.
The scope of such provisions was always a subject...
Income Tax
FAQ’s for seek VC and seek VC adjournment for appearing in e-proceeding.
What is VC?
VC stands for ‘Video Conferencing’. Using the VC facility, an assessee is enabled to express or submit one’s response orally before an Income Tax Authority who has initiated the proceeding and expect the response...
Startups
Virtual CFO Services – A smart choice for newgen
What is Virtual CFO?
Virtual CFO (or vCFO for short) stands for virtual Chief financial officer. A virtual CFO is an outsourced service provider offering high skill assistance in financial requirements of an organization, just like a chief financial...
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