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News & Events

ITAT e-filing Portal to go live on 21 June 2021

ITAT has announced that e-filing portal will be launched for filing of appeal before the Income tax appellate tribunal.It has been mentioned that e-filing...

Priya kejriwal - June 12, 2021

Income Tax

A guide to depreciation rates for AY 2021-22

Depreciation is allowed as a deduction under section 32 of the Income Tax Act, 1961. In the computation of taxable income, the depreciation rate...

Priya kejriwal - June 12, 2021

Company Law and IBC

Is Stock Broking Company is a Financial Service Provider Under IBC? | NCLAT to Examine

The National Company Appellate Tribunal (NCLAT), New Delhi has recently agreed to examine a serious question of law i.e. whether a stock broking company...

Priya kejriwal - June 12, 2021

General

Draft Model Tenancy Act – 2020: A major step to streamline the property renting process in India.

After releasing the draft in 2019, the Union Cabinet on 2nd June 2021 approved the Model Tenancy Act (MTA) to streamline the process of...

Sourabh Agarwal - June 11, 2021

Income Tax

Guidelines for compulsory selection of IT Returns for complete scrutiny during the FY 2021-22

The Central Board of Direct Taxes (CBDT) on Thursday issued the Guidelines for compulsory selection of returns for Complete scrutiny during the Financial Year...

Priya kejriwal - June 11, 2021

Case Laws

Where department has accepted repayment of loan in subsequent year, no addition can be made in current year on account of cash credit.

The ACIT Vs. Smt. Anuradha Anilkumar Agarwal Facts of the case Pertaining to Ground 1:The assessee has shown total purchases of Rs.8,27,50,188/- in respect...