Startups
Startup Tools for Success in India
Starting a startup is a thrilling journey, especially in India. Its vibrant ecosystem is full of entrepreneurial opportunities. However, to move from idea to...
GST
GST Notices: Types of GST Notices & How to Reply to Them?
In the ever-evolving landscape of taxation, receiving a Goods and Services Tax (GST) notice can be both perplexing and daunting. However, taxpayers can navigate...
Latest Articles
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...
Top News
Is RBI’s latest circular on Crypto currencies a green signal for Legalization/Regularization of crypto currency trading in India?
Legalization/ Regularization of crypto currency trading in India?
Income Tax
A time barred order u/s 263 is bad in law.
Begani Dyeing Mills Pvt.Ltd., Surat v. The Pr.CIT., Surat
Facts of the caseThe case of the assessee was selected for scrutiny through CASS and...
Case Laws
When Assessing Officer admitted the genuineness of transaction in his Remand report, addition cannot be confirmed by CIT(A)
Sh. Mukesh Nanubhai Desai vs ACIT
Facts of the case
Assessee has earned exempt income of Rs. 8,67,79,658/- on account of Long term capital gain on...
Case Laws
Revision u/s 263 cannot be made on a issue which was never a part of the assessment order to be revised.
Nilkanth Developers vs PCIT - 3
Facts of the case
Assessment order u/s. 143(3) was passed
26.03.2013 for A.Y.2010-11 disallowing
deduction claimed u/s. 80IB(10) of Rs.1,25,78,872/-. The...
General
Format of Statutory Auditors Report for FY – 2020-21
INDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF ABC
PRIVATE LIMITED
Report on the Audit of the Financial
Statements
Opinion:
We have audited the accompanying Financial Statements
of ABC PRIVATE LIMITED (“the...
Case Laws
Cash deposited by a client in insurance agent’s bank account is mere remittance.
Ashish N. Vashi vs ITO
Facts of the case The assessee is an insurance agent, he used to collect cash from various parties...
Top News
Attention Taxpayers: New I-T portal to be activated from June 7, existing portal will be unavailable from June 1-6
The Income Tax Department will launch a new income tax filing portal on June 7.
What new income tax makeover aims at?
The new e-filing portal (www.incometax.gov.in) is aimed at...
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