Income Tax
Can Profit Be Taxed Twice on the Same Bogus Purchase?
When books of accounts are accepted, can the Assessing Officer still tax “profit” on alleged bogus purchases again?
In a recent decision, the ITAT Delhi...
Income Tax
Whether the delay of 304 days in filing the appeal deserved to be condoned in absence of any explanation or affidavit ?
In the complex world of appellate tax litigation, time isn’t just a procedural formality it’s often the deciding factor between justice and finality.
The Income...
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Finance
Reforms in Taxability of ESOP’s (Equity Stock Option Plans)
What is an Employee Stock Option Plan (ESOP)?
An employee stock ownership plan (ESOP) is basically a plan given to employee’s wherein subscription to the...
Top News
All you need to know about the Account Aggregators System launched by the RBI
On 2nd September,2021, RBI launched Account
aggregators system, Account Aggregator (AA) network, a financial data-sharing
system that is aimed to revolutionize investing and credit, giving
millions of...
Income Tax
No Tax to be deducted under Section 194A of Income Tax Act,1961 on Scheduled Tribes: CBDT
According to a recent notification by Central Board Of Direct Taxes (CBDT) vide Notification No. 110/2021/F. No. 275/27/2021-IT(B) dated 17.09.2021, no tax shall...
Top News
All you need to know about the Production Linked Incentive Scheme announced for Textile Sector.
Union Cabinet on 08th,September 2021 has approved the Production Linked Scheme for Textiles for MMF (Manmade Fabric) Apparel, MMF Fabrics and 10 segments/ products...
Top News
Are Shipping Aggregators Important for eCommerce Businesses?
Most business owners and professionals
wish to achieve skyrocket sales and exceptional customer service. Do you have a
growing number of orders that are not fulfilled...
Top News
Where the assessee has duly explained the source of income of the parties from whom unsecured loans are...
Mrs. Nirmalaben C. Soni , vs ACIT
Facts of the caseThe assessee is engaged in the business of resale and job...
Startups
All you need to know about the Incubators selected under the Startup India Seed Fund Scheme
Every startup while filling the application for the Startup India Seed Fund Scheme (SISFS) is required to select 3 incubators along with the preferences...
Income Tax
CBDT Announces Extension of Due Dates for various e-filing forms
A big relief to the taxpayers has been provided by the finance ministry to the taxpayers by extending the due dates. It was much...
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