Income Tax
Prem Prakash Gupta v. ITO – ITAT Jaipur Ruling on Turnover Definition for Stamp Vendors
Introduction
The concept of turnover under the Income-tax Act often appears straightforward, until it is applied to agency-based businesses. For licensed stamp vendors, where sales...
Income Tax
AI Hallucination in Court: ITAT Recalls Order Over Fake ChatGPT-Generated Case Laws in Buckeye Trust Tax Dispute
A recent tax tribunal order, hastily withdrawn after citing non-existent court judgments, has sparked concerns over the possible use of generative AI—a groundbreaking technology...
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Income Tax
What is faceless tax assessment or e assessments In Income Tax?
A Modern Generation of TRUST, TRANSPARENCY and TAX
“A lot of things would depend on the discretion of assessing officer in manual assessment. We have...
Income Tax
Return filing is not easy anymore!
The government has made many changes in Income Tax Returns and reporting of various details are made compulsory since last two years. Also the...
Company Law and IBC
What is Form ADT 1? Form ADT1 For Appointment Of Auditor
When
a company appoints an auditor, it is obliged to accept the appointment of an
auditor to the Registrar of Companies (ROC) in a specified manner...
Income Tax
Manner of computing disputed tax in cases where loss or unabsorbed depreciation is reduced – Vivad se Vishwas Scheme.
The Direct Tax Vivad se Vishwas Act,
2020 introduced a dispute resolution scheme, which was applicable to all
appeals/petitions filed by the taxpayers or the income...
Income Tax
Date of Allotment to be considered for calculating Holding period even if Date of possession is later.
Capital gain is the profit or gain that is earned from the sale of any capital asset. There are two types of capital gain:...
Company Law and IBC
Compliances after Incorporation of Company:-
1.Bank Account:-
After the incorporation of the company there must be a bank account in the name of the company so that authenticity of each...
Startups
Learn How To Increase Office Productivity
About MERAOFFICE
MERAOFFICE is an online cloud-based platform useful for Professionals to easily manage their office work, clients & staff.
Why MERAOFFICE?
Due to Coronavirus, many people...
Company Law and IBC
What is the E-assessment scheme and the government’s approach for the same?
With the aim to Digitalize India, the Indian government has undertaken various reforms in the Tax department. With the main objective of consistency and...
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