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Rent from Letting Out Industrial Undertaking not eligible for Deduction: ITAT [Read Order]

Rent from Letting Out Industrial Undertaking not eligible for Deduction: ITAT [Read Order]

Taxscan Team
No Mandatory Training for Renewal of CoP to Cost Accountants: ICMAI amends Notification

No Mandatory Training for Renewal of CoP to Cost Accountants: ICMAI amends Notification

Taxscan Team
GST Council to meet Next Week to form Realty Rules

GST Council to meet Next Week to form Realty Rules

Taxscan Team
ICAI postpones CA Exams Scheduled in May 2019

ICAI postpones CA Exams Scheduled in May 2019

Taxscan Team

CBDT asks Income Tax Dept to withdraw Appeals by March-end

As part of Government’s policy to reduce tax litigations, the Central Board of Direct Taxes ( CBDT ) has directed the income tax department to withdraw all appeal cases, pertaining to certain monetary...

CBDT asks Income Tax Dept to withdraw Appeals by March-end
Taxscan Team

Intra-State Suppliers of Goods / Services shall issue Tax Invoice under Composition Scheme [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) has issued an order clarifying that the intra-State suppliers of goods and services to whom the composition scheme is extended shall issue a tax...

Intra-State Suppliers of Goods / Services shall issue Tax Invoice under Composition Scheme [Read Notification]
Taxscan Team

GST: Companies with High Input Tax Claims under Tax Scanner

In a bid to curb tax evasion, the Central Government has initiated an investigation on the companies who claimed  high input tax credit under the GST rgeime. With this, the businesses using using...

GST: Companies with High Input Tax Claims under Tax Scanner
Taxscan Team

Bombay HC rules against Multi Commodity Exchange of India affirming Special Audit [Read Judgment]

The Bombay High Court in the case of Multi Commodity Exchange of India v. DCIT by its Bench constituting of Justices Akil Kureshi and B.P. Colabawalla held that for the assessment years 2010-11 and...

Bombay HC rules against Multi Commodity Exchange of India affirming Special Audit [Read Judgment]
Taxscan Team

ITAT confirms Additions against Magician Gopinath Muthukad [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin bench, while allowing a departmental appeal against Magician Gopinath Muthukad, has held that the deduction under section 80 RR was allowable on the...

ITAT confirms Additions against Magician Gopinath Muthukad [Read Order]
Taxscan Team

No GST on TCS levied on Goods: CBIC [Read Circular]

The Central Board of Indirect Taxes (CBIC) has clarified that Goods and Services Taxes ( GST) would not be applicable on Tax Collection at Source ( TCS ) levied on Goods. In a clarification circular...

No GST on TCS levied on Goods: CBIC [Read Circular]
Taxscan Team

Angel Tax Relief for Start-Ups applicable from 19th February: CBDT

The Central Board of Direct Taxes (CBDT) has said that the angel tax relief for startups facing tax demands for selling shares at a premium to their fair market value will be effective from 19...

Angel Tax Relief for Start-Ups applicable from 19th February: CBDT
Taxscan Team

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