ICAI Forms Group for suggesting ways and means to resolve Inter Unit Reconciliations Issues under GST Regime
The Institute of Chartered Accountants in India (ICAI) has set up a group for suggesting ways and means to resolve Inter unit reconciliations...
![Sec 50C of Income Tax Act not Applicable to Assessees engaged Real Estate Business, says ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Sec 50C of Income Tax Act not Applicable to Assessees engaged Real Estate Business, says ITAT Delhi [Read Order]")
![S. 110 of Evidence Act is Applicable in Determining Ownership of Gold recovered: Kerala HC confirms Income Tax Addition [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "S. 110 of Evidence Act is Applicable in Determining Ownership of Gold recovered: Kerala HC confirms Income Tax Addition [Read Judgment]")
Contribution to EPF made before the Due Date of Filing of IT Returns, is Allowable as Deduction, says ITAT Kolkata [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that there is no distinction between employees' and employer contribution to PF, and if the total contribution is deposited...
![Contribution to EPF made before the Due Date of Filing of IT Returns, is Allowable as Deduction, says ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Contribution to EPF made before the Due Date of Filing of IT Returns, is Allowable as Deduction, says ITAT Kolkata [Read Order]")
No GST on Contributions upto Rs. 5000 for Sourcing of Goods/ Services from a 3rd person for Common Use: Govt Issues FAQs on supply of services to the Co-operative Society [Read FAQs]
In a set of Frequently Asked Questions (FAQs), the Central Board of Excise and Customs (CBEC) clarified that Goods and Services Tax (GST) will not be levied on reimbursement of charges or share of...
![No GST on Contributions upto Rs. 5000 for Sourcing of Goods/ Services from a 3rd person for Common Use: Govt Issues FAQs on supply of services to the Co-operative Society [Read FAQs]](https://www.taxscan.in/wp-content/uploads/2017/07/GST-FAQs.jpg "No GST on Contributions upto Rs. 5000 for Sourcing of Goods/ Services from a 3rd person for Common Use: Govt Issues FAQs on supply of services to the Co-operative Society [Read FAQs]")
Indian Advance Pricing Agreement regime moves forward with signing of four Advance Pricing Agreements
The Central Board of Direct Taxes (CBDT) has entered into 4 more Advance Pricing Agreements (APAs) during August, 2017. Out of these 4 Agreements, 3 are Unilateral and 1 is a Bilateral. The Bilateral...
Act of Superior Officers Approving AO’s Mistake Amounts to Non-Application of Mind: Delhi HC Quashes Re-assessment [Read Judgment]
While quashing re-assessment proceedings under section 148 of the Income Tax Act, 1961, Justices S Muralidhar and Prathiba M singh had held that when AO committed a mistake and under 151, ADIT and DIT...
![Act of Superior Officers Approving AO’s Mistake Amounts to Non-Application of Mind: Delhi HC Quashes Re-assessment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Assessing-Officer.jpg "Act of Superior Officers Approving AO’s Mistake Amounts to Non-Application of Mind: Delhi HC Quashes Re-assessment [Read Judgment]")
Interest on Voluntary Contributions Earned by a Trust on Instruction of Donor is Eligible for Exemption: Kerala HC [Read Judgment]
A division bench of the Kerala High Court held that a Trust can claim exemption under section 11(1)(d) of the Income Tax Act, 1961 on interest on voluntary contributions earned by it on instruction of...
![Interest on Voluntary Contributions Earned by a Trust on Instruction of Donor is Eligible for Exemption: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Mata-Amrithanandamayi-Math.jpg "Interest on Voluntary Contributions Earned by a Trust on Instruction of Donor is Eligible for Exemption: Kerala HC [Read Judgment]")