Table of Contents Issuance of notice u/s 131 (1A) of the Income Tax Act 1961 after the conclusion of Income Tax Search and Seizure u/s 132 of the Income Tax Act 1961 – Legal ParadoxIntroduction:Section 131(1) and Section 131(1A) — Distinction and controversy:Post search inquiryLegal
Table of Contents Case Covered:Facts of the Case:Observations of the Court:The Decision of the Court:Read & Download the full Decision in pdf: Case Covered: Madhav Motors Versus State Tax officer Facts of the Case: The petitioner is a dealer in automobiles and was registered as
Table of Contents Case Covered:Facts of the Case:Observation of the Court:The Decision of the Court:Read & Download the full Decision in pdf: Case Covered: M/s. Magma Fincorp Limited Versus State of Telangana Facts of the Case: Challenging the rejection of transitional relief in terms of
Table of Contents Section 44AD – Presumptive Taxation for small businessesApplicability of Section 44AD – Presumptive TaxationIncome Computation & Applicable RatesDeduction of other expenditureSection – 44AD(4)Liability to Pay Advance Tax Section 44AD – Presumptive Taxation for small businesses Section 44AD – Presumptive Taxation for small businesses.This
Table of Contents Presumptive Taxation for small professionals – Section 44ADAApplicabilityAmount Deemed as PGBP IncomeDeductibility of Other ExpenditureLiability to Pay Advance Tax Presumptive Taxation for small professionals – Section 44ADA SPECIAL PROVISION FOR COMPUTING PROFITS AND GAINS OF PROFESSION Applicability Section 44ADA shall apply if
Regarding furnishing of Quarterly TCS statement in Form No. 27EQ u/s 206C(3) of the Income Tax Act, 1961 & Rule 31AA of Income Tax Rules, 1962 for the financial year 2020-21 1. Section 206C(3) of the Income Tax Act, 1961 provides that any person collecting
Table of Contents QR – 68 No Extension for Form No. 26QB, 26QC & 26QDTDS u/s 194-IATDS u/s 194-IBTDS u/s 194MDisclaimer: QR – 68 No Extension for Form No. 26QB, 26QC & 26QD Regarding furnishing of monthly Challan-cum-TDS statements in Form No. 26QB, 26QC and
QR – 67 {One must know Choti Choti Baten about the tax law} Regarding furnishing of Quarterly TDS statements in Form No. 24Q, 26Q and 27Q u/s 200(3) of the Income Tax Act, 1961 & Rule 31A of Income Tax Rules, 1962 for the financial
Important Announcement Amid the current situation arising out of Covid-19, it is observed that some of the students, Articled Assistants, Members & Firms are still facing difficulties in online filing of prescribed application Forms for various activities due to unfavorable situation. Further, delay in submission
Table of Contents Case Covered:Facts of the Case:Observations of the Court:The decision of the Court:Read & Download the full Decision in pdf: Case Covered: KLT Automotive and Tubular Products Limited Versus Union of India Facts of the Case: Though the writ petition was hotly contested
