No Reassessment if provision for bad & doubtful debts is disclosed in ITR : HC

By | April 19, 2019

Madras High Court CIT Vs. M/s. Indian Potash Ltd.   Tax Case Appeal No.1363 of 2008 Date of Judgement/Order : 11/09/2018 Related Assessment Year : 1998-99 This appeal filed by the Revenue is directed against the order passed by the Income Tax Appellate Tribunal Bench A, Chennai, in I.T.A.No.2025/Mds/2006, dated 14.03.2008 for the Assessment Year 1998-1999.… Read More »

74 Changes in Income Tax Return 2019

By | April 19, 2019

Changes in Income Tax Return 2019 The Central Board of Direct Taxes (CBDT) has notified the Income-tax Return (ITR) Forms applicable for the Assessment Year 2019-20. These ITR Forms will be applicable for filing of income-tax return in respect of income earned during the previous year 2018-19 (between 01-04-2018 to 31-03-2019). The new forms incorporate… Read More »

Who has to file Income Tax return online for AY 2019-20 (FY 2018-19)

By | April 19, 2019

File Income Tax return electronically for Assessment Year 2019-20 (FY 2018-19) For the Assessment Year 2019-20 (FY 2018-19), every taxpayer has to file the income-tax return electronically except a super senior citizen (whose age is 80 years or above during the previous year 2018-19) who furnishes the return either in ITR-1 or ITR-4. The option… Read More »

No disallowance if TDS not deducted on Freight charges and payee shown income in ITR : ITAT

By | April 19, 2019

ITAT Kolkata Modern Impex Vs Assistant Commissioner of Income-tax   I.T.A. No. 755/Kol/2018 Date of Judgement : 27/03/2019 Related Assessment Year : 2012-13 FULL TEXT OF THE ITAT JUDGEMENT This is an appeal preferred by the assessee against the order of Ld. CIT(A)-9, Kolkata dated 23.03.2018 for AY 2012-13. 2. Ground nos. 1 and 6 are general… Read More »

Rule 12 of Income Tax Rules from 1st April 2019 for ITR of AY 2019-20

By | April 19, 2019

Rule 12 of Income Tax Rules TaxHeal Team has compiled the Rule 12 of Income Tax Rules based on the latest amendment in rule 12 vide Notification No. 32/2019-Income Tax Dated 01/04/2019 .Changes are Marked in Red Color. Rule 12 of Income Tax Rules as applicable from 01st April 2019 i.e. for Income Tax Return… Read More »

ITR 1 Sahaj AY 2019-20 (FY 2018-19) New Rules & Changes

By | April 19, 2019

ITR 1 Sahaj AY 2019-20 (FY 2018-19) New Rules & Changes: आयकर रिटर्न फॉर्म ITR 1 सहज Related post Income Tax Return FY 2018-19 (AY 2019-20 ) Who has to file Income Tax return online for AY 2019-20 (FY 2018-19) ITR 3 AY 2019 -20 Business Income Tax Return Big Changes : Video ITR 2… Read More »

Delay in filing Appeal due to fault of CA condoned : ITAT

By | April 19, 2019

From time to time assessee was in touch with his CA, however, on 27.05.2018 when the assessee visited the office of the CA, he was informed that CA has expressed his inability to file the second appeal as he was not much conversant with the Tribunal matters. Thereafter, the assessee took steps and engaged different… Read More »

GST Manual with GST Law Guide & Digest of Landmark Rulings (11th Edition April 2019 ) Taxmann

By | April 19, 2019

GST Manual with GST Law Guide & Digest of Landmark Rulings(Set of 2 Volumes) (Revised & Reprint 11th Edition April 2019) Product description Volume 1 : Incorporating : GST Law Guide (A Comprehensive Guide to GST Laws) Annotated Text of CGST Act 2017/IGST Act 2017/UGST Act 2017/ GST (Compensation to States) Act 2017 Annotation under each… Read More »

GST on Works Contrac -With New GST Scheme for Real Estate/Construction Sector (4th Edition April 2019) Taxmann

By | April 19, 2019

GST on Works Contract & Other Construction/EPC Contracts-With New GST Scheme for Real Estate/Construction Sector (4th Edition April 2019) Description Incorporating :  Immovable Property & Works Contract  Composite /Mixed Supply & Works Contract Input Tax Credit & Works Contract  Latest Advance Rulings including Solar Projects related Developments ‘Free of Cost’ Supplies  Security Deposits / Advances … Read More »