CA Sunil Arora
MSME units make a major contribution towards the economy and for generation of employment in our country. The legislature brought into the statute Micro-Small and Medium Enterprise Development Act, 20 ........ View More
Ascertaining Indexed Cost of Acquisition where payment has been made in instalments. Acquisition of properties have over the years changed to a format wherein the buyer enters into an agreement to ........ View More
There are provisions for payment of interest to the assessee in case any tax paid by him is to be refunded due to any reason. The necessary provisions with respect to the interest paid by the revenue ........ View More
CA Saurav Jha
GST portal enabled for filing transitional ITC with effect from 1 October 2022 for 2 months up to 30th November 2022 for filing of TRAN-1 and TRAN-2 return as per the Hon’ble Supreme Court directions. ........ View More
Blog by CA Sunil Arora on Section 132 : Reasons to believe. A search under the provisions of the Income tax Act, 1961 is a serious invasion in the privacy of a person. Those of us who have not exper ........ View More
1. Law with respect to Assessment of search cases has been amended by the Finance Act, 2021. A sunset clause has been introduced in sub-section(1) of Section 153A of the Act, whereby the provisions c ........ View More
Incriminating Material The provisions with respect to assessment in the case of search was earlier contained in Section 153A of the Income Tax Act, 1961. Although after the finance Act, 2021 the a ........ View More
The Central Board of direct taxes has come up with a good news for the assessees in this new year. The board has issued a circular on 6th January, 2023 wherein the timelines provided for making invest ........ View More
In the budget presented on 1st of February 2023, the Hon’ble Finance Minister of the country has proposed that any sum which is payable to micro and small enterprises will be allowed as a deduction fo ........ View More
To promote employment and increase manufacturing activity in the country, the government has been launching various incentive schemes and one of such benefit is in the form of lower income tax rate fo ........ View More
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