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Articles By: DEVKUMAR KOTHARI |
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ROI FILING DUE DATE IN CASE OF PERSONS HAVING TDS, TCS AND DEALING WITH PERSONS HAVING AUDIT OBLIGATIONS SHOULD BE 30TH NOVEMBER.
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By: - DEVKUMAR KOTHARI
Dated:
July 25, 2018
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HABIT OF DESCRIBING “BOGUS” BY TAX AUTHORITIES DESERVES TO BE CONDEMENED- discussion in view of recent judgment of the Supreme Court – SLP of Revenue dismissed after hearing
1 Comment
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By: - DEVKUMAR KOTHARI
Dated:
July 11, 2018
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Addition u/s 68 by alleging LTCG as bogus is not justified, the legal position is well settled, and still tax authorities are making additions
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By: - DEVKUMAR KOTHARI
Dated:
June 21, 2018
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S. 40(a)(ia) - CURATIVE AMENDMENT TO REMOVE UNINTENDED HARDSHIP IS RETROSPECTIVE – THE SUPREMEN COURT RE-AFFIRMS THE RULE.
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By: - DEVKUMAR KOTHARI
Dated:
May 9, 2018
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Waiver of loan is not taxable u.s. 28 (iv) or S. 41.1 as held by the honourable Supreme Court- an analysis and updates on related issues
2 Comments
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By: - DEVKUMAR KOTHARI
Dated:
May 8, 2018
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Learning from reported cases: Interest paid to close relatives, though similar to bank loan interest but more than paid to third parties- excess disallowed. – Lacking in preparation and presentation of the case.
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By: - DEVKUMAR KOTHARI
Dated:
May 2, 2018
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Reassessment – facts duly considered, no change in facts, not valid on mere change of opinion- Supreme Court re-affirms settled legal position. Some suggestions about re-assessment to avoid un-desirable litigation by revenue.
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By: - DEVKUMAR KOTHARI
Dated:
May 1, 2018
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Capital Receipt: earnings relating to creation or expansion of capital structure, may not be income but capital receipt deductible from capital costs- Honourable Supreme Court re-affirm principal in one more context.
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By: - DEVKUMAR KOTHARI
Dated:
April 30, 2018
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On income in India there cannot be imposition of tax twice on the same income, unless law specifically so provide- tax paid under Sikkim Income tax Manual so not taxable Under I.T.Act.
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By: - DEVKUMAR KOTHARI
Dated:
April 24, 2018
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Un-necessary litigation and argument to distinguish settled matter is wrong. Advocates, as responsible officers of Court must desist from such practices
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By: - DEVKUMAR KOTHARI
Dated:
April 18, 2018
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AUDIT IS WHOLESOME SERIOUS ACTIVITY WHICH I LIKE VERY MUCH THEN WHY I DISCONTINUED LONG AGO? A mind opener for all concerned
1 Comment
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By: - DEVKUMAR KOTHARI
Dated:
April 11, 2018
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E-ITR FORMS NOT AVAILABLE ON e-filing portal on 07.04.18 at 17:36 hours.
2 Comments
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By: - DEVKUMAR KOTHARI
Dated:
April 9, 2018
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Clarifications must be clear and only when required, otherwise will create more confusions and ambiguities.
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By: - DEVKUMAR KOTHARI
Dated:
March 23, 2018
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Time to re-think in changed times: Business head for activity of letting out properties to tax real income is most appropriate.
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By: - DEVKUMAR KOTHARI
Dated:
March 20, 2018
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E-ITR FORM MUST HAVE OPTIONAL SHEETS FOR EXPLANATIONS AND FURTHER CLAIMS FOR CONSIDERATION BY AO
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By: - DEVKUMAR KOTHARI
Dated:
March 19, 2018
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E-hearing must be in true sense and complete manner by tax authorities
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By: - DEVKUMAR KOTHARI
Dated:
March 14, 2018
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SUGGESTION FOR OPTION TO ASSESSEE FOR HIGHER AND LOWER TDS/TCS for optimization of tax collection and refunds
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By: - DEVKUMAR KOTHARI
Dated:
March 13, 2018
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“The cost of acquisition” is a definite sum incurred to acquire capital asset- the judgment of Punjab and Hariyana High Court (FB)** appears to be contrary to law ans settled legal position - deserve to be reviewed.
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By: - DEVKUMAR KOTHARI
Dated:
March 7, 2018
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Tax department must have respect of taxpayers -estimated disallowance of expenses in case of professionally managed companies- a serious issue.
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By: - DEVKUMAR KOTHARI
Dated:
March 6, 2018
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Free of cost material (FOC) not to form part of value of service
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By: - DEVKUMAR KOTHARI
Dated:
March 5, 2018
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