Documents That Should be Up-To-Dated and Handy for Filing of Income Tax Return -CA in Gurgaon

Income tax return (ITR) filling time has begun for financial Year 2021-22. All forms are open and utilities are available for individual, HUF and firm for which due date for filing ITR is 31.07.2022 make appointment CA in Gurgaon. Don’t wait till the due date and keep your all documents ready and handy. It will …

CBDT Issues SOP Regarding Handling Of Cash Deposit Cases

Central Board of Direct tax (CBDT) has issued Standard Operating Procedure  (SOP) for hading of cases related to cash deposit during the demonetisation period. Income tax official issued around 3 lakh notices under section 142(1) for filing of Income tax return of which around 87000 assessee has not complied the notices. SOP has clearly spelled …

Here is why Credit-worthiness of Investor and genuineness of the transaction is important.

Section 68 of Income tax act attract when Investor invest in your company. This section describes that when company issues its share then it has to prove Credit-worthiness of Investors and genuineness of transactions. In a recent case a company issued its shares for Rs.17.60 crore to the investors companies. Income tax official questioned the …

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