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Contribution Received by Resident Welfare Association in Excess of Rs. 7500 - Taxability [GST] By CA Satyadev Purohit, Contributing Editor , Tax Publishers

Law and Procedure for Registration by charitable trusts and institutions Effective from 1-4-2021 By CA Dr. Nisha Bhandari, Senior Editor, Tax Publishers

Income Tax

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Only when there is a genuine liability and there is cessation of such liability or it is written off in the books of account, then section 41(1) can be applied. Therefore, question of cessation of non ... Read more..

In case of bogus purchases, entire purchases could not be brought to tax and only profit element could be brought to tax, despite the purchases being bogus. Thus, CIT(A) wrongly enhanced the addition ... Read more..

Where outstanding balances were related to purchases made during the year and not brought forward balances and since assessee had shown that payments have been made in the succeeding year through bank ... Read more..

Other Taxes

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Service of works contract for construction of a medical college provided by applicant as sub-contractor to a Government enterprises is not taxable at rate of 12 per cent for period before 25-1-2018 i. ... Read more..

Applicant entered into a composite contract of supply of RO Plant along with operation and maintenance of said plant for a period of 5 years. The applicant claimed that the supply is a pure service ex ... Read more..

The activity of renting/leasing the water channel by the applicant for fish farming for a consideration determined through auction is squarely covered under the exemption at entry at Sl. No. 54 of ... Read more..


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