J S R P & Associates, Chartered Accountants

16/05/2023

It was held by Pune Tribunal in the case of Sanjay Vasant Jumde v. Income-tax Officer (IT) that the new property shall be deemed to have been acquired only when it was ready, full consideration had been paid and possession was received by the assessee and, therefore, date of possession of flat would be the actual date of purchase for claiming exemption under section 54.

1. The Capital Gain Tax provisions are covered under sections 45 to 55 of the Income Tax Income-tax Act, 1961. These provisions are complicated & the controversy and resultant litigations on capital gains tax have thrown innumerable decisions. In this Series of Capital Gain Tax Exemption, an attempt...

01/01/2019

A New Milestone is Waiting, May you achieve the same in 2019
Happy New Year
CA Raghavendra Pratap
From the Desk of J S R P and Associates, Chartered Accountants

23/05/2018

Finance ministry has tied up with 40 entities, including Flipkart, Swiggy, Patanjali and Amul, which are big job creators, for extending loans to small entrepreneurs under the Mudra scheme.

23/03/2018

MCA has decided to permit w.e.f. 24.03.2018 two proposed names and one Resubmission (RSUB) while Reserving Unique Names for companies through the RUN web service.

14/03/2018

Tightening the noose around wilful defaulters, the government has asked banks to 'name and shame' such borrowers by publishing their photographs and other details in newspapers. According to PTI, the finance ministry has written a letter to all

19/02/2018

Chartered accountants' apex body ICAI on Friday said it has taken suo motu cognisance of the $1.77 billion fraud at PNB and has sought information from investigation agencies besides setting up a group to study the system issues arising out of the inc

15/02/2018

State-owned Punjab National Bank today said it has detected a USD 1.77 billion (about Rs 11,400 crore) scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from a branch in Mumbai to secure overseas credit from o

01/02/2018

सैलरीड क्लास को 40,000 रुपये के स्टैंडर्ड डिडक्शन के नाम पर होगा मामूली फायदा। मेडिकल और ट्रांसपोर्ट अलाउंसेज के बदले में मिलेगी यह राशि।
Current Allowance:
Medical Reimbursement - Rs. 15,000/-
Transport Allowance Rs. 19,200/-

New Deduction - Rs. 40,000/-

Net benifit (additional Deduction) Rs. 5,800/- (40,000-15000-19200)

01/01/2018

The Institute of Chartered Accountants of India has suggested the government to make PAN compulsory on air-ticket bookings for overseas package tours to bring high value transactions into the data system. In its pre-Budget memorandum with regards to direc

01/01/2018

नववर्ष 2018 के लिए आपको हार्दिक शुभकामनाएं देता हूँ. नववर्ष आपके लिए सुख-समृद्धि से परिपूर्ण व मंगलमय हो...

CA. Raghavendra Pratap
From the Desk of M/s J S R P and Associates (Chartered Accountants)
www.jsrp.in

01/11/2017

The Madras High Court on Tuesday allowed a petitioner to file her income tax returns manually, without quoting the Aadhaar number or the enrolment ID.  Petitioner Preeti Mohan relied on a June 9 Supreme Court judgement, which said Aadhaar cannot b