Statutory and Tax Compliance Calendar for December 2023

Women can be Karta of an HUF: Delhi HC

Advance tax is payable on capital gain Income also

Assessment Orders solely based on AIR information is unsustainable: ITAT Mumbai

‘This is Not Emergency’ Guj HC slams I-T sleuths

Maintenance of books of accounts by Trusts: Rule 17AA

Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC

Re-assessment proceedings without an approval as envisaged u/s 151 of the Act would be non-est and liable to be quashed:ITAT Dehradun

Govt to mandate e-invoice for B2C transactions in 2-3 Years

No disallowance u/s 40A(2)(b) on interest paid to related party without comparing it with FMV of rate of interest: ITAT

ALL ABOUT REVERSE MORTGAGE SCHEME – 2008

I-T Official awarded six months in jail for slapping ticket checker at CSMT

Delhi HC recently had an occasion to consider the scope of section 263 vis a vis Non enquiry and inadequate enquiry.

TDS deductors receiving notices for not deducting TDS at 20% in case of payee not linking PAN with Aadhar:

Reverse Mortgage Scheme for Senior Citizens: An overview

Start-up & Income Tax benefits to start-ups

Cash deposited during demonetization shall be treated as income from the business and taxable at normal rates: ITAT Chennai

Rental income from let out property without any additional services is income from house property: ITAT Delhi