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Appreciation in the value of the Foreign Exchange and its Taxation

Appreciation in the value of the Foreign Exchange and its Taxation

No more Expenditure Tax Please- No more trial & Error Please

No more Expenditure Tax Please- No more trial & Error Please

Limitation extension order passed by the Supreme Court in view Covid-19 applicable to applications filed for refund of GST

Limitation extension order passed by the Supreme Court in view Covid-19 applicable to applications filed for refund of GST

ITAT DELHI BENCH 'SMC' in the case of Abdul Wahab v. Income-tax Officer, Ward-1(5), Ghaziabad has made some serious observation against the assesse. The same is summarized hereunder:

ITAT cautions careless taxpayers that wild & baseless allegations against CIT(A) with self-certification as ‘hapless victim’ will not help them

Cash credit account cannot be provisionally attatched under any circumstances.

Cash credit account cannot be provisionally attatched under any circumstances.

Whether anyone from the Department or Government need to apologize to the taxpayers for irresponsible implementation of new Income Tax Portal?

Whether anyone from the Department or Government need to apologize to the taxpayers for irresponsible implementation of new Income Tax Portal?

All Odisha Tax Advocates Association filed PIL in Odisha High Court: Waiver of Interest u/s 234A, Late Fee U/s 234F, Benefit of carry forward of loss etc demanded

All Odisha Tax Advocates Association filed PIL in Odisha High Court: Waiver of Interest u/s 234A, Late Fee U/s 234F, Benefit of carry forward of loss etc demanded

No Tax on Income of Rs. 10 Lakh: A case study

No Tax on Income of Rs. 10 Lakh: A case study

"State Authorities in their whims and fencing are bend upon to harass the trading community of the State": With this Allahabad HC imposed Rs. 20000 fine on the officer 

“State Authorities in their whims and fencing are bend upon to harass the trading community of the State”: With this Allahabad HC imposed Rs. 20000 fine on the officer 

No Section 194D TDS on expenses incurred in foreign travel of insurance agents if sum paid directly to services providers: Bombay HC

No Section 194D TDS on expenses incurred in foreign travel of insurance agents if sum paid directly to services providers: Bombay HC

Extension of the period of Limitation: A welcome move by the Supreme Court

Extension of the period of Limitation: A welcome move by the Supreme Court

Invest in Silver with minimal hassleand diversify your portfolio By Balwant Jain

Invest in Silver with minimal hassleand diversify your portfolio By Balwant Jain

Income Tax on transaction in Derivatives, futures and options & its Reporting

Income Tax on transaction in Derivatives, futures and options & its Reporting

Revenue seem to believe that it is not enough for the assessee to please the deity (Income Tax Act) but must also please the priest (Income Tax Officer): Bombay High Court

Revenue seem to believe that it is not enough for the assessee to please the deity (Income Tax Act) but must also please the priest (Income Tax Officer): Bombay High Court

“We wonder whether the officers ever bother to read before writing the reasons or recommending for approval or while granting approval”: Bombay High Court

“We wonder whether the officers ever bother to read before writing the reasons or recommending for approval or while granting approval”: Bombay High Court

Income Tax Department conducts searches in Andhra Pradesh (AP) and Telangana

Income Tax Department conducts searches in Andhra Pradesh (AP) and Telangana

Speculative Income & Tax Audit Provision

Speculative Income & Tax Audit Provision

Deduction towards Mediclaim policy under Section 80D: An overview

Deduction towards Mediclaim policy under Section 80D: An overview

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This is an online news portal for tax news, updates, articles, judgments, Circulars, Notification and orders with regards to Indian Taxation Laws. ‘Simplifying the TAX & creating awareness about tax laws is the main motto of the Team theTAXTALK.

Recent Posts

  • ITAT Delhi Clarifies: Once Form 10-IE Is Filed, New Tax Regime Option Continues Unless Withdrawn
  • Demonetisation Tax Shock Gets a Reality Check: Rajasthan HC Rules 60% Tax Under Section 115BBE Not Applicable for AY 2017-18
  • Section 234C’s Hidden Cushion: The Lesser-Known 12% and 36% Advance Tax Rule
  • Foreign Assets, Reassessment & Non-Residents: ITAT Special Bench Clarifies the 16-Year Rule
  • Presumptive Taxation vs. Stamp Duty Valuation: ITAT Draws the Line Against Double Taxation

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