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ESOP benefits granted to an assessee when he was resident and in consideration for services rendered in India is taxable even though the assessee is a non-resident in the year of exercise.

Letter written by Chartered Accountant Association to CMD of Indian Bank: Unjustified Removal of Allahabad Bank Issue Branch Auditor

All about Statement of Financial Transactions

Unauthorized selling of pharmacy through online: CAIT writes to Commerce Minister

Even CPC is helpless at time – Refund blocked by AO for Reasons known to him

Guidelines for Startup India Seed Fund Scheme (SISFS)

More than 900 amendments done by Government, Taxpayers don’t have option to rectify their mistake in GST returns even Once

No communication to discharge maximum GST Tax Liability in Cash : CBIC

Transition of credit in respect of TDS of Tamil Nadu VAT regime can’t be denied in GST regime: Madras HC

Tax Implications: Purchase of plot in unregularised layout & Cancellation thereof

Relays manufactured for use only as Railway Signaling are classifiable under heading 8608

Tax returns will get auto populated soon with Capital gain, dividend and interest income!!

Absence of earning any interest income on capital from the firm is no bar to claim the interest paid on borrowings for the purpose of contributing capital to the firm

Amendment in schedule V of companies Act 2013 regarding the Maximum Limit in Director Remuneratio

SLP filed by the Department against order of Delhi HC directing GST department to allow manual TRAN-1 or open portal dismissed by SC

HC pans GST officials, Issue them Notice !

Replacing machinery part is revenue exp. if there was no increase in production capacity after such replacement

11 changes in Income Tax Law for the Financial Year FY 2021-22

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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

  • Destruction of Source of Income: Supreme Court Clarifies When Compensation Becomes a Capital Receipt
  • Diversion of Income by Overriding Title: When Income Never Becomes the Assessee’s Income
  • Bombay High Court: Income Tax Department Cannot Take a Contrary Stand After Consistently Accepting the Same Position
  • Income Tax Department Cannot Recover Pre-Resolution Tax Dues After NCLT Approval of IBC Plan: Gauhati High Court
  • Himachal Pradesh High Court Quashes ₹117.94 Crore GST Recovery Notice Against Morepen Laboratories: Omitted Rule Cannot Sustain Tax Proceedings Without Saving Provision

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