Compliance Calendar for September’2024 Revised

Important changes in GST w.e.f. 01st September 2024

Taxation of LTCG for non residents post amendments by Finance Act 2024:

Tax Impact on Share Buybacks: Old Vs New Law

No penalty u/s 270A as loss declared under ‘Income from other sources’ couldn’t be set off or carried forward: ITAT

An overview of Rules for set off and carry forward of losses

Rectification under section 154 of the Act is not obligatory on the part of the Assessing Officer if clear data is not available: Nagpur ITAT  

Ex-parte order passed by serving notice on email – ITAT remanded back the matter to AO

Reopening of assessments for assessment year as back as AY 2014-15, Ay 2015-16, 2016-17 and 2017-18 is not permissible: Delhi HC

Overview Penalties under Income Tax Act-1961

Interest income of Credit cooperative societies from its investment with other bank eligible for deduction U/s 80P: Nagpur ITAT

Does the old dictum of ‘reasons to believe’ hold true in light of 2021 amendments in process of reopening of assessments?

Would bonafide mistake in non disclosure of foreign assets in return result into penalty under Black Money Law?

Bombay HC Censures AO for Unconscionable Conduct, Disregarding Binding Judgement, Slaps Rs25,000 Fine

Decoding Capital Gains Tax: Exemption Strategies under the 12.50% and 20% Rates

Over Rs 80,000 crore worth GST notices issued for assessment year 2018-22

Unwanted Compliance Burden of TDS on payment by Partnership firm to Partners: Section 194T

Bonafide purchasing dealers should not be denied ITC for non compliance of selling dealers