Income TaxCBDT further extends the due date for submitting the Trust audit reports to 10 Nov 2024 AY 2023-24Yesterday at 3:42 am0CBDT further extends the due date for submitting the Trust audit reports to 10 Nov 2024 AY 2023-24 The…
Income TaxUnjust Tax Demands: The Confusion over Rebate Under Section 87A7 Oct at 1:26 am0Unjust Tax Demands: The Confusion over Rebate Under Section 87A Many taxpayers are receiving the Income Tax Demand Notices…
Income TaxIf the construction of a building is integral to providing services such as renting, it may fall under the “plant” and eligible for ITC: Supreme Court in Safari Retreats Case5 Oct at 5:18 am0If the construction of a building is integral to providing services such as renting, it may fall under the “plant”…
Income TaxTaxability of dividend received from foreign companies5 Oct at 4:05 am0Taxability of dividend received from foreign companies The term dividend has been defined in Section 2(22) in an inclusive…
Income TaxIncome Tax Demand Notices Vs . Disallowance of Rebate under section5 Oct at 2:55 am0Income Tax Demand Notices Vs . Disallowance of Rebate under section Section Many taxpayers are currently receiving Income Tax…
Income TaxTOLA Will Continue To Apply To Income Tax Act After April 1, 2021 If Any Action Or Proceeding Falls For Completion Between March 20, 2020 & March 31, 2021: SC4 Oct at 1:58 am0TOLA Will Continue To Apply To Income Tax Act After April 1, 2021 If Any Action Or Proceeding Falls For…
Income TaxCompliance Calendar For October’ 20244 Oct at 1:28 am0Compliance Calendar For October’ 2024 INCOME TAX ▪ 07th October 2024- Due date for payment of TCS/ TDS for…
Income TaxCancellation of or suitable amendment in Sections 57 and 213 of the Indian Succession Act, 1925, which makes mandatory to obtain Probate only to Hindus, Buddhists, Sikhs and Jains residing in Mumbai, Kolkata and Chennai.3 Oct at 5:27 am0Cancellation of or suitable amendment in Sections 57 and 213 of the Indian Succession Act, 1925, which makes mandatory to…
Income TaxSome key amendments from the Union Budget 2024 that will take effect from October 1, 2024:3 Oct at 4:14 am0Some key amendments from the Union Budget 2024 that will take effect from October 1, 2024: 1. Direct Tax…
Income TaxSec 43A is applicable only to foreign exchange fluctuations on loan taken to import capital assets: Bombay HC2 Oct at 1:50 am0Sec 43A is applicable only to foreign exchange fluctuations on loan taken to import capital assets: Bombay HC PR.…
Income TaxAn Overview of Form No. 10F under thr Income Tax Law30 Sep at 5:02 am0An Overview of Form No. 10F under thr Income Tax Law 1. Form 10F is a self-declaration tax…
Income TaxTime to resolve the Tax Disputes by VSVS – 2.030 Sep at 3:28 am0Time to resolve the Tax Disputes by VSVS – 2.0 “For resolution of certain income tax disputes pending in…
IT Judgement1. Assessment against deceased person: Participation in the reassessment proceedings cannot be regarded as waiver or submitting to the jurisdiction of the AO without objection.28 Sep at 6:42 am0Assessment against deceased person: Participation in the reassessment proceedings cannot be regarded as waiver or submitting to the jurisdiction of…
Income TaxVivad Se Vishwas Scheme 2.0 (“VsV 2024”): A Golden Opportunity for Taxpayers27 Sep at 6:49 am0Vivad Se Vishwas Scheme 2.0 (“VsV 2024”): A Golden Opportunity for Taxpayers After the success of the Vivad Se…
Income TaxDeemed dividend under section 2(22)(e) is not applicable in the absence of actual payment of sum directly by the company to its shareholder27 Sep at 6:12 am0Deemed dividend under section 2(22)(e) is not applicable in the absence of actual payment of sum directly by the company…
Income TaxHC set aside order since assessee was unaware of notices which were uploaded in GST common portal27 Sep at 5:50 am0HC set aside order since assessee was unaware of notices which were uploaded in GST common portal A lot…
Income Taxother topicWhich companies are required to convert the physical shares in to de-mat A/c & consequences for non compliance?27 Sep at 4:56 am0Which companies are required to convert the physical shares in to de-mat A/c & consequences for non compliance? De-Materialisation…
Capital GainIncome TaxLong Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under the ambit of legitimate tax planning and is a colourable device to evade tax: Mumbai ITAT27 Sep at 3:37 am0Long Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under…