Income TaxNon disclosure of foreign assets in the ITR-may result in fine of Rs. 10 LakhToday at 8:30 am0Non disclosure of foreign assets in the ITR-may result in fine of Rs. 10 Lakh Be aware that…
Income TaxNew TCS from 1st October 2023 for various foreign remittances:Today at 5:22 am0New TCS from 1st October 2023 for various foreign remittances: 1. Educational Purposes: When it comes to foreign remittances…
Income TaxBuying property jointly with a daughter-in- law indicates an investment intent, not a business motive : ITATYesterday at 1:40 pm0Buying property jointly with a daughter-in- law indicates an investment intent, not a business motive : ITAT Dehradun…
Income TaxValidity of communication of Document Identification Number [DIN] vide separate intimation without mentioning such DIN examined by Calcutta High CourtYesterday at 1:14 pm0Validity of communication of Document Identification Number [DIN] vide separate intimation without mentioning such DIN examined by Calcutta High Court…
GSTIncome TaxGST Deptt issues mass automated show cause notices to beat the deadline of 30th September,2023Yesterday at 7:42 am0GST Deptt issues mass automated show cause notices to beat the deadline of 30th September,2023 In last week of this…
Income TaxNon service of notice at the updated email id – Assessment order quashed with a direction to AO to decide the issue afresh28 Sep at 8:39 am0Non service of notice at the updated email id – Assessment order quashed with a direction to AO to decide…
Income TaxNotificationCBDT notified the procedure for granting of lower or nil withholding of tax certificate under section 19728 Sep at 8:00 am0CBDT notified the procedure for granting of lower or nil withholding of tax certificate under section 197 CBDT vide…
Income TaxIncome Tax illegally levied must be refunded: Bombay HC28 Sep at 5:36 am0Income Tax illegally levied must be refunded: Bombay HC Facts: Petitioner had set up a Gas-based Sponge Iron…
Income TaxWef 1.10.23, No Tax Under RCM for Ocean Freight incurred on import of Goods27 Sep at 1:09 pm0Wef 1.10.23, No Tax Under RCM for Ocean Freight incurred on import of Goods The copy of the order…
Income TaxReopening on the basis of change of opinion is impermissible: Bombay High Court27 Sep at 11:42 am0Reopening on the basis of change of opinion is impermissible: Bombay High Court The copy of the order as…
Income TaxCBDT notifies changes to Rule 11UA in respect of ANGEL TAX27 Sep at 11:16 am0CBDT notifies changes to Rule 11UA in respect of ANGEL TAX The Finance Act, 2023, brought in an…
Income TaxMCA extends the timeline for conducting AGM & EGM26 Sep at 7:37 am0MCA extends the timeline for conducting AGM & EGM The MCA has issued General Circular No. 09/2023, dated September 25,…
Income TaxRight to sue for damages is a capital receipt and not taxable: ITAT Mumbai26 Sep at 5:29 am0Right to sue for damages is a capital receipt and not taxable: ITAT Mumbai Facts: The assessee is an…
Income TaxExtension of due Date of 30th September 2023: Confusion & Clarification25 Sep at 5:31 am0Extension of due Date of 30th September 2023: Confusion & Clarification Query 1] It is seen that banks classify the…
Income TaxSec 44ADA is not applicable where income is not earned on account of professional consultancy23 Sep at 5:49 am0Sec 44ADA is not applicable where income is not earned on account of professional consultancy Facts: The taxpayer,…
Income TaxIncome Tax Department Issued FAQs for Filling Form 10B. pdf22 Sep at 5:54 am0Income Tax Department Issued FAQs for Filling Form 10B. pdf The copy of the order as under : …
Income TaxIf notice under section 148A(b) and order under Section 148A(d) are not issued in faceless manner under the faceless assessment scheme, then the same are without jurisdiction: Telangana High Court21 Sep at 6:43 am0If notice under section 148A(b) and order under Section 148A(d) are not issued in faceless manner under the faceless assessment…
Income TaxThe State Tax Officer cannot block ITC Ledger even when State has issued Notification to empower the authorities with the power for the same: Bombay HC21 Sep at 6:20 am0The State Tax Officer cannot block ITC Ledger even when State has issued Notification to empower the authorities with the…