Capital GainIncome TaxCapital Gain Exemption: What if the transaction is not completed within the specified time period17 Apr 20230Capital Gain Exemption: What if the transaction is not completed within the specified time period Any capital gain arising…
Capital GainIncome TaxEven if amount is Not deposited in Capital Gains Account Scheme, Section 54 F deduction can be allowed: ITAT Chennai1 Apr 20230Even if amount is Not deposited in Capital Gains Account Scheme, Section 54 F deduction can be allowed: ITAT Chennai…
Capital GainIncome TaxDebt Mutual Funds & Taxation wef 1st April 2023:29 Mar 20230Debt Mutual Funds & Taxation wef 1st April 2023: The new debt mutual fund taxation is effective from 1st April…
Capital GainIncome TaxReasons Recorded For Reopening The Reassessment To Be Examined On Standalone Basis To Determine The Validity Of Proceedings Us 147 ITAT27 Mar 20230Reasons Recorded For Reopening The Reassessment To Be Examined On Standalone Basis To Determine The Validity Of Proceedings Us 147…
Capital GainIncome TaxIncome reflected in 26AS after I filed my Income Tax Return – How to rectify it now?20 Mar 20230Income reflected in 26AS after I filed my Income Tax Return – How to rectify it now? Query]…
Capital GainIncome TaxTax evasion in Penny Stocks: C&AG Report in public domain suggesting that the hype could not generate the revenue it had hoped4 Mar 20230Tax evasion in Penny Stocks: C&AG Report in public domain suggesting that the hype could not generate the revenue it…
Capital GainIncome TaxIncome taxRs. 10 Cr ceiling proposed for capital gain exemption in Union Budget – 2023: An overview27 Feb 20230Rs. 10 Cr ceiling proposed for capital gain exemption in Union Budget – 2023: An overview “I propose…
Business/ProfessionIncome TaxEnsuring Timely payment to Micro & Small Enterprises through Income Tax Law: Pros & Cons20 Feb 20230Ensuring Timely payment to Micro & Small Enterprises through Income Tax Law: Pros & Cons MSME are growth engines…
Capital GainIncome TaxTDSTaxation & TDS provision on Sale of Agricultural land: 16 Feb 20230Taxation & TDS provision on Sale of Agricultural land: Normally, all income & gain arising on sale of property…
Capital GainIncome TaxMerely because some shares were rigged, it does not imply that the capital gains claim of assessee is bogus: ITAT16 Feb 20230Merely because some shares were rigged, it does not imply that the capital gains claim of assessee is bogus: ITAT…
House properyIT JudgementExpenses incurred to make the newly purchased house habitable can be claimed as a deduction U/S 54: ITAT Mumbai10 Feb 20230Expenses incurred to make the newly purchased house habitable can be claimed as a deduction U/S 54: ITAT Mumbai Renu…
Income taxIncome TaxOther Source Of IncomeUnion Budget 2023: Extension of date of incorporation for eligible start-up for exemption8 Feb 20230Union Budget 2023: Extension of date of incorporation for eligible start-up for exemption The existing provisions of the…
Capital GainIncome taxUnion Budget 2023: Restricting the benefit of capital gain Exemption to Rs. 10 Cr7 Feb 20230Union Budget 2023: Restricting the benefit of capital gain Exemption to Rs. 10 Cr Limiting the roll over…
Income taxOther Source Of IncomeUnion Budget 2023- Ensuring Payment to MSME within due date7 Feb 20230Union Budget 2023- Ensuring Payment to MSME within due date Section 43B of the Act provides for certain…
Capital GainIncome taxUnion Budget – 2023: Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a property7 Feb 20230Union Budget – 2023: Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a…
Income taxOther Source Of IncomeUnion Budget 2023: Maturity proceeds of Life Insurance Policies of premium exceeding Rs. 5 Lakh made taxable7 Feb 20230Union Budget 2023: Maturity proceeds of Life Insurance Policies of premium exceeding Rs. 5 Lakh made taxable The…
Income TaxOther Source Of IncomeInterest earned by cooperative society from a cooperative bank is eligible for deduction: ITAT Mumbai7 Feb 20230Interest earned by cooperative society from a cooperative bank is eligible for deduction: ITAT Mumbai Amore Commercial Premises…
AssessmentIncome TaxIncome taxBudget 2023: Proposal on Set off and withholding of refunds in certain cases6 Feb 20230Budget 2023: Proposal on Set off and withholding of refunds in certain cases Section 241A of the Act…