BudgetCapital GainIncome 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…
BudgetIncome 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…
BudgetCapital GainUnion 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…
BudgetOther 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…
BudgetCapital GainUnion 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…
BudgetOther 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…
AssessmentBudgetIncome 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…
Capital GainIncome TaxNo kitchen-Whether property can be considered as house property?31 Jan 20230No kitchen-Whether property can be considered as house property? In this case, Assessee argued that the impunged property is…
Capital GainIncome TaxOther Source Of IncomeSection 80P does not make a distinction between the long term investments and short term investments: Interest income or dividend income should be earned by a co-operative society from another cooperative society is eligible for deduction U/s 80P30 Jan 20230Section 80P does not make a distinction between the long term investments and short term investments: Interest income or dividend…
Capital GainCapital Gain Exemption: Section 54F The fact that income is assessable under the Head “House Property” is not determinative of the nature of properties as residential or not.30 Jan 20230Capital Gain Exemption: Section 54F The fact that income is assessable under the Head “House Property” is not determinative of…
Business/ProfessionCapital GainSystematic Investment Plan (SIP) of Mutual fund vs. Taxation on withdrawals27 Jan 20230 Systematic Investment Plan (SIP) of Mutual fund vs. Taxation on withdrawals Systematic Investment Plan (SIP) is considered as one…
Business/ProfessionGSTIncome TaxNot all Minor income is subject to the Clubbing Provision27 Jan 20230 Not all Minor income is subject to the Clubbing Provision Youtube, Instagram, Facebook, Snapchat, LinkedIn etc have become an…
AssessmentIncome TaxDeduction u/s 80P cannot be denied for the reason that the assessee did not file return of income its return of income within due date u/s 139(1)27 Jan 20230Deduction u/s 80P cannot be denied for the reason that the assessee did not file return of income its return…