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…
AssessmentIncome TaxUnsigned, Undated, non-elaborative sheet cannot be the basis of the addition: Mumbai ITAT in the case of Saif Ali Khan24 Jan 20230Unsigned, Undated, non-elaborative sheet cannot be the basis of the addition: Mumbai ITAT in the case of Saif Ali Khan…
Business/ProfessionIncome TaxGift by the Builders & Developers of the PU Land to the Trust & Applicability of Section 43CA23 Jan 20230Gift by the Builders & Developers of the PU Land to the Trust & Applicability of Section 43CA Section…
Capital GainCircularRepresentation for taking corrective measure to offer capital gain exemption for FY 2021-2219 Jan 20230Representation for taking corrective measure to offer capital gain exemption for FY 2021-22 To Smt. Nirmala Sitharaman Ji The…
Income TaxOther Source Of IncomeITAT Delhi upheld the power of CPC in making the disallowance U/s 36(1)(va) in respect of payment of PF/ESIC after the due date under the respective Law19 Jan 20230ITAT Delhi upheld the power of CPC in making the disallowance U/s 36(1)(va) in respect of payment of PF/ESIC after…
Capital GainHello CBDT, Why did you extend the capital gain exemption date when the relief cannot be enjoyed?16 Jan 20230Hello CBDT, Why did you extend the capital gain exemption date when the relief cannot be enjoyed? The Covid-19…
Business/Professionother topicTAXATION OF YOUTUBER, CONTENTS WRITER & SOCIAL MEDIA INFLUENCERS16 Jan 20230TAXATION OF YOUTUBER, CONTENTS WRITER & SOCIAL MEDIA INFLUENCERS Youtube, Instagram, Facebook, Snapchat, LinkedIn etc have become an…
Articleother topicBrief article on “SEBI allows Stock Exchanges to launch futures contracts in corporate bond indices”16 Jan 20230Brief article on “SEBI allows Stock Exchanges to launch futures contracts in corporate bond indices” SEBI allows Stock Exchanges…
Other Source Of Incomeother topicPenalty imposed on the Auditor for non classification & disclosure of the loans in the Audited Financial Statements12 Jan 20230Penalty imposed on the Auditor for non classification & disclosure of the loans in the Audited Financial Statements ROC…
Capital GainLoss on account of purchase of distribution rights of the film ‘Arakshan’ is a capital loss: ITAT12 Jan 20230Loss on account of purchase of distribution rights of the film ‘Arakshan’ is a capital loss: ITAT M/s Nadiadwala…
Other Source Of IncomeLimit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities abolished11 Jan 20230Limit of Rs. 5,000 applicable on interest income to report in Statement of Financial Transactions (SFT) by the reporting entities…
AssessmentIncome TaxProvisions of section 80AC do note apply to section 80P if the return of income is not filed10 Jan 20230Provisions of section 80AC do note apply to section 80P if the return of income is not filed Here…
Capital GainFruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT9 Jan 20230Fruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT There are often the…
AssessmentIncome TaxIncome Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A has no evidentiary value: ITAT Kolkata9 Jan 20230Income Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A…
AssessmentBusiness/ProfessionAmount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT9 Jan 20230Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT Facts:…
Capital GainExtension of the period of claiming Capital Gain Exemption: An Eyewash9 Jan 20230Extension of the period of claiming Capital Gain Exemption: An Eyewash The Covid-19 pandemic and resultant restrictions have resulted in…