Property Planning at 70: A Will, A Co-owner, or A Tax Tangle?
Property Planning at 70: A Will, A Co-owner, or A Tax Tangle? Query 1] I am in the process of…
Income Tax
Compliance Calendar for July’2025
Compliance Calendar for July’2025 INCOME TAX ▪ 07th July 2025- Due date for deposit of Tax deducted and collected for…
One-Time ESOP Compensation: Capital Receipt or Taxable Perquisite?
One-Time ESOP Compensation: Capital Receipt or Taxable Perquisite? 1. Situation: i. Suppose, an employer pays a one-time discretionary compensation…
Compensation received for unlawful possession of immovable property constitutes a capital receipt and is not subject to income tax.
Compensation received for unlawful possession of immovable property constitutes a capital receipt and is not subject to income tax. …
Depreciation of amalgamating company shall not be disallowed for non filing of Form 62: Mumbai ITAT
Depreciation of amalgamating company shall not be disallowed for non filing of Form 62: Mumbai ITAT Hon’ble Mumbai ITAT…
Can a Hindu Undivided Family (HUF) Be Created After Marriage Without Children?
Can a Hindu Undivided Family (HUF) Be Created After Marriage Without Children? Introduction Many Hindu families in India explore…
Mere Low Spending Not a Ground to Deny Section 12AB Registration: ITAT Bangalore
Mere Low Spending Not a Ground to Deny Section 12AB Registration: ITAT Bangalore St. Joseph Engineering College Alumni Association,…
Purchase of Rural agricultural land below its stamp duty valuation is taxable under section 56(2)(x)
Purchase of Rural agricultural land below its stamp duty valuation is taxable under section 56(2)(x) The assessee purchased land classified…
Common Mistakes to avoid in salary ITR Filing Mistakes
Common Mistakes to avoid in salary ITR Filing Mistakes As the ITR season gains pace, it’s crucial for salaried professionals…
Documents seized during a search can be valid basis for additions, even if they are in the form of personal diaries or informal records.
Documents seized during a search can be valid basis for additions, even if they are in the form of personal…
Merely passing an ex parte order by fulfilling the empty formalities will not serve any useful purpose: Madras HC
Merely passing an ex parte order by fulfilling the empty formalities will not serve any useful purpose: Madras HC …
ITAT Delhi Holds GoDaddy.com’s Revenues Not Taxable in India as Royalty or FTS
ITAT Delhi Holds GoDaddy.com‘s Revenues Not Taxable in India as Royalty or FTS Landmark Ruling: Hon’ble ITAT Delhi Holds GoDaddy.com’s Revenues…
Whether equity oriented funds are equivalent to shares from the standpoint of taxability under India Mauritius Treaty?
Whether equity oriented funds are equivalent to shares from the standpoint of taxability under India Mauritius Treaty? Key Issue:…
Can India Tax Capital Gains from Foreign Share Buybacks? A Non-Resident’s Dilemma
Can India Tax Capital Gains from Foreign Share Buybacks? A Non-Resident’s Dilemma Question: Whether capital gains arising to a non-resident…
ITAT Delhi Accepts Cash Deposits as Salary Savings, Religious Practice and Lack of Other Income cited
ITAT Delhi Accepts Cash Deposits as Salary Savings, Religious Practice and Lack of Other Income cited The assessee, a…
ITAT Visakhapatnam Upholds Telescoping: Rs. 1.25 Cr Marriage Expense Not Taxable in Individual Hands as Income Offered by Group Company
ITAT Visakhapatnam Upholds Telescoping: Rs. 1.25 Cr Marriage Expense Not Taxable in Individual Hands as Income Offered by Group Company…
A mere difference in opinion is not sufficient to invoke Section 263: ITAT Ahmedabad
A mere difference in opinion is not sufficient to invoke Section 263: ITAT Ahmedabad Recently, ITAT Ahmedabad in ITA…
ROC Bangalore imposed penalty of Rs. 2.25 Lakh for failure to make ‘‘Appointment of Internal Auditor’’ u/s 138(1) & (2) r/w Rule 13(1) Of the Companies (Accounts) Rules, 2014
ROC Bangalore imposed penalty of Rs. 2.25 Lakh for failure to make ‘‘Appointment of Internal Auditor’’ u/s 138(1) & (2)…
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