Salary income could be deemed to accrue or arise in India only if services is rendered in India.: ITAT Chennai
Salary income could be deemed to accrue or arise in India only if services is rendered in India.: ITAT Chennai …
Income Tax
Charitable Trust: Know your Donor to avoid taxation as Anonymous Donation
Charitable Trust: Know your Donor to avoid taxation as Anonymous Donation The flow of unaccounted income or black money is…
Appeal Filing fees for filing an appeal with CIT (Appeal)
Appeal Filing fees for filing an appeal with CIT (Appeal) Here is the most common Question which are often asked…
Section 68: Once the Assessee submits evidence in support of the credit and makes out a prima facie case, then the ‘onus of proof’ shifts to the AO
Section 68: Once the Assessee submits evidence in support of the credit and makes out a prima facie case, then…
ITAT has laid down principles for applicability of section 68 of Income Tax Act in cases like Share Premium received etc
ITAT has laid down principles for applicability of section 68 of Income Tax Act in cases like Share Premium received…
Prohibition of Benami Property Transactions Act: What you need to know
Prohibition of Benami Property Transactions Act: What you need to know There have been instances of purchase of the property…
What if the Permanent Registration of the Trust is Rejected
What if the Permanent Registration of the Trust is Rejected The registration mode of the charitable trusts have gone sea…
Investment by HUF in the name of the Member or Karta & Capital Gain Taxation vis a vis Exemption
Investment by HUF in the name of the Member or Karta & Capital Gain Taxation vis a vis Exemption There…
Compliance Calendar for Oct-22
Compliance Calendar for Oct-22 INCOME TAX ▪️07th Oct 2022- Due date for TDS/TCS payment for Sept’22. ▪️07th Oct 2022-…
Advisory on reopening of Tran Form to claim transitional ITC
Advisory on reopening of Tran Form to claim transitional ITC As per the direction of the Hon’ble Supreme Court…
Intimation to be given for Verification of Business Premises: Delhi HC
Intimation to be given for Verification of Business Premises: Delhi HC 1. Physical verification of business premises for GST…
Interest subsidy is not to be included for calculating MAT: Kolkata ITAT
Interest subsidy is not to be included for calculating MAT: Kolkata ITAT Principal Commissioner of Income Tax-4, Kolkatta vs M/S…
Section 148 requires the person to file the return of income in response to the notice. The question arises in the case of assessees whose income is otherwise exempt U/s 10 or U/s 11.
Section 148 requires the person to file the return of income in response to the notice. The question arises in…
Whether ITAT can waive off the mandatory condition of pre-deposit of tax of 20%?
Whether ITAT can waive off the mandatory condition of pre-deposit of tax of 20%? Recently, the Mumbai ITAT BENCH ‘K’ in…
10 Tax benefits of having an HUF
10 Tax benefits of having an HUF HUF is a separate entity for income tax law. Its income is taxable…
Whether the ITAT needs to check the facts of the case rather than quashing the appeal order on a legal issue?
Whether the ITAT needs to check the facts of the case rather than quashing the appeal order on a legal…
When a receipt is not in the character of income, it cannot form part of the book profit under section 115JB of the Act, 1961.
When a receipt is not in the character of income, it cannot form part of the book profit under section…
How to Create Hindu Undivided Family (HUF)
How to Create Hindu Undivided Family (HUF) The term “Person” is defined under section 2(31) of the Income Tax…
