NRI’s Income or Deposit in Foreign Bank Account cannot be Taxed in India: ITAT
NRI’s Income or Deposit in Foreign Bank Account cannot be Taxed in India: ITAT Ananya Ajay Mittal (I.T.A. No. 6949/Mum/2019)…
Income Tax
Union Budget 2023-24- Proposed Changes relating to Income Tax Search and Seizure Provisions
Union Budget 2023-24- Proposed Changes relating to Income Tax Search and Seizure Provisions Introduction:- The Hon’ble Union Finance Minister…
Union Budget 2023: Important changes proposed in CGST and IGST Acts:*
Union Budget 2023: Important changes proposed in CGST and IGST Acts:* *-CGST Act.* Sec 10 – Composition dealers of goods…
Compliance Calendar For The Month of Feb – 2023
Compliance Calendar For The Month of Feb – 2023 Compliance Calendar For The Month of Feb – 2023 INCOME…
Direct Tax benefits to Middle Class: Short Overview
Direct Tax benefits to Middle Class: Short Overview Rebate limit increased from 5 L to 7 L in new…
No addition sustainable in the hands of the Power of Attorney holder(PoA): ITAT Amritsar.
No addition sustainable in the hands of the Power of Attorney holder(PoA): ITAT Amritsar. ITAT Amritsar has recently held…
No kitchen-Whether property can be considered as house property?
No kitchen-Whether property can be considered as house property? In this case, Assessee argued that the impunged property is…
Non filing of income tax return within due date u/s 139(1) and disallowance of deduction U/s 80P
Non filing of income tax return within due date u/s 139(1) and disallowance of deduction U/s 80P There is…
Section 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 80P
Section 80P does not make a distinction between the long term investments and short term investments: Interest income or dividend…
Capital 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.
Capital Gain Exemption: Section 54F The fact that income is assessable under the Head “House Property” is not determinative of…
AO cannot reject books of accounts merely for producing photocopies or for drop in NP: ITAT
AO cannot reject books of accounts merely for producing photocopies or for drop in NP: ITAT Blue Stampings &…
Wish-list of the Middle Class from Union Budget -2023
Wish-list of the Middle Class from Union Budget -2023 With the 5 Trillion economy in mind, Smt. Nirmala Sitharaman…
RBI Discussion Paper on Expected Loss (EL)-based Approach
RBI Discussion Paper on Expected Loss (EL)-based Approach Reserve Bank of India (RBI), vide Press Release dated 16th January,…
Advisory services not taxable as fees for included services under India-US DTAA: Calcutta High Court
Advisory services not taxable as fees for included services under India-US DTAA: Calcutta High Court Commissioner of Income Tax…
Systematic Investment Plan (SIP) of Mutual fund vs. Taxation on withdrawals
Systematic Investment Plan (SIP) of Mutual fund vs. Taxation on withdrawals Systematic Investment Plan (SIP) is considered as one…
Sale or Gift of the PU Land by the builder & Developer vis a vis Section 43CA
Sale or Gift of the PU Land by the builder & Developer vis a vis Section 43CA Section 43CA provides…
Not all Minor income is subject to the Clubbing Provision
Not all Minor income is subject to the Clubbing Provision Youtube, Instagram, Facebook, Snapchat, LinkedIn etc have become an…
Deduction 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)
Deduction u/s 80P cannot be denied for the reason that the assessee did not file return of income its return…
){kind=link}
&description=&image=https://thetaxtalk.com/wp-content/uploads/2023/01/Slide4-17.jpg){kind=link}