Capital Gains Deposit Account Scheme, 1988: Rules along with Forms thereto
Capital Gains Deposit Account Scheme, 1988: Rules along with Forms thereto Any profit arising from transfer of land, building,…
Income Tax
Officers of the department must not take advantage of ignorance of an assessee as to his rights and that it is one of their duties to assist a tax payer in every reasonable way
Officers of the department must not take advantage of ignorance of an assessee as to his rights and that it…
COMPREHENSIVE TCS RATES CHART FOR THE FINANCIAL YEAR FOR 2022-2023
COMPREHENSIVE TCS RATES CHART FOR THE FINANCIAL YEAR FOR 2022-2023 Section Collection Code Nature of Payment Threshold Amount TCS…
IT officials raid steel manufacturers in Jalna: Came as Baraatis
IT officials raid steel manufacturers in Jalna: Came as Baraatis An innovative working on the Raid wing (DI) of the…
Valuation is a matter of opinion / estimation: No addition should be made for reasonable difference between the expenditure actually incurred vis a vis valuation done by DVO
Valuation is a matter of opinion / estimation: No addition should be made for reasonable difference between the expenditure actually…
Income tax laws around life insurance
Income tax laws around life insurance Tax laws allow certain tax benefits for premium paid for life insurance polices as…
Heavy Gold Jewellery received as ‘Streedhan’ and found in income tax raid vs. validity of its addition
Heavy Gold Jewellery received as ‘Streedhan’ and found in income tax raid vs. validity of its addition Shri Gyanendra Singh…
NOC required to be obtained for closure of the Capital gain account –whether exemption U/s 54 can be denied if no NOC obtained?
NOC required to be obtained for closure of the Capital gain account –whether exemption U/s 54 can be denied if…
Payments made to UK company under Shared Services Agreement are not Taxable as Royalty: ITAT Mumbai
Payments made to UK company under Shared Services Agreement are not Taxable as Royalty: ITAT Mumbai Deloitte Haskins &…
If AO passes assessment order after due application of mind with proper enquiries – Proceedings u/s 263 would be bad in law
If AO passes assessment order after due application of mind with proper enquiries – Proceedings u/s 263 would be bad…
“Order U/s 148A(d) cannot travel beyond show cause notice” is a good law even under the new reassessment scheme which is effective from 01.04.2021.
“Order U/s 148A(d) cannot travel beyond show cause notice” is a good law even under the new reassessment scheme which…
Cost of Rs.50,000/- imposed on the Department as Order was passed U/s 148A without considering the reply filed by the assessee
Cost of Rs.50,000/- imposed on the Department as Order was passed U/s 148A without considering the reply filed by the…
Sales made by the assessee to cover the cash deposited in the bank post demonetization was sufficient source: Addition made by the AO is not justified.
Sales made by the assessee to cover the cash deposited in the bank post demonetization was sufficient source: Addition made…
Fresh claim before the Assessing Officer by way of a rectification application & the legal position
Fresh claim before the Assessing Officer by way of a rectification application & the legal position There was an issue…
Construction commenced before the date of sale of capital asset allowed as a deduction U/S 54
Construction commenced before the date of sale of capital asset allowed as a deduction U/S 54 Dattatreya Varma Penmatsa (ITA…
All about Capital Gains Deposit Accounts Scheme
All about Capital Gains Deposit Accounts Scheme Any profit arising from transfer of land, building, gold, or any other capital…
“Tax Compliance Tracker – August, 2022”
“Tax Compliance Tracker – August, 2022” Compliance requirement under Income Tax act, 1961 Sl. Compliance Particulars Due…
CBDT prescribed terms & Conditions for claiming exemption in respect of a perquisite by way of reimbursement of expenditure for treatment of Covid-19.
CBDT prescribed terms & Conditions for claiming exemption in respect of a perquisite by way of reimbursement of expenditure for…
