Income TaxAttached property needs to be released, in case PMLA probe exceeds 365 days with no proceedings: Delhi HC5 Feb at 7:01 am0Attached property needs to be released, in case PMLA probe exceeds 365 days with no proceedings: Delhi HC …
Income TaxIncome Tax Department to waive off petty tax demands for 80 Lakh taxpayers on its own accord:5 Feb at 5:35 am0Income Tax Department to waive off petty tax demands for 80 Lakh taxpayers on its own accord: 1.The Central…
Income TaxTimely Payments to MSME for Deduction under Income Tax Law: Confusion & Clarification5 Feb at 5:25 am0Timely Payments to MSME for Deduction under Income Tax Law: Confusion & Clarification Finance Act – 2023 has added…
Income TaxIT JudgementCBDT notifies ITR Forms 1-6 for AY 2024-25, well in advance, to facilitate taxpayers & improve ease of filing!3 Feb at 11:31 am0CBDT notifies ITR Forms 1-6 for AY 2024-25, well in advance, to facilitate taxpayers & improve ease of filing! …
GSTIncome TaxRefund of ITC cannot be refused if shipping bill details are not provided in GSTR 1.3 Feb at 10:53 am0Refund of ITC cannot be refused if shipping bill details are not provided in GSTR 1. Recently, 𝐭𝐡𝐞…
Income TaxBusiness Compliance Calendar for Feb’20242 Feb at 12:26 pm0Business Compliance Calendar for Feb’2024 INCOME TAX 07th Feb 2024- Due date for payment of TDS/TCS for the…
Income TaxNow, you can submit a response to notice without login to your Income-tax e-filling account2 Feb at 5:22 am0Now, you can submit a response to notice without login to your Income-tax e-filling account As per the…
Income TaxInterim Budget-2024: An overview of the Direct tax proposals1 Feb at 1:03 pm0Interim Budget-2024: An overview of the Direct tax proposals The Interim Budget 2024 has brought some key highlights…
BudgetIncome TaxKey Highlights of the 2024 Interim Finance Budget:1 Feb at 12:03 pm0Key Highlights of the 2024 Interim Finance Budget: **1. Economic Revival Strategy:** The budget lays out a comprehensive…
Income TaxCIT(A) Has No Jurisdiction To Enhance Income U/S 251(1) By Disallowing ESOP Expenses In Revised Return If AO Has Not Dealt With It: Mumbai ITAT1 Feb at 5:40 am0CIT(A) Has No Jurisdiction To Enhance Income U/S 251(1) By Disallowing ESOP Expenses In Revised Return If AO Has Not…
Income TaxConstitutional validity of Anti Profiteering clause upheld by Delhi High Court 31 Jan at 8:29 am0Constitutional validity of Anti Profiteering clause upheld by Delhi High Court The Hon’ble Delhi High Court has upheld the vires…
Income TaxRental Income Intended for Charitable & Educational Purposes Eligible for Section 10(23C)(vi) Exemption31 Jan at 6:49 am0Rental Income Intended for Charitable & Educational Purposes Eligible for Section 10(23C)(vi) Exemption Facts: The Durgapur Society of…
Income TaxITR filed without Financials is a defective return but not necessarily an invalid return: SC30 Jan at 11:06 am0ITR filed without Financials is a defective return but not necessarily an invalid return: SC Let us have a short…
Income TaxAn overview of 15 days / 45 days payment rule under section 43B(h)30 Jan at 7:35 am0An overview of 15 days / 45 days payment rule under section 43B(h) Section 43B(h) addresses payments to Micro &…
Income TaxCBDT Notifies Income Tax Return Form ITR-6 for AY 2024-2530 Jan at 6:21 am0CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25 The Central Board of Direct Taxes (CBDT) has recently issued…
Income TaxPenalty U/S 270A cannot be levied arbitrarily: Rajasthan HC Chambal Fertilizers and Chemicals Limited Vs PCIT29 Jan at 1:18 pm0Penalty U/S 270A cannot be levied arbitrarily: Rajasthan HC Chambal Fertilizers and Chemicals Limited Vs PCIT (Civil Writ Petition…
Income TaxAO cannot reassess any income that was the subject matter of an appeal: Bombay HC29 Jan at 6:51 am0AO cannot reassess any income that was the subject matter of an appeal: Bombay HC Shri Shanmukhananda Fine Arts Versus…
Income TaxAvoid Disallowance: Timely Payments to MSME Essential for Deduction29 Jan at 6:17 am0Avoid Disallowance: Timely Payments to MSME Essential for Deduction MSME are growth engines & vital catalysts for our economy. The Micro, Small…