Income TaxNo reassessment for F.Y.s 2012-13, 2013-14 and 2014-15 if the income escaping from tax is less than Rs 50 lakh.4 years agoNo reassessment for F.Y.s 2012-13, 2013-14 and 2014-15 if the income escaping from tax is less than Rs 50 lakh. …
Income TaxIT JudgementIncome escaping Assessment of Rs. 1 Lakh Cr – Order passed by AO under section 148A(d) quashed by Delhi HC4 years agoIncome escaping Assessment of Rs. 1 Lakh Cr – Order passed by AO under section 148A(d) quashed by Delhi HC…
Income TaxCBDT Circular regarding use of functionality under section 206AB and 206CCA of the Income-tax Act – 19614 years agoCBDT Circular regarding use of functionality under section 206AB and 206CCA of the Income-tax Act – 1961 Finance Act,…
IT JudgementBogus Purchase & Order U/s 148A(d): Hon’ble Gauhati HC order & directs Revenue to apply mind on Assessee’s reply4 years agoBogus Purchase & Order U/s 148A(d): Hon’ble Gauhati HC order & directs Revenue to apply mind on Assessee’s reply …
Income TaxCash withdrawal being more than amount of cash deposited and its taxation as Unexplained Investment u/s 694 years agoCash withdrawal being more than amount of cash deposited and its taxation as Unexplained Investment u/s 69 The issue…
Income TaxWhether proceedings under the Income-tax Act,1961 has to be kept in abeyance once an order u/s 14 of the IBC code is passed?4 years agoWhether proceedings under the Income-tax Act,1961 has to be kept in abeyance once an order u/s 14 of the IBC…
Income TaxTrust or institution – Object to develop training and research centre to facilitate skill development to entire chain of work force engaged at various levels in garment and textile industry entitle for registration under provisions of Section 12AA.4 years agoTrust or institution – Object to develop training and research centre to facilitate skill development to entire chain of work…
Income TaxIf proceedings before DRT is going on against an entity ,then also CIRP Application under provisions of Sections 7, 9 & 10 will be maintainable.4 years agoIf proceedings before DRT is going on against an entity ,then also CIRP Application under provisions of Sections 7, 9…
IT JudgementConsideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai4 years agoConsideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai ESPN Digital Media (India) Pvt.…
Income TaxUnexplained Expenditure: Taxation @ 78% Flat4 years agoUnexplained Expenditure: Taxation @ 78% Flat Mr. Smart has incurred Rs. 75 Lakh in the marriage of the daughter in…
Income TaxPAN, Aadhar compulsory for cash deposits, withdrawal above Rs 20 Lakhs4 years agoPAN, Aadhar compulsory for cash deposits, withdrawal above Rs 20 Lakhs The CBDT vide Notification No. 53/2022-Income Tax, Dated: 10th…
Income TaxDoes the New option of lower tax rates work for you?4 years agoDoes the New option of lower tax rates work for you? There is lots of confusion about new tax…
Income TaxCBDT issues instructions for AOs to implement SC’s ruling upholding validity of old reassessment notices4 years agoCBDT issues instructions for AOs to implement SC’s ruling upholding validity of old reassessment notices Instruction No. 01/2022, dated…
Income TaxCONCEPT OF ANGEL TAX & TAXABILITY UNDER INCOME TAX ACT,19614 years agoCONCEPT OF ANGEL TAX & TAXABILITY UNDER INCOME TAX ACT,1961 Dear Friends, As you are aware that finance is…
Income TaxNo Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs.4 years agoNo Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs. CBDT has…
Income TaxForm 10BD required to be filed by Charitable Institutions: An Overview4 years agoForm 10BD Required to be filed by Charitable Institutions: An Overview 1). On 26th March, 2021 CBDT, through a…
Income TaxValidation Rules for ITR 34 years agoValidation Rules for ITR 3 CBDT_e-filing_ITR-3_Validation Rules - V2.0
Income TaxApplicability of Section 56(2) on Renouncing Rights Shares in Favour of the Assessee by non-related person is Liable to Tax u/s 56(2)4 years agoApplicability of Section 56(2) on Renouncing Rights Shares in Favour of the Assessee by non-related person is Liable to Tax…