Consideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai
Consideration paid for purchase of advertisement space does not amount to royalty: ITAT Chennai ESPN Digital Media (India) Pvt.…
Income Tax
Unexplained Expenditure: Taxation @ 78% Flat
Unexplained Expenditure: Taxation @ 78% Flat Mr. Smart has incurred Rs. 75 Lakh in the marriage of the daughter in…
PAN, Aadhar compulsory for cash deposits, withdrawal above Rs 20 Lakhs
PAN, Aadhar compulsory for cash deposits, withdrawal above Rs 20 Lakhs The CBDT vide Notification No. 53/2022-Income Tax, Dated: 10th…
Does the New option of lower tax rates work for you?
Does the New option of lower tax rates work for you? There is lots of confusion about new tax…
CBDT issues instructions for AOs to implement SC’s ruling upholding validity of old reassessment notices
CBDT issues instructions for AOs to implement SC’s ruling upholding validity of old reassessment notices Instruction No. 01/2022, dated…
CONCEPT OF ANGEL TAX & TAXABILITY UNDER INCOME TAX ACT,1961
CONCEPT OF ANGEL TAX & TAXABILITY UNDER INCOME TAX ACT,1961 Dear Friends, As you are aware that finance is…
No Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs.
No Reassessment Notices for AY 2013-14 & 2014-15 if escaped income is less than INR 50 Lakhs. CBDT has…
Form 10BD required to be filed by Charitable Institutions: An Overview
Form 10BD Required to be filed by Charitable Institutions: An Overview 1). On 26th March, 2021 CBDT, through a…
Validation Rules for ITR 3
Validation Rules for ITR 3 CBDT_e-filing_ITR-3_Validation Rules - V2.0
Applicability 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)
Applicability of Section 56(2) on Renouncing Rights Shares in Favour of the Assessee by non-related person is Liable to Tax…
Mandatory deduction of 1/3rd of total consideration towards the value of land is arbitrary: Guj. HC
Mandatory deduction of 1/3rd of total consideration towards the value of land is arbitrary: Guj. HC Munjaal Manishbhai Bhatt…
reassessment notices issued under the unamended Section 148 of the Income Tax Act on or after April 1, 2021, will not be deemed to be invalid
Reassessment Notices issued under the unamended Section 148 of the Income Tax Act on or after April 1, 2021, will…
Applying Article 142 in the Income Tax Law for validating the reassessment proceeding: An overview
Applying Article 142 in the Income Tax Law for validating the reassessment proceeding: An overview There are only two…
Applicability of Tax Audit on remuneration from Partnership firm
Applicability of Tax Audit on remuneration from Partnership firm One of the common questions is with regard to the…
SC holds reassessment notices issued under old regime deemed to be issued under Sec.148A
SC holds reassessment notices issued under old regime deemed to be issued under Sec.148A The landmark and out of…
Validity of adjustment u/s 143(1)(a) on the basis of views expressed by the tax auditor in tax audit report
Validity of adjustment u/s 143(1)(a) on the basis of views expressed by the tax auditor in tax audit report …
Section 148 Controversy put to Rest – 90000 cases given new life by Hon’ble Supreme Court
Section 148 Controversy put to Rest – 90000 cases given new life by Hon’ble Supreme Court With 7 High…
Legal fees for criminal cases is an allowable expenses: ITAT Mumbai
Legal fees for criminal cases is an allowable expenses: ITAT Mumbai Penalty for violation of any law is not an…
