For concessional tax regime, Form No. 10- IC has to be filed within the due date of filing the returns
For concessional tax regime, Form No. 10- IC has to be filed within the due date of filing the returns…
Income Tax
Improper & Hurried Order by the Officers: Tax Bar Association, Indore made an Honest Representation seeking an extension of the date of completing the Assessment
Improper & Hurried Order by the Officers: Tax Bar Association, Indore made an Honest Representation seeking an extension of the…
Enhanced Registration application user interface (UI)
Enhanced Registration application user interface (UI) 10/03/2022 i. User Interface (UI) with respect to the address fields in the…
TDS done on Gross amount received from Life Insurance Companies- Whether entire amount is taxable or only the income therin is taxable?
TDS done on Gross amount received from Life Insurance Companies- Whether entire amount is taxable or only the income therin is…
Whether a witness can be summoned to appear outside his city of residence in case of an offence under Prohibition of Money Laundering Act (PMLA)?
Whether a witness can be summoned to appear outside his city of residence in case of an offence under Prohibition…
Validity of Income Tax Notice not available at the income tax portal at the time of issuance but uploaded afterwards
Validity of Income Tax Notice not available at the income tax portal at the time of issuance but uploaded afterwards Calcutta…
AO has to pass speaking order while rejecting petition for stay of demand u/s 220(6): Calcutta High Court further directed for early disposal of such cases.
AO has to pass speaking order while rejecting petition for stay of demand u/s 220(6): Calcutta High Court further directed…
There is nothing magical in the figure of 20%; to balance the equities the tax authorities may even grant stay the recovery on deposit of 5% or 10% as the circumstance may demand: HC
There is nothing magical in the figure of 20%; to balance the equities the tax authorities may even grant stay…
Bank passbook is not a books of Accounts: Bombay HC
Bank passbook is not a books of Accounts: Bombay HC The Bombay HC in the case of CIT vs Bhaichand H. Gandhi…
Amounts paid by resident Indian end-users/distributors to non-resident computer software manufacturers/suppliers is not the payment of royalty
Amounts paid by resident Indian end-users/distributors to non-resident computer software manufacturers/suppliers is not the payment of royalty The payment for…
Notice issued within 5 hours of receiving information is valid; HC justified reassessment on Maharashtra Minister Chhagan Bhujbal
Notice issued within 5 hours of receiving information is valid; HC justified reassessment on Maharashtra Minister Chhagan Bhujbal There was…
Year of Taxation when the date of sale deed execution and registration is different
Year of Taxation when the date of sale deed execution and registration is different The year of taxation of…
The genuineness of the agreements cannot be doubted without any material in hand: Bangalore ITAT.
The genuineness of the agreements cannot be doubted without any material in hand: Bangalore ITAT. ITAT BANGALORE SMT. KUSHALAPPA SAVITRI VERSUS…
Gratuitous loan or advance given by a company to the shareholder would come within the purview of Deemed Dividend under section 2(22)(e)
Gratuitous loan or advance given by a company to the shareholder would come within the purview of Deemed Dividend under…
Interest income received from Co-operative Bank is eligible for deduction Under Section 80P(2)(d)
Interest income received from Co-operative Bank is eligible for deduction Under Section 80P(2)(d) There are various cases wherein the assessing…
Under Section 75(4) of the Act, an opportunity of hearing shall be granted on the request made by the assessee or where any adverse decision is contemplated against such person: Madras HC
Under Section 75(4) of the Act, an opportunity of hearing shall be granted on the request made by the assessee…
Making March Meaningful – Tax caution before 31st March Ends
Making March Meaningful – Tax caution before 31st March Ends March is always crucial not only for the taxpayers in…
Compensation for sterilisation of profit earning source is a capital receipt not taxable: ITAT Ahmedabad
Compensation for sterilisation of profit earning source is a capital receipt not taxable: ITAT Ahmedabad Here is an important judgement…
