LIC Maturity proceeds of NRI & it’s Taxation
LIC Maturity proceeds of NRI & it’s Taxation Query) My client (A) has taken insurance policy in the name of…
Income Tax
Existence of books of accounts is an essential condition for addition under section 68
Existence of books of accounts is an essential condition for addition under section 68 Here is an important judgement…
The delay of 6 years in filing revised Income Tax Return (ITR) may be condoned.
The delay of 6 years in filing revised Income Tax Return (ITR) may be condoned. This is what has been…
AO should not take a call on how the assessee should organise his fiscal affairs so as to serve the interests of revenue authorities. : Mumbai ITAT
AO should not take a call on how the assessee should organise his fiscal affairs so as to serve the…
Letting out of the land independently which is part of the business asset of the assessee can be treated as income from business only
Letting out of the land independently which is part of the business asset of the assessee can be treated as…
Maharashtra VAT Amnesty Bonanza announced in State Budget.
Maharashtra VAT Amnesty Bonanza announced in State Budget. 100% waiver of dues under 10,000 Pay 20% of pending dues and…
Employees’ State Insurance (Central) Amendment Rules, 2022.
Employees’ State Insurance (Central) Amendment Rules, 2022. MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 7th March, 2022 G.S.R.…
CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE ALLEGATIONS OF CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE ALLEGATIONS OF MISAPPROPRIATION OF RS.1.62 CRORE (APPROX) AND CONDUCTS SEARCHES
CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE ALLEGATIONS OF CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE…
Reason for reopening” is the document which requires threadbare analysis and careful consideration: Bombay High Court
Reason for reopening” is the document which requires threadbare analysis and careful consideration: Bombay High Court Bombay HC in yet…
“This is a fit case where this Assessing Officer should be saddled with substantial cost to drive home a message that this kind of attitude will not be tolerated ever”: Bombay HC in a case decided under faceless assessment scheme
“This is a fit case where this Assessing Officer should be saddled with substantial cost to drive home a message…
No addition under section 68 possible for cash deposit in the bank account if taxpayer is following presumptive scheme of taxation
No addition under section 68 possible for cash deposit in the bank account if taxpayer is following presumptive scheme of…
INCOME FROM UNSOLD FLATS SHALL BE TREATED AS BUSINESS INCOME OF THE DEVELOPER AND NO INCOME FROM HOUSE PROPERTY ON THE BASIS OF ANNUAL LETTING VALUE OR NOTIONAL VALUE OF RENT.
INCOME FROM UNSOLD FLATS SHALL BE TREATED AS BUSINESS INCOME OF THE DEVELOPER AND NO INCOME FROM HOUSE PROPERTY ON…
AO should deal with each objection and give proper reasons for the conclusion for section 148 Reassessment: Bombay HC
AO should deal with each objection and give proper reasons for the conclusion for section 148 Reassessment: Bombay HC The…
Delay of 6 years in filing revised Income Tax Return (ITR) may be condoned: Karnataka HC
Delay of 6 years in filing revised Income Tax Return (ITR) may be condoned: Karnataka HC The karnataka HC has…
Any disallowance computed under section 14A pertaining to computation of income under normal provisions of the Act cannot be read into provisions of section 115JB
Any disallowance computed under section 14A pertaining to computation of income under normal provisions of the Act cannot be read…
Amendment brought by Finance Act, 2021 to section 36(1)(via) and 43B, whether prospective or retrospective in effect?
Amendment brought by Finance Act, 2021 to section 36(1)(via) and 43B, whether prospective or retrospective in effect? Short Overview Amendment…
Disallowance under section 14A if Assessee’s own funds exceeded investments & Assessee did not earn any exempt income during the year
Disallowance under section 14A if Assessee’s own funds exceeded investments & Assessee did not earn any exempt income during the year…
Section 171(1) makes it very clear that it is applicable only where a Hindu family was already assessed as an Hindu Undivided Family (HUF)
Section 171(1) makes it very clear that it is applicable only where a Hindu family was already assessed as an…
 makes it very clear that it is applicable only where a Hindu family was already assessed as an Hindu Undivided Family (HUF)){kind=link}
 makes it very clear that it is applicable only where a Hindu family was already assessed as an Hindu Undivided Family (HUF)&description=&image=https://thetaxtalk.com/wp-content/uploads/2022/03/Untitled-594.jpg){kind=link}