Income Tax

Option to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer.

9 Apr at 1:17 pm

Option to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer. Option…

Income Tax

Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC

9 Apr at 6:18 am

Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC AGRA PORTFOLIO PVT.…

Income Tax

ITAT deletes addition of cash deposits made during demonetisation:

9 Apr at 6:00 am

ITAT deletes addition of cash deposits made during demonetisation: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi)…

Income Tax

Interest cannot be allowed as a deduction on loan used for buying agricultural land: Kerala HC

8 Apr at 1:37 pm

Interest cannot be allowed as a deduction on loan used for buying agricultural land: Kerala HC M/S. MINI…

Income Tax

CBDT Interim Action Plan for F.Y. 2024 – 2025

8 Apr at 7:15 am

CBDT Interim Action Plan for F.Y. 2024 – 2025 The copy of the order is as under: CBDT…

Capital Gain Income Tax

Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification

8 Apr at 5:58 am

Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification [Query 1] Kindly clarify the…

Income Tax

Unauthorized issuance of shared through public advertisement: MCA imposed fine of Rs. 7 Cr

6 Apr at 5:46 am

Unauthorized issuance of shared through public advertisement: MCA imposed fine of Rs. 7 Cr The Ministry of Corporate Affairs…

Income Tax

ITAT deletes addition of cash deposits made during demonetization: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi) Appeal Number : ITA No. 1612/Del/2021

6 Apr at 5:30 am

ITAT deletes addition of cash deposits made during demonetization: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi) Appeal…

Income Tax

Functionalities to file commonly used ITRs enabled by CBDT on 4st April, 2024: 23000 ITR Filed So Far.

5 Apr at 6:08 am

Functionalities to file commonly used ITRs enabled by CBDT on 4st April, 2024: 23000 ITR Filed So Far. CBDT…

Income Tax

ITAT Indore upheld the peak credit & telescoping theory

5 Apr at 5:25 am

ITAT Indore upheld the peak credit & telescoping theory ITAT Indore Bench has recently delivered an important judgment with…

Income Tax

No addition could be made under section 68 if Assessee has declared income under section 44AD: Mumbai ITAT

4 Apr at 5:20 am

No addition could be made under section 68 if Assessee has declared income under section 44AD: Mumbai ITAT Here is an…

Income Tax

Compliance Calendar for April’2024

3 Apr at 12:30 pm

Compliance Calendar for April’2024 INCOME TAX ▪️07th April 2024- Due date for payment of TCS for the month of Mar’24.…

Income Tax

Sec. 234A interest can be waived off if tax was deposited immediately after receiving notice from AO: HC

3 Apr at 5:59 am

Sec. 234A interest can be waived off if tax was deposited immediately after receiving notice from AO: HC Baso…

Income Tax

The Difference between the fair market value of the equity shares on the date of vesting of option and the date of exercise of option is an allowable expenditure : ITAT Mumbai

3 Apr at 5:39 am

The Difference between the fair market value of the equity shares on the date of vesting of option and the…

Income Tax

Power of CIT (Exemption) for Condonation of delay up to 365 days in filing of Form No. Form No. 9A & Form No. 10

2 Apr at 11:27 am

Power of CIT (Exemption) for Condonation of delay up to 365 days in filing of Form No. Form No. 9A…

GST Income Tax TDS

Statutory and Tax Compliance Calendar for April 2024

2 Apr at 8:04 am

Statutory and Tax Compliance Calendar for April 2024 S. No. Statue Purpose Compliance Period Due Date Compliance Details 1…

Income Tax

Taxability of online games:

2 Apr at 5:34 am

Taxability of online games: Introduction: Taxability of online winnings before the introduction of section 115BBJ of the Income Tax…

Income Tax

Overview of the New Tax Rules for filing ITR for the FY 2023-24

1 Apr at 7:04 am

Overview of the New Tax Rules for filing ITR for the FY 2023-24 Income tax return (ITR) forms for…

Income Tax

Option to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer.

Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC

ITAT deletes addition of cash deposits made during demonetisation:

Interest cannot be allowed as a deduction on loan used for buying agricultural land: Kerala HC

CBDT Interim Action Plan for F.Y. 2024 – 2025

Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification

Unauthorized issuance of shared through public advertisement: MCA imposed fine of Rs. 7 Cr

ITAT deletes addition of cash deposits made during demonetization: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi) Appeal Number : ITA No. 1612/Del/2021

Functionalities to file commonly used ITRs enabled by CBDT on 4st April, 2024: 23000 ITR Filed So Far.

ITAT Indore upheld the peak credit & telescoping theory

No addition could be made under section 68 if Assessee has declared income under section 44AD: Mumbai ITAT

Compliance Calendar for April’2024

Sec. 234A interest can be waived off if tax was deposited immediately after receiving notice from AO: HC

The Difference between the fair market value of the equity shares on the date of vesting of option and the date of exercise of option is an allowable expenditure : ITAT Mumbai

Power of CIT (Exemption) for Condonation of delay up to 365 days in filing of Form No. Form No. 9A & Form No. 10

Statutory and Tax Compliance Calendar for April 2024

Taxability of online games:

Overview of the New Tax Rules for filing ITR for the FY 2023-24

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