Buying Electric Vehicle to get income tax benefit
Buying Electric Vehicle to get income tax benefit Go green is the new mantra across the globe. Tax policies are…
Income Tax
No failure on assessee’s part to disclose fully and truly all material facts during original assessment – Whether Reassessment proeeding justified?
No failure on assessee’s part to disclose fully and truly all material facts during original assessment – Whether Reassessment proeeding…
Validity of Reassessment on the basis of information gathered during course of statement recorded under section 132(4) from searched person by investigation wing
Validity of Reassessment on the basis of information gathered during course of statement recorded under section 132(4) from searched person by…
IT department detects massive under invoicing, while actual value could be Rs 2,000 crores, declared value is Rs 20 crores.
IT department detects massive under invoicing, while actual value could be Rs 2,000 crores, declared value is Rs 20 crores. …
Bombay HC asked the Income Tax department to communicate to the Finance Minister and Team about the Casual approach of the Assessing Officers. Court may impose personal Cost on the assessing Officer in future for casual approach.
Bombay HC asked the Income Tax department to communicate to the Finance Minister and Team about the Casual approach of…
Whether professional fees paid to directors of a company may be disallowed if it is not in excess of market rate?
Whether professional fees paid to directors of a company may be disallowed if it is not in excess of market…
Whether re-opening of assessment is valid where cash payments over Rs. 20,000/- made by assessee escape scrutiny u/s 40A(3)?
Whether re-opening of assessment is valid where cash payments over Rs. 20,000/- made by assessee escape scrutiny u/s 40A(3)? This…
Whether commission paid by an exporter to a non-resident agent and/or a foreign agent for service provided outside India for procuring orders is taxable in India?
Whether commission paid by an exporter to a non-resident agent and/or a foreign agent for service provided outside India for…
Non-consideration of certain information during original assessment is valid ground to reopen assessment: HC
Non-consideration of certain information during original assessment is valid ground to reopen assessment: HC Cognizant Technology Solutions India (P.) Ltd.…
Sec. 43CA applicable even if agreement for sale was entered prior to date when said section came into force: ITAT
Sec. 43CA applicable even if agreement for sale was entered prior to date when said section came into force: ITAT…
Income tax Timelines related with house property By Balwant Jain
Income tax Timelines related with house property By Balwant Jain Author Balwant Jain The income tax laws…
No New Facts – No Reassessment Proceeding: Madras High Court
No New Facts – No Reassessment Proceeding: Madras High Court Madras High Court in the case of Cognizant Technology Solutions India…
Constitution of an Expert Group on Tobacco Taxation by Government
Constitution of an Expert Group on Tobacco Taxation by Government No. P.16017/23/2019-TC Government of India Ministry of Health and Family…
How to claim credit for taxes paid abroad?
How to claim credit for taxes paid abroad? World is turning out to be a global village. Everyone is moving…
Genuine issue of Shares to Shareholders not to be considered under Anti-Abuse Provisions of the Income Tax Act
Genuine issue of Shares to Shareholders not to be considered under Anti-Abuse Provisions of the Income Tax Act Income Tax…
Capital Gain Exemption: 2 years or 3 years for flat Purchase?
Capital Gain Exemption: 2 years or 3 years for flat Purchase? Here is a CBDT Circular which may be…
Income Tax Department conducts searches on groups engaged in the business of Digital Marketing & Waste Management
Income Tax Department conducts searches on groups engaged in the business of Digital Marketing & Waste Management The Income…
Extension of form 5 in RERA for FY 2020-21 extended to 31st Dec 2021
Extension of form 5 in RERA for FY 2020-21 extended to 31st Dec 2021 Extension of form 5 in…
