Income Tax

Capital gains on Sale of agricultural land situated beyond 8 kms from local limit of any municipal or cantonment area & applicability of section 50C

7 years ago

Capital gains on Sale of agricultural land situated beyond 8 kms from local limit of any municipal or cantonment…

Income Tax

Amount of Payment to be made under Vivad se Vishwas Scheme: A Summary in a Chart

7 years ago

Amount of Payment to be made under Vivad se Vishwas Scheme: A Summary in a Chart The person opting for…

Income Tax

Why Tax consultants are portrayed as the Villain ?

7 years ago

Why Tax consultants are portrayed as the Villain ? One who facilitates the process of tax collection & tax compliance…

Income Tax

Whatsapp helps Income Tax Department to track illegal Investments

7 years ago

Whatsapp helps Income Tax Department to track illegal Investments

Income Tax

Settling Tax Disputes by Vivad Se Vishwas Scheme – 2020

7 years ago

Settling Tax Disputes by Vivad Se Vishwas Scheme – 2020 To reduce the pending income tax litigation & unlock the blocked…

Income Tax

Frequently Asked Questions on LLP Settlement Scheme, 2020 issued by the Ministry of Corporate Affairs

7 years ago

Frequently Asked Questions on LLP Settlement Scheme, 2020 issued by the Ministry of Corporate Affairs Frequently Asked Questions on…

Income Tax

Special audit under section 142(2A) & Opportunity of hearing

7 years ago

Income Tax

A discretionary private trust is assessable as an “individual” and not as an “AOP” as”individual” includes group of individuals

7 years ago

A discretionary private trust is assessable as an “individual” and not as an “AOP” as “individual” includes group of individuals…

Income Tax

Inheritance of property by legal heir and rental income derived there-from: Whether Income of an AOP or Individual Income?

7 years ago

COMMISSIONER OF INCOME TAX vs. INDIRA BALKRISHNA SUPREME COURT OF INDIA S.K. Das, Kapur & Hidayatullah, JJ. Civil Appeals Nos.…

Income Tax

SC criticizes ICAI for adopting an “Hyper-Technical” Approach in its investigation of MAFs and submitting to the Court that though MAFs were involved in violating ethics and law, the MAFs were not amenable to ICAI’s disciplinary jurisdiction

7 years ago

SC criticizes ICAI for adopting an “Hyper-Technical” Approach in its investigation of MAFs and submitting to the Court that though…

Income Tax

ITAT slammed AO for invoking sec. 153A in absence of any incriminating material found during search

7 years ago

ITAT slammed AO for invoking sec. 153A in absence of any incriminating material found during search [2020] 114 taxmann.com 536 (Ranchi-Trib.) Where…

IT Judgement

Penny stock case dismissed by Ahmedabad Bench of ITAT

7 years ago

Penny stock case dismissed by Ahmedabad Bench of ITAT Bhagwatiben Vinodkumar Surani vs ITO.pdf Penny stock case dismissed by Ahmedabad…

Income Tax

In a Partnership firm of father and son, father has retiremd and son continues the firm as a proprietor without communicating the fact to the bank. AO want to assessee the income as income of firm and not of Individual partner.

7 years ago

In a Partnership firm of father and son, father has retiremd and son continues the firm as a proprietor without…

Income Tax

4 Person purchased land and sold part of it after construction. Whether its an income of an AOP or Individuals?

7 years ago

4 Person purchased land and sold part of it after construction. Whether its an income of an AOP or Individuals?…

Income Tax

Assessment and taxation of trust is always a matter of interesting issues. The taxation and assessment differs as the concept of “application” of income needs to be imported while making an assessment.

7 years ago

Assessment of Trust: Excess application (i.e., Deficit) in earlier years can be adjusted against income of subsequent years …

Income Tax

Where assessee-HUF consisted of only two coparceners, viz., Karta and his son, on Karta dying intestate, son’s share in HUF would become property of son’s HUF, and father’s share would come to son in his individual capacity and assessee-HUF would be taxable only in respect of half of properties acquired by HUF headed by Karta (father)

7 years ago

Where assessee-HUF consisted of only two coparceners, viz., Karta and his son, on Karta dying intestate, son’s share in…

IT Judgement

Timing of Taxation of Capital Gain: Assessee’s rights in the immovable property extinguished on the receipt of the last cheque

7 years ago

Timing of Taxation of Capital Gain: Assessee’s rights in the immovable property extinguished on the receipt of the last cheque…

Income Tax

Rent to Father – Not a Tax Evasion Tool : Mumbai ITAT

7 years ago

Rent to Father – Not a Tax Evasion Tool : Mumbai ITAT Here is a significant Ruling by ITAT Mumbai…

Income Tax

Capital gains on Sale of agricultural land situated beyond 8 kms from local limit of any municipal or cantonment area & applicability of section 50C

Amount of Payment to be made under Vivad se Vishwas Scheme: A Summary in a Chart

Why Tax consultants are portrayed as the Villain ?

Whatsapp helps Income Tax Department to track illegal Investments

Settling Tax Disputes by Vivad Se Vishwas Scheme – 2020

Frequently Asked Questions on LLP Settlement Scheme, 2020 issued by the Ministry of Corporate Affairs

Special audit under section 142(2A) & Opportunity of hearing

A discretionary private trust is assessable as an “individual” and not as an “AOP” as”individual” includes group of individuals

Inheritance of property by legal heir and rental income derived there-from: Whether Income of an AOP or Individual Income?

SC criticizes ICAI for adopting an “Hyper-Technical” Approach in its investigation of MAFs and submitting to the Court that though MAFs were involved in violating ethics and law, the MAFs were not amenable to ICAI’s disciplinary jurisdiction

ITAT slammed AO for invoking sec. 153A in absence of any incriminating material found during search

Penny stock case dismissed by Ahmedabad Bench of ITAT

In a Partnership firm of father and son, father has retiremd and son continues the firm as a proprietor without communicating the fact to the bank. AO want to assessee the income as income of firm and not of Individual partner.

4 Person purchased land and sold part of it after construction. Whether its an income of an AOP or Individuals?

Assessment and taxation of trust is always a matter of interesting issues. The taxation and assessment differs as the concept of “application” of income needs to be imported while making an assessment.

Timing of Taxation of Capital Gain: Assessee’s rights in the immovable property extinguished on the receipt of the last cheque

Rent to Father – Not a Tax Evasion Tool : Mumbai ITAT

Recent Posts

Recent Posts

Sign Up to New letter