“Human probabilities” and the concept of penny stock may not justify additioni without assessee’s involvement
“Human probabilities” and the concept of penny stock may not justify additioni without assessee’s involvement The ITAT Delhi in…
Income Tax
New law to curb unregulated and fraudulent private money lending practices
New law to curb unregulated and fraudulent private money lending practices A draft of the ‘Banning of Unregulated Lending Activities’…
Can purchase of more than one residential unit by HUF qualify for Sec 54 benefits?
Can purchase of more than one residential unit by HUF qualify for Sec 54 benefits? Situation: 1. Consider a…
Interest on surplus fund during pre-commencement of the business – Whether Business Income or Other source Income?
Interest on surplus fund during pre-commencement of the business – Whether Business Income or Other source Income? The question of…
Conversion of Sole Proprietorship to a Company is not a transfer & Exempt from capital gains tax
Conversion of Sole Proprietorship to a Company is not a transfer & Exempt from capital gains tax Conversion of Sole…
Change in the Tax Law Related to Partnership Firm & the Controversial issues
Change in the Tax Law Related to Partnership Firm & the Controversial issues Amendment in remuneration limit: 1. The…
Taxpayers Facing Assessments Due to ITC Claimed Under the Wrong Head- Relief by Kerala HC
Taxpayers Facing Assessments Due to ITC Claimed Under the Wrong Head- Relief by Kerala HC Taxpayers undergoing assessments for ITC…
Depending on your country of residence, you could save a good chunk capital gains tax.
Depending on your country of residence, you could save a good chunk capital gains tax. Here’s how you can…
Direct Tax Vivad se Vishwas Scheme 2024: Time to Early Resolve Your Tax Disputes!
Direct Tax Vivad se Vishwas Scheme 2024: Time to Early Resolve Your Tax Disputes! The Direct Tax Vivad se…
JAO Vs. FAO: The Jurisdictional Battle continues
JAO Vs. FAO: The Jurisdictional Battle continues Recently, Madras High Court in the case of Mark Studio India Private…
E-invoicing software solutions to Indian Company is taxable as “Fee for Technical Services” (FTS) taxable under Indian law.
E-invoicing software solutions to Indian Company is taxable as “Fee for Technical Services” (FTS) taxable under Indian law. The…
10 Points to consider for filing Revised Income Tax Returns [Last Date: December 31, 2024]
10 Points to consider for filing Revised Income Tax Returns [Last Date: December 31, 2024] The tax season is…
Update on Rebate u/s 87A: Bombay High Court Relief
Update on Rebate u/s 87A: Bombay High Court Relief The Chamber of Tax Consultants filed a PIL before the…
Relaxation in the provisions for availing VSV Scheme II.
Relaxation in the provisions for availing VSV Scheme II. The copy of the order is as under: Representation to…
Condonation of delay in the case of Income Tax Appeals:
Condonation of delay in the case of Income Tax Appeals: 1. Limitation Act: As per Section 5 of the…
Even if the charitable trust is not registered u/s.12AA the entire gross receipts can’t be taxed and all legitimate deductions are allowable.
Even if the charitable trust is not registered u/s.12AA the entire gross receipts can’t be taxed and all legitimate deductions…
Car registered in the name of another person – ITAT, Mumbai disallowed the claim of depreciation
Car registered in the name of another person – ITAT, Mumbai disallowed the claim of depreciation ITAT in the…
Whether ITC is eligible in the absence of proof of the genuineness of transactions?
Whether ITC is eligible in the absence of proof of the genuineness of transactions? The Honorable Supreme Court in…
