Cryptocurrency taxable as Capital Gain and eligible for exemption U/s 54F: Jodhpur ITAT
Cryptocurrency taxable as Capital Gain and eligible for exemption U/s 54F: Jodhpur ITAT Here is an interesting case on…
Income Tax
Transfer by way of gift pursuant to court order need to be considered at the actual cost in the hands of the recipient and eligible for deprecation: Delhi ITAT
Transfer by way of gift pursuant to court order need to be considered at the actual cost in the hands…
CBDT launched E-campaign under the e-Verification Scheme, 2021 to reconcile discrepancies between your AIS & ITR
CBDT launched E-campaign under the e-Verification Scheme, 2021 to reconcile discrepancies between your AIS & ITR Recently, CBDT has…
CIT (E) cannot deny registration U/s 12AB solely on the basis of a presumed commercial nature of the objects: ITAT, Indore.
CIT (E) cannot deny registration U/s 12AB solely on the basis of a presumed commercial nature of the objects: ITAT,…
Shares Gifted and recorded at Higher Value in the books – No tax U/s 56(2)(x): ITAT Mumbai
Shares Gifted and recorded at Higher Value in the books – No tax U/s 56(2)(x): ITAT Mumbai The issue…
Whether the GST Officers are empowered to seize cash at the time of raid of the premises of the assessee in exercise of their powers under Section 67(2) of the C.G.S.T. Act?
Whether the GST Officers are empowered to seize cash at the time of raid of the premises of the assessee…
Hire Charges of vessel does not constitute ‘Royalty’ under India-Singapore DTAA
Hire Charges of vessel does not constitute ‘Royalty’ under India-Singapore DTAA As held by the Hon’ble Delhi Tribunal in…
Crypto Gains Before 2022 : ITAT Clears the Fog on Tax Treatment
Crypto Gains Before 2022 : ITAT Clears the Fog on Tax Treatment The Jodhpur ITAT, in Raunaq Prakash Jain vs.…
Transfer of jurisdiction under section 127: Non-disclosure of reasons or failure to provide a hearing to the assessee renders the transfer order invalid.
Transfer of jurisdiction under section 127: Non-disclosure of reasons or failure to provide a hearing to the assessee renders the…
No Capital gain exemption where more than one flat purchase is on separate floors, located at diagonally opposite ends of the same tower.
No Capital gain exemption where more than one flat purchase is on separate floors, located at diagonally opposite ends of…
Guidance Note 2/2024 on provision of the Direct Tax Vivad se Vishwas Scheme 2024
Guidance Note 2/2024 on provision of the Direct Tax Vivad se Vishwas Scheme 2024 The copy of the Circular…
Where the basis of appeal is the ITR, the appeal would be dismissed, if the return is invalid: ITAT Chandigarh
Where the basis of appeal is the ITR, the appeal would be dismissed, if the return is invalid: ITAT Chandigarh…
Transfer of Funds or Assets to a Family Trust with Non-Resident Beneficiaries: Need to have a cautious approach.
Transfer of Funds or Assets to a Family Trust with Non-Resident Beneficiaries: Need to have a cautious approach. Recently,…
Indian Resident is entitled to claim indexation benefit on sale of foreign assets while computing long term capital gains under Section 45
Indian Resident is entitled to claim indexation benefit on sale of foreign assets while computing long term capital gains under…
Before 31st Dec’ 2024 ends – Tax Compliances checklist
Before 31st Dec’ 2024 ends – Tax Compliances checklist Ah, December. The month of cold festive cheer, last-minute gift shopping,…
Actual write – off of bad debts in the books is sufficient for claiming the deduction – There is no need for evidence to substantiate claims of bad debts.
Actual write – off of bad debts in the books is sufficient for claiming the deduction – There is no need…
Reimbursement of employer related expenses is not an income for the Employees:
Reimbursement of employer related expenses is not an income for the Employees: Introduction: 1. The term “reimbursement” has not been…
Delhi HC asked CBDT to consider eligibility of VSVS 2024 by those taxpayers wherein statutory timelimit to file appeal has not expired on 22.7.2024.
Delhi HC asked CBDT to consider eligibility of VSVS 2024 by those taxpayers wherein statutory timelimit to file appeal has…
