Income TaxCBDT further extends the due date for submitting the Trust audit reports to 10 Nov 2024 AY 2023-2410 months agoCBDT further extends the due date for submitting the Trust audit reports to 10 Nov 2024 AY 2023-24 The…
Income TaxUnjust Tax Demands: The Confusion over Rebate Under Section 87A11 months agoUnjust Tax Demands: The Confusion over Rebate Under Section 87A Many taxpayers are receiving the Income Tax Demand Notices…
Income TaxIf the construction of a building is integral to providing services such as renting, it may fall under the “plant” and eligible for ITC: Supreme Court in Safari Retreats Case11 months agoIf the construction of a building is integral to providing services such as renting, it may fall under the “plant”…
Income TaxTaxability of dividend received from foreign companies11 months agoTaxability of dividend received from foreign companies The term dividend has been defined in Section 2(22) in an inclusive…
Income TaxIncome Tax Demand Notices Vs . Disallowance of Rebate under section11 months agoIncome Tax Demand Notices Vs . Disallowance of Rebate under section Section Many taxpayers are currently receiving Income Tax…
Income TaxTOLA Will Continue To Apply To Income Tax Act After April 1, 2021 If Any Action Or Proceeding Falls For Completion Between March 20, 2020 & March 31, 2021: SC11 months agoTOLA Will Continue To Apply To Income Tax Act After April 1, 2021 If Any Action Or Proceeding Falls For…
Income TaxCompliance Calendar For October’ 202411 months agoCompliance Calendar For October’ 2024 INCOME TAX ▪ 07th October 2024- Due date for payment of TCS/ TDS for…
Income TaxCancellation of or suitable amendment in Sections 57 and 213 of the Indian Succession Act, 1925, which makes mandatory to obtain Probate only to Hindus, Buddhists, Sikhs and Jains residing in Mumbai, Kolkata and Chennai.11 months agoCancellation of or suitable amendment in Sections 57 and 213 of the Indian Succession Act, 1925, which makes mandatory to…
Income TaxSome key amendments from the Union Budget 2024 that will take effect from October 1, 2024:11 months agoSome key amendments from the Union Budget 2024 that will take effect from October 1, 2024: 1. Direct Tax…
Income TaxSec 43A is applicable only to foreign exchange fluctuations on loan taken to import capital assets: Bombay HC11 months agoSec 43A is applicable only to foreign exchange fluctuations on loan taken to import capital assets: Bombay HC PR.…
Income TaxAn Overview of Form No. 10F under thr Income Tax Law11 months agoAn Overview of Form No. 10F under thr Income Tax Law 1. Form 10F is a self-declaration tax…
Income TaxTime to resolve the Tax Disputes by VSVS – 2.011 months agoTime to resolve the Tax Disputes by VSVS – 2.0 “For resolution of certain income tax disputes pending in…
IT Judgement1. Assessment against deceased person: Participation in the reassessment proceedings cannot be regarded as waiver or submitting to the jurisdiction of the AO without objection.11 months agoAssessment against deceased person: Participation in the reassessment proceedings cannot be regarded as waiver or submitting to the jurisdiction of…
Income TaxVivad Se Vishwas Scheme 2.0 (“VsV 2024”): A Golden Opportunity for Taxpayers11 months agoVivad Se Vishwas Scheme 2.0 (“VsV 2024”): A Golden Opportunity for Taxpayers After the success of the Vivad Se…
Income TaxDeemed dividend under section 2(22)(e) is not applicable in the absence of actual payment of sum directly by the company to its shareholder11 months agoDeemed dividend under section 2(22)(e) is not applicable in the absence of actual payment of sum directly by the company…
Income TaxHC set aside order since assessee was unaware of notices which were uploaded in GST common portal11 months agoHC set aside order since assessee was unaware of notices which were uploaded in GST common portal A lot…
Income Taxother topicWhich companies are required to convert the physical shares in to de-mat A/c & consequences for non compliance?11 months agoWhich companies are required to convert the physical shares in to de-mat A/c & consequences for non compliance? De-Materialisation…
Capital GainIncome TaxLong Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under the ambit of legitimate tax planning and is a colourable device to evade tax: Mumbai ITAT11 months agoLong Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under…