Income TaxOrder passed by an authority without jurisdiction is void ab initio; can’t be enforced: HC1 year agoOrder passed by an authority without jurisdiction is void ab initio; can’t be enforced: HC PCIT v. Divine Light…
Income TaxPenalty for misreporting of income cannot be imposed in case there is no malafide intention: ITAT Delhi1 year agoPenalty for misreporting of income cannot be imposed in case there is no malafide intention: ITAT Delhi M/S PRANAV…
Income TaxTechnical services provided to US residents are taxable in India only if make available condition is fulfilled: ITAT Delhi1 year agoTechnical services provided to US residents are taxable in India only if make available condition is fulfilled: ITAT Delhi …
Income TaxWhether the addition on the basis of such dumb document is sustainable or not?1 year agoWhether the addition on the basis of such dumb document is sustainable or not? The addition on the basis…
Income TaxTaxpayers to get a choice – Whether to pay tax @20% with indexation or 12.50% with Indexation1 year agoTaxpayers to get a choice – Whether to pay tax @20% with indexation or 12.50% with Indexation Finallly, Indexation…
Income TaxInternational tax perspective in the budget:1 year agoInternational tax perspective in the budget: . 1. Equalisation levy- It is proposed that this equalisation levy at the rate…
Income TaxFM proposes amendment to Finance Bill, 2024:1 year agoFM proposes amendment to Finance Bill, 2024: 1. Grandfathering provision for long-term capital gains (LTCG) on transfer of land…
Income TaxForeign allowance for services rendered outside India is not taxable in India: ITAT Kolkata1 year agoForeign allowance for services rendered outside India is not taxable in India: ITAT Kolkata Santanu Sanyal Vs ACIT (ITAT…
Income TaxIncome Tax dept begins scrutiny in reassessment cases for AY-2018-19:1 year agoIncome Tax dept begins scrutiny in reassessment cases for AY-2018-19: The income-tax (I-T) department has started scrutinising cases for…
Income TaxNo pick and choose method permissible, if the part entries of dumb documents accepted then balance cannot be denied: ITAT Hyderabad1 year agoNo pick and choose method permissible, if the part entries of dumb documents accepted then balance cannot be denied: ITAT…
Income TaxBye Bye Indexation: LTCG rate reduced to 12.50% from 20%1 year agoBye Bye Indexation: LTCG rate reduced to 12.50% from 20% Effective from 23rd July 2024, the tax rate on Long…
Income TaxAQs issued by CBDT on the new capital gains tax regime proposed in the Union Budget 2024-251 year agoAQs issued by CBDT on the new capital gains tax regime proposed in the Union Budget 2024-25 Posted On: 24…
Income TaxPropagation of Vedic thoughts and philosophy cannot be attributed to any religion: Bangalore ITAT1 year agoPropagation of Vedic thoughts and philosophy cannot be attributed to any religion: Bangalore ITAT Denial of registration under section 80G by…
Income TaxTDSSupreme Court Upholds Vodafone Idea’s Non-Liability for TDS on Payments to Non-Resident Telecom Operators1 year agoSupreme Court Upholds Vodafone Idea’s Non-Liability for TDS on Payments to Non-Resident Telecom Operators Vodafone Idea Ltd (TS-547-SC-2024) Facts:…
Income TaxAn Overview of the Block assessments reintroduced by Union Budget -20241 year agoAn Overview of the Block assessments reintroduced by Union Budget -2024 1. There is a radical change brought in…
Income TaxCompliance Calendar for August’20241 year agoCompliance Calendar for August’2024 INCOME TAX ▪07th August 2024- Due date for payment of TCS/ TDS for the month…
Income TaxAmendments made in Form 3CD effective from AY 2024-25:1 year agoAmendments made in Form 3CD effective from AY 2024-25: Below are the clauses in which changes are made: 1.…
Income TaxTax Clearance Certificate for travelling abroad: Amendment in the budget and further clarification:1 year agoTax Clearance Certificate for travelling abroad: Amendment in the budget and further clarification: 1. Clarification by Government: The government…