Whether penalty is leviable if the income offered to tax during the assessment proceeding post survey?
Whether penalty is leviable if the income offered to tax during the assessment proceeding post survey? A recent Mumbai…
Income Tax
Educational Activities are neither business nor profession and are covered under section 2 (15) of Income Tax Act: Delhi High Court
Educational Activities are neither business nor profession and are covered under section 2 (15) of Income Tax Act: Delhi High…
Relevance of real income vis a vis deemed income:
Relevance of real income vis a vis deemed income: Concept: 1. Income becomes taxable on the footing of accrual…
Exemption U/S 11 cannot be denied merely due to delay in filing Form 10B: ITAT Delhi
Exemption U/S 11 cannot be denied merely due to delay in filing Form 10B: ITAT Delhi Shambhu Dayal Modern…
FAQs on PFA & Defective for ITR 1to 6 for AY 24-25
FAQs on PFA & Defective for ITR 1to 6 for AY 24-25 The copy of the order is as under:…
Indexation benefit restored: Finance Bill 2024 passed by Loksabha
Indexation benefit restored: Finance Bill 2024 passed by Loksabha The Finance Bill 2024 is passed in the Lok Sabha…
Order passed by an authority without jurisdiction is void ab initio; can’t be enforced: HC
Order passed by an authority without jurisdiction is void ab initio; can’t be enforced: HC PCIT v. Divine Light…
Penalty for misreporting of income cannot be imposed in case there is no malafide intention: ITAT Delhi
Penalty for misreporting of income cannot be imposed in case there is no malafide intention: ITAT Delhi M/S PRANAV…
Technical services provided to US residents are taxable in India only if make available condition is fulfilled: ITAT Delhi
Technical services provided to US residents are taxable in India only if make available condition is fulfilled: ITAT Delhi …
Whether the addition on the basis of such dumb document is sustainable or not?
Whether the addition on the basis of such dumb document is sustainable or not? The addition on the basis…
Taxpayers to get a choice – Whether to pay tax @20% with indexation or 12.50% with Indexation
Taxpayers to get a choice – Whether to pay tax @20% with indexation or 12.50% with Indexation Finallly, Indexation…
International tax perspective in the budget:
International tax perspective in the budget: . 1. Equalisation levy- It is proposed that this equalisation levy at the rate…
FM proposes amendment to Finance Bill, 2024:
FM proposes amendment to Finance Bill, 2024: 1. Grandfathering provision for long-term capital gains (LTCG) on transfer of land…
Foreign allowance for services rendered outside India is not taxable in India: ITAT Kolkata
Foreign allowance for services rendered outside India is not taxable in India: ITAT Kolkata Santanu Sanyal Vs ACIT (ITAT…
Income Tax dept begins scrutiny in reassessment cases for AY-2018-19:
Income Tax dept begins scrutiny in reassessment cases for AY-2018-19: The income-tax (I-T) department has started scrutinising cases for…
No pick and choose method permissible, if the part entries of dumb documents accepted then balance cannot be denied: ITAT Hyderabad
No pick and choose method permissible, if the part entries of dumb documents accepted then balance cannot be denied: ITAT…
Bye Bye Indexation: LTCG rate reduced to 12.50% from 20%
Bye Bye Indexation: LTCG rate reduced to 12.50% from 20% Effective from 23rd July 2024, the tax rate on Long…
AQs issued by CBDT on the new capital gains tax regime proposed in the Union Budget 2024-25
AQs issued by CBDT on the new capital gains tax regime proposed in the Union Budget 2024-25 Posted On: 24…
