Income TaxITC Not allowed on Supply Received from Non-existent Firm1 year agoITC Not allowed on Supply Received from Non-existent Firm The Allahabad High Court has held that the authorities are…
Income TaxAddition cannot be made under Section 68, merely for non-response from directors to notices: Calcutta HC1 year agoAddition cannot be made under Section 68, merely for non-response from directors to notices: Calcutta HC PCIT Vs Atlantic…
GSTIncome TaxTDSTaxmann’s Income Tax Compliance Calendar for F.Y. 2024-251 year agoTaxmann’s Income Tax Compliance Calendar for F.Y. 2024-25 The copy of the order is as under: Taxmann's Income…
Income TaxStatement of Financial Transactions (SFT): Don’t forget to file before May 31st, 20241 year agoStatement of Financial Transactions (SFT): Don’t forget to file before May 31st, 2024 Delay in filing SFT may…
Income TaxAll about Sec 119(2)(b) application for condonation of delay1 year agoAll about Sec 119(2)(b) application for condonation of delay 1. Section 119 empowers the Central Board of Taxes (CBDT)…
Income TaxNew Tax Regime: Senior Citizens at par with others1 year agoNew Tax Regime: Senior Citizens at par with others [Query 1] Sr. citizens are always in dilemma whether to…
Income TaxIT JudgementSec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai1 year agoSec 54 deduction is available when new residential property is purchased in spouse’s name: ITAT Mumbai Gopalkrishna Pandu Shetty…
Income TaxRevenue is misinterpreting the Scheme, perhaps to cover its deficiency of not following the Scheme for issuing notice under Section 148 by JAO & not by FAO: Bombay HC1 year agoRevenue is misinterpreting the Scheme, perhaps to cover its deficiency of not following the Scheme for issuing notice under Section…
Income TaxSection 44AD would not operate to curtail the scope of income as defined under s. 2(24): ITAT Ahmedabad1 year agoSection 44AD would not operate to curtail the scope of income as defined under s. 2(24): ITAT Ahmedabad One of the…
Income TaxAddition cannot be made under Section 68, merely for non-response from directors to notices: Calcutta HC1 year agoAddition cannot be made under Section 68, merely for non-response from directors to notices: Calcutta HC PCIT Vs Atlantic…
Income TaxE-Assessment of Income Escaping Assessment Scheme, 2022 is clear and categorical that notice U/s 148 of the Act shall be issued through automated allocation and in a faceless manner & so Notice issued by JAO is invalid: Bombay HC1 year agoE-Assessment of Income Escaping Assessment Scheme, 2022 is clear and categorical that notice U/s 148 of the Act shall be…
Income TaxIn Faceless assessments, if the AO does not agree with the explanations provided by the assessee, an opportunity for personal hearing is mandatory: Allahabad HC1 year agoIn Faceless assessments, if the AO does not agree with the explanations provided by the assessee, an opportunity for personal…
Income TaxAll about Form No. 10BD & How to file it online1 year agoAll about Form No. 10BD & How to file it online The copy of the order is as under:…
Income TaxE-Assessment of Income Escaping Assessment Scheme, 2022] provides that the notice U/s 148 shall be issued through automated allocation, in accordance with risk management strategy- Notice issued by JAO is invalid: Bombay HC1 year agoE-Assessment of Income Escaping Assessment Scheme, 2022] provides that the notice U/s 148 shall be issued through automated allocation, in…
Income TaxAn overview of Rule No. 18AB for furnishing of Statement of Donation Received in Form No. 10BD1 year agoAn overview of Rule No. 18AB for furnishing of Statement of Donation Received in Form No. 10BD Explanation 2A…
Income TaxUnveiling Tax Evasion: Real-Life Cases Exposed by Income Tax Authorities1 year agoUnveiling Tax Evasion: Real-Life Cases Exposed by Income Tax Authorities Tax evasions are dealt strongly all over the world,…
Income TaxSection 44AD doesn’t mean straight forward deduction of 92% of Expenses1 year agoSection 44AD doesn’t mean straight forward deduction of 92% of Expenses One of the most common questions arises while…
Income TaxWhether Cash seized by the income tax department can be adjusted against Self- Assessment Tax payable by the taxpayers?1 year agoWhether Cash seized by the income tax department can be adjusted against Self- Assessment Tax payable by the taxpayers? Whether…