An overview of the ROC Compliance & Due Dates for the FY 2024-25
An overview of the ROC Compliance & Due Dates for the FY 2024-25 1. April 30, 2025 Form MSME-1 (Half-Yearly…
Income Tax
Hello Companies! Don’t Miss to file Form MSME-1 – The New Compliance!
Hello Companies! Don’t Miss to file Form MSME-1 – The New Compliance! For all companies in India dealing with…
ITAT, Delhi Quashes Penalty for Non-Compliance of Invalid Unsigned Notices Under Section 272A(1)(d)
ITAT, Delhi Quashes Penalty for Non-Compliance of Invalid Unsigned Notices Under Section 272A(1)(d) Recenlty, ITAT, Delhi Quashes Penalty for…
Would a gift given by step brother/ sister be exempt from tax?
Would a gift given by step brother/ sister be exempt from tax? Issue: 1. Assessee has received a property as…
Penalty u/s. 270A not leviable as order and notice failed to specify applicable limb: Pune ITAT
Penalty u/s. 270A not leviable as order and notice failed to specify applicable limb: Pune ITAT Deputy Commissioner Of…
Section 50C of the Act is applicable to a property held in leasehold right: Bombay HC
Section 50C of the Act is applicable to a property held in leasehold right: Bombay HC Recently, Bombay HC,…
Whether surcharge is applicable at respective surcharge slab rate or at maximum surcharge rate in case of the Private Discretionary Trust?
Whether surcharge is applicable at respective surcharge slab rate or at maximum surcharge rate in case of the Private Discretionary Trust?…
Permanent Registration of the Trust: There is no error in claiming exemption under ss. 11 and 12 of the Act when the trust was armed with provisional registration – Nagpur ITAT
Permanent Registration of the Trust: There is no error in claiming exemption under ss. 11 and 12 of the Act when…
Application under Section 12A (1)(ac)(vi)-Item ‘B of the IT Act, 1961 is not incorrect even if the trust has claimed any deduction under section 11/12 in earlier years: Nagpur ITAT
Application under Section 12A (1)(ac)(vi)-Item ‘B of the IT Act, 1961 is not incorrect even if the trust has claimed…
Redevelopment Scheme: Whether the difference between the stamp duty value of the new flat and the indexed cost of the old one as a taxable “gift” under Section 56(2)(x)?
Redevelopment Scheme: Whether the difference between the stamp duty value of the new flat and the indexed cost of the…
Where the reasons on the basis of which the reassessment proceedings were opened had been deleted; no other addition or disallowance on any other grounds, could be sustained
Where the reasons on the basis of which the reassessment proceedings were opened had been deleted; no other addition or…
80IAC benefits for start-ups: An Overview
80IAC benefits for start-ups: An Overview 1. What is Sec 80IAC? Section 80IAC allows for a 100% deduction of the…
Section 43B(h) Of Income Tax Act Vs. MSME
Section 43B(h) Of Income Tax Act Vs. MSME The Finance Act 2023 inserted Section 43B(h), which stipulates that any sum owed to Micro and…
CBDT Notifies HUDCO Bonds as Long-Term Specified Asset u/s 54EC for FY 2025-26…
CBDT Notifies HUDCO Bonds as Long-Term Specified Asset u/s 54EC for FY 2025-26… The copy of the Notification is…
Income tax dept notifies form ITR-B for taxpayers on whom search, or requisition operation has been initiated
Income tax dept notifies form ITR-B for taxpayers on whom search, or requisition operation has been initiated The Ministry…
Deduction towards contingent liability allowed by AO: No revision U/s 263 permissible if AO had conducted proper inquiry and verification – ITAT Mumbai
Deduction towards contingent liability allowed by AO: No revision U/s 263 permissible if AO had conducted proper inquiry and verification…
Assessing Officer refuses to even issue the summons under section 131(1) – ITAT deleted addition
Assessing Officer refuses to even issue the summons under section 131(1) – ITAT deleted addition Here is one interesting…
Redeveloped Flat received from builder is not a “Gift” under section 56(2)(x): Mumbai ITAT
Redeveloped Flat received from builder is not a “Gift” under section 56(2)(x): Mumbai ITAT During the redevelopment process, normally…
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