Income Tax

If main is to carry on the business of leasing of immovable properties then resultant income is Business Income and not House Property Income: Bombay HC

1 year ago

If main is to carry on the business of leasing of immovable properties then resultant income is Business Income and…

Income Tax

New Twist on Assessment on non-existent entity – Its not null and void: Hyderabad ITAT

1 year ago

New Twist on Assessment on non-existent entity – Its not null and void: Hyderabad ITAT Most of you would…

Income Tax

Rental Income from let out of 80 properties – Whether Business Income or Income from house property – Issue before Bombay HC

1 year ago

Rental Income from let out of 80 properties – Whether Business Income or Income from house property – Issue before…

Income Tax

Will renting of residential flat be charged only under house property post the amendment in Finance Act 2024?

1 year ago

Will renting of residential flat be charged only under house property post the amendment in Finance Act 2024? Relevant…

Income Tax

Firms opting for presumptive taxation– need for amendment in partnership deeds?

1 year ago

Firms opting for presumptive taxation– need for amendment in partnership deeds? [Query 1] I am a trader in the…

Income Tax

Mumbai ITAT Cancels Assessment Order Until Higher Income Tax Authority Approves It Under Section 151

1 year ago

Mumbai ITAT Cancels Assessment Order Until Higher Income Tax Authority Approves It Under Section 151 DCIT-42 Vs. Sunil Harischandra…

Income Tax

Can ITC be availed on motor vehicles used for transportation of passengers when there is an intention to resell the vehicle after using it for a defined period of time ?

1 year ago

Can ITC be availed on motor vehicles used for transportation of passengers when there is an intention to resell the…

Income Tax

Cash Sale transactions already credited in the P&L cannot be regarded as unexplained credit: ITAT Jaipur

1 year ago

Cash Sale transactions already credited in the P&L cannot be regarded as unexplained credit: ITAT Jaipur Facts: 1. AO…

Income Tax

𝐀𝐧𝐲 𝐜𝐥𝐚𝐢𝐦 𝐦𝐚𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐩𝐨𝐬𝐭 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞 𝐨𝐟 𝐟𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐀𝐬𝐬𝐞𝐬𝐬𝐢𝐧𝐠 𝐎𝐟𝐟𝐢𝐜𝐞𝐫

1 year ago

𝐀𝐧𝐲 𝐜𝐥𝐚𝐢𝐦 𝐦𝐚𝐝𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐩𝐨𝐬𝐭 𝐭𝐡𝐞 𝐝𝐮𝐞 𝐝𝐚𝐭𝐞 𝐨𝐟 𝐟𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐞𝐯𝐢𝐬𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐛𝐲…

Income Tax

Request for Extension of time period for filing of Annual Forms (AOC-4 CFS NBFC (Ind AS), AOC-4(XBRL), AOC-4, AOC-4(CFS), AOC-4 NBFC (Ind AS), MGT-7, MGT-7A for the Financial Year ended 31.03.2024 without levying additional fee

1 year ago

Request for Extension of time period for filing of Annual Forms (AOC-4 CFS NBFC (Ind AS), AOC-4(XBRL), AOC-4, AOC-4(CFS), AOC-4…

Income Tax

BUYING OR RENTING A HOUSE: WHICH ONE IS BETTER?

1 year ago

BUYING OR RENTING A HOUSE: WHICH ONE IS BETTER? For many Indians, owning a home is not just a goal—it’s…

Income Tax

Non disposal of application for trust registration within 6 months cannot be construed as deemed registration:

1 year ago

Non disposal of application for trust registration within 6 months cannot be construed as deemed registration: Case Title: The…

Income Tax

Will Sec 79 be applicable in case there is a change in 51% voting power but no change in beneficial ownership?

1 year ago

Will Sec 79 be applicable in case there is a change in 51% voting power but no change in beneficial…

Income Tax

Assessment done u/s 143(3) as against section 144 vs. Observation by ITAT Delhi

1 year ago

Assessment done u/s 143(3) as against section 144 vs. Observation by ITAT Delhi Recently by order dated 16.10.2024 passed…

Income Tax

Delay in filing of 8 years in filing of Appeal due to wrong advice of counsel condoned by ITAT

1 year ago

Delay in filing of 8 years in filing of Appeal due to wrong advice of counsel condoned by ITAT …

Income Tax

Brought forward depreciation loss can be set off only against business income and cannot be set off against income from any other source

1 year ago

Brought forward depreciation loss can be set off only against business income and cannot be set off against income from…

Income Tax

Can a TPO question the commercial expediency of a business transaction?

1 year ago

Can a TPO question the commercial expediency of a business transaction? 1. The Transfer Pricing Officer’s (TPO) role is…

Income Tax

Banks Can Claim Tax Deductions For Broken Period Interest On HTM Securities If Held As Trading Assets: Supreme Court

1 year ago

Banks Can Claim Tax Deductions For Broken Period Interest On HTM Securities If Held As Trading Assets: Supreme Court …

Income Tax

If main is to carry on the business of leasing of immovable properties then resultant income is Business Income and not House Property Income: Bombay HC

New Twist on Assessment on non-existent entity – Its not null and void: Hyderabad ITAT

Rental Income from let out of 80 properties – Whether Business Income or Income from house property – Issue before Bombay HC

Will renting of residential flat be charged only under house property post the amendment in Finance Act 2024?

Firms opting for presumptive taxation– need for amendment in partnership deeds?

Mumbai ITAT Cancels Assessment Order Until Higher Income Tax Authority Approves It Under Section 151

Can ITC be availed on motor vehicles used for transportation of passengers when there is an intention to resell the vehicle after using it for a defined period of time ?

Cash Sale transactions already credited in the P&L cannot be regarded as unexplained credit: ITAT Jaipur

Request for Extension of time period for filing of Annual Forms (AOC-4 CFS NBFC (Ind AS), AOC-4(XBRL), AOC-4, AOC-4(CFS), AOC-4 NBFC (Ind AS), MGT-7, MGT-7A for the Financial Year ended 31.03.2024 without levying additional fee

BUYING OR RENTING A HOUSE: WHICH ONE IS BETTER?

Non disposal of application for trust registration within 6 months cannot be construed as deemed registration:

Will Sec 79 be applicable in case there is a change in 51% voting power but no change in beneficial ownership?

Assessment done u/s 143(3) as against section 144 vs. Observation by ITAT Delhi

Delay in filing of 8 years in filing of Appeal due to wrong advice of counsel condoned by ITAT

Brought forward depreciation loss can be set off only against business income and cannot be set off against income from any other source

Can a TPO question the commercial expediency of a business transaction?

Banks Can Claim Tax Deductions For Broken Period Interest On HTM Securities If Held As Trading Assets: Supreme Court

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