Tax Planning with Tradition: Maximizing Savings through HUF Structure
Tax Planning with Tradition: Maximizing Savings through HUF Structure Tax planning is a dynamic field where even well-known strategies…
Income Tax
The Assessing Officer (AO) cannot consider claims made in a revised return filed after the deadline for filing the revised ROI has expired: Supreme Court.
The Assessing Officer (AO) cannot consider claims made in a revised return filed after the deadline for filing the revised…
In case of genuine hardship, delay in filing of ITR may be condoned by the CBDT: Bombay HC
In case of genuine hardship, delay in filing of ITR may be condoned by the CBDT: Bombay HC Smita Dilip…
Expenditure incurred for payment of foreclosure premium for restructuring loan and obtaining fresh loan at a lower rate of interest Vs Revisionary power of CIT u/s 263
Expenditure incurred for payment of foreclosure premium for restructuring loan and obtaining fresh loan at a lower rate of interest…
Introduction of Form DRC-03A: An overview
Introduction of Form DRC-03A: An overview Department has observed that some taxpayers have paid the amount demanded vide DRC…
Tax clearance certificate (TCC): Form No 30A & Non domiciled visitors in India
Tax clearance certificate (TCC): Form No 30A & Non domiciled visitors in India What is ‘domicile’? 1. The term…
Any claim made in the revised return post the due date of filing the revised return cannot be considered by the Assessing Officer
Any claim made in the revised return post the due date of filing the revised return cannot be considered by…
Principle of Consistency to be taken into Consideration While Selecting the Most Appropriate Method: Delhi HC
Principle of Consistency to be taken into Consideration While Selecting the Most Appropriate Method: Delhi HC Facts: 1. The…
Landmark Judgment by Kerala High Court on Rule 96(10) of the CGST Rules
Landmark Judgment by Kerala High Court on Rule 96(10) of the CGST Rules The Kerala High Court recently delivered…
Technological challenges cannot justify harassing an assessee, Income Tax Department should improve its software to prevent future errors: SC
Technological challenges cannot justify harassing an assessee, Income Tax Department should improve its software to prevent future errors: SC …
MCA imposed Penalty of ₹20 Lakh for delay In appointing whole-Time Company Secretary
MCA imposed Penalty of ₹20 Lakh for delay In appointing whole-Time Company Secretary In the matter of M/s. Venkatramana…
Approval of delay application should focus on sufficient reason, not merits of claim U/s 119(2)(b) of Income Tax Act: Kerala High Court
Approval of delay application should focus on sufficient reason, not merits of claim U/s 119(2)(b) of Income Tax Act: Kerala…
Section 43A Vs. Foreign exchange fluctuations on loan taken to buy capital assets in India
Section 43A Vs. Foreign exchange fluctuations on loan taken to buy capital assets in India Recently in PR. COMMISSIONER…
Affidavit & Declaration on stamp paper of Rs. 100 shall continue to be valid: Clarification Circular issued by Maharashtra Stamp Department
Affidavit & Declaration on stamp paper of Rs. 100 shall continue to be valid: Clarification Circular issued by Maharashtra Stamp…
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
If main is to carry on the business of leasing of immovable properties then resultant income is Business Income and…
New Twist on Assessment on non-existent entity – Its not null and void: Hyderabad ITAT
New Twist on Assessment on non-existent entity – Its not null and void: Hyderabad ITAT Most of you would…
Rental Income from let out of 80 properties – Whether Business Income or Income from house property – Issue before Bombay HC
Rental Income from let out of 80 properties – Whether Business Income or Income from house property – Issue before…
Will renting of residential flat be charged only under house property post the amendment in Finance Act 2024?
Will renting of residential flat be charged only under house property post the amendment in Finance Act 2024? Relevant…
