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…
Income Tax
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…
Propagation of Vedic thoughts and philosophy cannot be attributed to any religion: Bangalore ITAT
Propagation of Vedic thoughts and philosophy cannot be attributed to any religion: Bangalore ITAT Denial of registration under section 80G by…
Supreme Court Upholds Vodafone Idea’s Non-Liability for TDS on Payments to Non-Resident Telecom Operators
Supreme Court Upholds Vodafone Idea’s Non-Liability for TDS on Payments to Non-Resident Telecom Operators Vodafone Idea Ltd (TS-547-SC-2024) Facts:…
An Overview of the Block assessments reintroduced by Union Budget -2024
An Overview of the Block assessments reintroduced by Union Budget -2024 1. There is a radical change brought in…
Compliance Calendar for August’2024
Compliance Calendar for August’2024 INCOME TAX ▪07th August 2024- Due date for payment of TCS/ TDS for the month…
Amendments made in Form 3CD effective from AY 2024-25:
Amendments made in Form 3CD effective from AY 2024-25: Below are the clauses in which changes are made: 1.…
