Business Compliance Calendar for Feb’2024
Business Compliance Calendar for Feb’2024 INCOME TAX 07th Feb 2024- Due date for payment of TDS/TCS for the…
Income Tax
Now, you can submit a response to notice without login to your Income-tax e-filling account
Now, you can submit a response to notice without login to your Income-tax e-filling account As per the…
Interim Budget-2024: An overview of the Direct tax proposals
Interim Budget-2024: An overview of the Direct tax proposals The Interim Budget 2024 has brought some key highlights…
GST in Interim Budget-2024: Amendment proposed in the definition of “Input Service Distributor”
GST in Interim Budget-2024: Amendment proposed in the definition of “Input Service Distributor” Amendment proposed in the definition of “Input…
Key Highlights of the 2024 Interim Finance Budget:
Key Highlights of the 2024 Interim Finance Budget: **1. Economic Revival Strategy:** The budget lays out a comprehensive…
CIT(A) Has No Jurisdiction To Enhance Income U/S 251(1) By Disallowing ESOP Expenses In Revised Return If AO Has Not Dealt With It: Mumbai ITAT
CIT(A) Has No Jurisdiction To Enhance Income U/S 251(1) By Disallowing ESOP Expenses In Revised Return If AO Has Not…
Constitutional validity of Anti Profiteering clause upheld by Delhi High Court
Constitutional validity of Anti Profiteering clause upheld by Delhi High Court The Hon’ble Delhi High Court has upheld the vires…
Rental Income Intended for Charitable & Educational Purposes Eligible for Section 10(23C)(vi) Exemption
Rental Income Intended for Charitable & Educational Purposes Eligible for Section 10(23C)(vi) Exemption Facts: The Durgapur Society of…
ITR filed without Financials is a defective return but not necessarily an invalid return: SC
ITR filed without Financials is a defective return but not necessarily an invalid return: SC Let us have a short…
An overview of 15 days / 45 days payment rule under section 43B(h)
An overview of 15 days / 45 days payment rule under section 43B(h) Section 43B(h) addresses payments to Micro &…
CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25
CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25 The Central Board of Direct Taxes (CBDT) has recently issued…
Penalty U/S 270A cannot be levied arbitrarily: Rajasthan HC Chambal Fertilizers and Chemicals Limited Vs PCIT
Penalty U/S 270A cannot be levied arbitrarily: Rajasthan HC Chambal Fertilizers and Chemicals Limited Vs PCIT (Civil Writ Petition…
AO cannot reassess any income that was the subject matter of an appeal: Bombay HC
AO cannot reassess any income that was the subject matter of an appeal: Bombay HC Shri Shanmukhananda Fine Arts Versus…
Avoid Disallowance: Timely Payments to MSME Essential for Deduction
Avoid Disallowance: Timely Payments to MSME Essential for Deduction MSME are growth engines & vital catalysts for our economy. The Micro, Small…
Delay in filing of TDS Quarterly Return: No penalty u/s 272A(2)(k) should be levied for a mere technical venial breach
Delay in filing of TDS Quarterly Return: No penalty u/s 272A(2)(k) should be levied for a mere technical venial breach…
If AO has taken one of the possible views by treating the income offered during survey operation as income under the head business and profession, PCIT cannot exercise its revisionary power U/s 263
If AO has taken one of the possible views by treating the income offered during survey operation as income under…
ITR filed without Financials is a defective return but not necessarily an invalid return : SC
ITR filed without Financials is a defective return but not necessarily an invalid return : SC. Mangalam Publications Vs…
No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi
No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi Amit Laroya Vs ACIT…
