More than 30 lakh Audit Reports filed till 30th September, 2023, on the e-filing portal of the Income Tax Department
More than 30 lakh Audit Reports filed till 30th September, 2023, on the e-filing portal of the Income Tax Department …
Income Tax
If a loan or advance is given to a shareholder for the benefit of the company, it doesn’t qualify as a deemed dividend under section 2(22) of the Income Tax Act.
If a loan or advance is given to a shareholder for the benefit of the company, it doesn’t qualify as…
14 Changes in the GST Law – Effective from 01.10.2023
14 Changes in the GST Law – Effective from 01.10.2023 Here is a short compilation of the…
Tax collection at source @ 20% on foreign remittances
Tax collection at source @ 20% on foreign remittances Effective from 1st October 2023, Tax Collection at Source (TCS) provisions…
Non disclosure of foreign assets in the ITR-may result in fine of Rs. 10 Lakh
Non disclosure of foreign assets in the ITR-may result in fine of Rs. 10 Lakh Be aware that…
New TCS from 1st October 2023 for various foreign remittances:
New TCS from 1st October 2023 for various foreign remittances: 1. Educational Purposes: When it comes to foreign remittances…
Buying property jointly with a daughter-in- law indicates an investment intent, not a business motive : ITAT
Buying property jointly with a daughter-in- law indicates an investment intent, not a business motive : ITAT Dehradun…
Validity of communication of Document Identification Number [DIN] vide separate intimation without mentioning such DIN examined by Calcutta High Court
Validity of communication of Document Identification Number [DIN] vide separate intimation without mentioning such DIN examined by Calcutta High Court…
GST Deptt issues mass automated show cause notices to beat the deadline of 30th September,2023
GST Deptt issues mass automated show cause notices to beat the deadline of 30th September,2023 In last week of this…
Non service of notice at the updated email id – Assessment order quashed with a direction to AO to decide the issue afresh
Non service of notice at the updated email id – Assessment order quashed with a direction to AO to decide…
CBDT notified the procedure for granting of lower or nil withholding of tax certificate under section 197
CBDT notified the procedure for granting of lower or nil withholding of tax certificate under section 197 CBDT vide…
Income Tax illegally levied must be refunded: Bombay HC
Income Tax illegally levied must be refunded: Bombay HC Facts: Petitioner had set up a Gas-based Sponge Iron…
Wef 1.10.23, No Tax Under RCM for Ocean Freight incurred on import of Goods
Wef 1.10.23, No Tax Under RCM for Ocean Freight incurred on import of Goods The copy of the order…
Reopening on the basis of change of opinion is impermissible: Bombay High Court
Reopening on the basis of change of opinion is impermissible: Bombay High Court The copy of the order as…
CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
CBDT notifies changes to Rule 11UA in respect of ANGEL TAX The Finance Act, 2023, brought in an…
MCA extends the timeline for conducting AGM & EGM
MCA extends the timeline for conducting AGM & EGM The MCA has issued General Circular No. 09/2023, dated September 25,…
Right to sue for damages is a capital receipt and not taxable: ITAT Mumbai
Right to sue for damages is a capital receipt and not taxable: ITAT Mumbai Facts: The assessee is an…
Extension of due Date of 30th September 2023: Confusion & Clarification
Extension of due Date of 30th September 2023: Confusion & Clarification Query 1] It is seen that banks classify the…
