Income TaxTaxation of Bank FDR, KVP & NPS – Tier II Account: An overview15 Apr at 11:05 am0Taxation of Bank FDR, KVP & NPS – Tier II Account: An overview [Query 1] I didn’t…
Income TaxIT JudgementROC Delhi & Haryan Slaps cr Penalty on a Company that “crowdsourced”equity capital :Independent Directors also fined13 Apr at 10:39 am0ROC Delhi & Haryan Slaps cr Penalty on a Company that “crowdsourced”equity capital :Independent Directors also fined It’s illegal…
Income TaxIT JudgementValidity of reopening of the cases for all the six years U/s 153C without indiscriminating material13 Apr at 7:27 am0Validity of reopening of the cases for all the six years U/s 153C without indiscriminating material Here is an…
Income TaxIT JudgementNo proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana HC13 Apr at 7:12 am0No proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana…
Income TaxReassessment Order Against Housewife Invalid When Property Was Purchased by Her Husband12 Apr at 5:51 am0Reassessment Order Against Housewife Invalid When Property Was Purchased by Her Husband Hon’ble Bombay High Court (“BHC”) quashes the…
Income TaxTime-limit for audit commences from date of furnishing records and other documents: Madras HC12 Apr at 5:29 am0Time-limit for audit commences from date of furnishing records and other documents: Madras HC The Madras High Court addressed the…
Income TaxITR E-Verification: CBDT issued Corrigendum to Notification No. 02 of 2024 dated 31.03.202410 Apr at 5:53 am0ITR E-Verification: CBDT issued Corrigendum to Notification No. 02 of 2024 dated 31.03.2024 1. Where the ITR is uploaded…
Income TaxInterest received either on delayed compensation enhanced compensation is chargeable as “income from other sources”10 Apr at 5:34 am0Interest received either on delayed compensation enhanced compensation is chargeable as “income from other sources” Interest received either on…
Income TaxCBDT Clarification on Special Drive to Reopen Cases with Reference to HRA claims9 Apr at 1:36 pm0CBDT Clarification on Special Drive to Reopen Cases with Reference to HRA claims The copy of the order is…
Income TaxOption to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer.9 Apr at 1:17 pm0Option to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer. Option…
Income TaxOption to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC9 Apr at 6:18 am0Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC AGRA PORTFOLIO PVT.…
Income TaxITAT deletes addition of cash deposits made during demonetisation:9 Apr at 6:00 am0ITAT deletes addition of cash deposits made during demonetisation: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi)…
Income TaxInterest cannot be allowed as a deduction on loan used for buying agricultural land: Kerala HC8 Apr at 1:37 pm0Interest cannot be allowed as a deduction on loan used for buying agricultural land: Kerala HC M/S. MINI…
Income TaxCBDT Interim Action Plan for F.Y. 2024 – 20258 Apr at 7:15 am0CBDT Interim Action Plan for F.Y. 2024 – 2025 The copy of the order is as under: CBDT…
Capital GainIncome TaxLimit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification8 Apr at 5:58 am0Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification [Query 1] Kindly clarify the…
Income TaxUnauthorized issuance of shared through public advertisement: MCA imposed fine of Rs. 7 Cr6 Apr at 5:46 am0Unauthorized issuance of shared through public advertisement: MCA imposed fine of Rs. 7 Cr The Ministry of Corporate Affairs…
Income TaxITAT deletes addition of cash deposits made during demonetization: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi) Appeal Number : ITA No. 1612/Del/20216 Apr at 5:30 am0ITAT deletes addition of cash deposits made during demonetization: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi) Appeal…
Income TaxFunctionalities to file commonly used ITRs enabled by CBDT on 4st April, 2024: 23000 ITR Filed So Far.5 Apr at 6:08 am0Functionalities to file commonly used ITRs enabled by CBDT on 4st April, 2024: 23000 ITR Filed So Far. CBDT…