Foreign Remittance under LRS

Recent Posts

• AI Based unverified Submission – Bombay High court imposes costs – A wake-up call for professionals
• The Dangerous Habit of Ignoring Income Tax Emails and SMS – And How It Quietly Backfires
• Capital Gain Exemption under Section 54 Available Even When New House Is Purchased with Housing Loan – ITAT Kolkata in Amit Parekh Case
• When “Irrevocable” Becomes a New Roadblock for charitable trust: An Unnecessary Hurdle for Charitable Trusts
• Delay in Filing Form 10B is Procedural – Substantive Exemption under Section 11 Cannot Be Denied on Technical Grounds
• Survey Statement u/s 133A Has No Evidentiary Value – Additions Quashed
• Income has escaped assessment is a pre-condition for re-opening the assessment and not a borrowed satisfaction from outside source
• Section 119(2)(b) Condonation of Delay: Who Has the Power to Grant Relief for Refunds and Section 80P Claims?
• Loans repaid in the subsequent assessment years – No addition u/s 68 can be made: ITAT Gauhati
• Section 269SS Not Attracted to One-Time Cash Sale Consideration: ITAT Chandigarh Clarifies the Law