Income Tax

Blog, Income Tax

December 19, 2023

Black Money Law | FAQs on Undisclosed/Foreign Assets Located Outside India

Table of Contents Financial interest … Continue reading “Black Money Law | FAQs on Undisclosed/Foreign Assets Located Outside India”

Blog, News, Income Tax

February 27, 2023

[Opinion] Finance Bill 2023 – TCS on Foreign Remittances under LRS

Harshal Bhuta, Naisar Shah, and … Continue reading “[Opinion] Finance Bill 2023 – TCS on Foreign Remittances under LRS”

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February 27, 2023

No additions based on statements of ex-employees & dealers without cross examination: ITAT

Case Details: DSG Papers (P.) … Continue reading “No additions based on statements of ex-employees & dealers without cross examination: ITAT”

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February 25, 2023

Assessee can’t file writ against recovery notice if it didn’t challenge demand u/s 200A: HC

Case Details: Construction Engineers v. … Continue reading “Assessee can’t file writ against recovery notice if it didn’t challenge demand u/s 200A: HC”

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February 24, 2023

TDS benefit given in AY of assessable income, despite deductor’s later reporting: ITAT

Case Details: Anup Rajendra Tapadia … Continue reading “TDS benefit given in AY of assessable income, despite deductor’s later reporting: ITAT”

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February 24, 2023

CBDT advises following Instruction No. 7/2017 for rectifying accepted revenue audit objections

Instruction F. No. 246/06/2023, dated … Continue reading “CBDT advises following Instruction No. 7/2017 for rectifying accepted revenue audit objections”

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February 23, 2023

No provision in Benami law for assessee to cross-examine witnesses in preliminary stage: HC

Case Details: Marg Projects and … Continue reading “No provision in Benami law for assessee to cross-examine witnesses in preliminary stage: HC”

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February 23, 2023

CBDT notifies New Audit Reports to be furnished by Charitable or Religious Trusts

Notification No. 7/2023, dated 21-02-2023 … Continue reading “CBDT notifies New Audit Reports to be furnished by Charitable or Religious Trusts”

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February 22, 2023

50% of rent is taxable in wife’s hand if sale deed doesn’t specify her share in joint property: ITAT

Case Details: Smt. Shivani Madan … Continue reading “50% of rent is taxable in wife’s hand if sale deed doesn’t specify her share in joint property: ITAT”

News, Blog, Income Tax

February 22, 2023

[Opinion] Finance Bill 2023 – Foreign remittances under LRS, sale of overseas tour packages to attract higher TCS

CA Sudeep Das & CA … Continue reading “[Opinion] Finance Bill 2023 – Foreign remittances under LRS, sale of overseas tour packages to attract higher TCS”