Income Tax

Blog, News, Income Tax

August 25, 2022

2016 Amendment to Benami Act can’t be applied retroactively: Apex Court

Case Details: Union of India … Continue reading “2016 Amendment to Benami Act can’t be applied retroactively: Apex Court”

News, Blog, Income Tax

August 24, 2022

CBDT amends Rule 17CB to replace ‘trust or institution’ with ‘specified person’ to incorporate FA 2022 amendment

Notification no. 101/2022, dated 22-08-2022 … Continue reading “CBDT amends Rule 17CB to replace ‘trust or institution’ with ‘specified person’ to incorporate FA 2022 amendment”

Blog, News, Income Tax

August 24, 2022

Employees of ‘IISc’ can’t be treated on par with Central Govt. employees for valuation of perquisite under Rule 3

Case Details: Indian Institute of … Continue reading “Employees of ‘IISc’ can’t be treated on par with Central Govt. employees for valuation of perquisite under Rule 3”

Blog, News, Income Tax

August 23, 2022

B/F business loss can be set off against short-term capital gains arising from sale of business assets: ITAT

Case Details: Infinity Infotech Parks … Continue reading “B/F business loss can be set off against short-term capital gains arising from sale of business assets: ITAT”

Blog, News, Income Tax

August 23, 2022

[Opinion] Supreme Court decision in Wipro – Whether per incuriam?

Manuj Sabharwal – [2022] 141 … Continue reading “[Opinion] Supreme Court decision in Wipro – Whether per incuriam?”

Blog, News, Income Tax

August 22, 2022

Jurisdiction of HC is determined by situs of AO who passed order even if case is transfer u/s 127: SC

Case Details: PCIT v. ABC … Continue reading “Jurisdiction of HC is determined by situs of AO who passed order even if case is transfer u/s 127: SC”

News, Blog, Income Tax

August 22, 2022

CBDT Extends Time-limit for Furnishing of Form 67 (FTC)

Notification No. 100/2022, dated 18-08-2022 … Continue reading “CBDT Extends Time-limit for Furnishing of Form 67 (FTC)”

Blog, News, Income Tax

August 20, 2022

CBDT notifies Form 29D to get refund of tax deducted under section 195

Notification no. 98/2022, dated 17-08-2022 … Continue reading “CBDT notifies Form 29D to get refund of tax deducted under section 195”

Blog, News, Income Tax

August 20, 2022

TCS provisions u/s 206C(1G) don’t apply to NR-buyer who doesn’t have PE in India: CBDT

Notification No. 99/2022, dated 17-08-2022 … Continue reading “TCS provisions u/s 206C(1G) don’t apply to NR-buyer who doesn’t have PE in India: CBDT”

Blog, Income Tax

August 30, 2022

Overview of Tax Residence in India under Income Tax

Table of Contents 1. Residence … Continue reading “Overview of Tax Residence in India under Income Tax”