Income Tax

Blog, News, Income Tax

July 2, 2022

NFT whose transfer results in a transfer of ownership of an underlying tangible asset isn’t VDA: CBDT

Notification No. 75/2022, dated 30-06-2022 … Continue reading “NFT whose transfer results in a transfer of ownership of an underlying tangible asset isn’t VDA: CBDT”

Blog, News, Income Tax

July 2, 2022

CBDT notifies Form 26QF for filing of statement of tax deposited u/s 194S by ‘Exchange’

Notification No. 73/2022, dated 30-06-2022 … Continue reading “CBDT notifies Form 26QF for filing of statement of tax deposited u/s 194S by ‘Exchange’”

News, Blog, Income Tax

July 2, 2022

Gift vouchers, rewards points and website subscription is excluded from definition of VDA: CBDT

Notification No. 74/2022, dated 30-06-2022 … Continue reading “Gift vouchers, rewards points and website subscription is excluded from definition of VDA: CBDT”

Blog, News, Income Tax

July 1, 2022

[Opinion] Supreme Court’s decision on Secondment and its impact under Other Laws

FCA Ashish Karundia – [2022] … Continue reading “[Opinion] Supreme Court’s decision on Secondment and its impact under Other Laws”

Blog, News, Income Tax

July 1, 2022

HC grants relief to ‘Flipkart’ on reimbursement payments; Nil TDS Certificate can be issued u/s 195

Case Details: Flipkart Internet (P.) … Continue reading “HC grants relief to ‘Flipkart’ on reimbursement payments; Nil TDS Certificate can be issued u/s 195”

Blog, Income Tax

October 15, 2022

[FAQs] Section 194R of the Income-tax Act | TDS on Benefit or Perquisite

The Finance Act, 2022 introduced … Continue reading “[FAQs] Section 194R of the Income-tax Act | TDS on Benefit or Perquisite”

News, Blog, Income Tax

June 29, 2022

CBDT issues guidelines for TDS u/s 194S where VDAs are transferred other than through Exchange

Circular No. 14/2022, dated 28-06-2022 … Continue reading “CBDT issues guidelines for TDS u/s 194S where VDAs are transferred other than through Exchange”

Blog, News, Income Tax

June 28, 2022

[Opinion] Tax liability of Significant Economic Presence (SEP) in India

Keshav Yadav & Sharvani Rai … Continue reading “[Opinion] Tax liability of Significant Economic Presence (SEP) in India”

Blog, News, Income Tax

June 28, 2022

Provisions of Sec. 56(2)(viib) don’t provide rounding off FMV of shares to nearest rupee: ITAT

Case Details: Royal Accord Realtors … Continue reading “Provisions of Sec. 56(2)(viib) don’t provide rounding off FMV of shares to nearest rupee: ITAT”

Blog, News, Income Tax

June 27, 2022

Appeal filed before ITAT won’t become infructuous just because Co’s name was struck down from ROC: ITAT

Case Details: Dwarka Portfolio (P.) … Continue reading “Appeal filed before ITAT won’t become infructuous just because Co’s name was struck down from ROC: ITAT”