Income Tax

Blog, News, Income Tax

August 29, 2024

CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed | ITAT

Case Details: Shah Gulabchand Mulchand … Continue reading “CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed | ITAT”

Blog, Income Tax

August 28, 2024

Taxation of Cooperatives in India – Key Provisions | Deductions | Concessional Tax Rates

The taxation framework for cooperatives … Continue reading “Taxation of Cooperatives in India – Key Provisions | Deductions | Concessional Tax Rates”

Blog, Advisory, Income Tax

August 27, 2024

[Analysis] Capital Gains Scheme Account – Why Deposits Won’t Reduce Taxes from 20% to 12.5%?

The Capital Gains Account Scheme … Continue reading “[Analysis] Capital Gains Scheme Account – Why Deposits Won’t Reduce Taxes from 20% to 12.5%?”

Blog, News, Income Tax

August 27, 2024

AO’s Order Wasn’t Erroneous if He Applied Beneficial Provision Basis of Article 7 of India-UAE DTAA | ITAT

Case Details: Avana Global FZCO … Continue reading “AO’s Order Wasn’t Erroneous if He Applied Beneficial Provision Basis of Article 7 of India-UAE DTAA | ITAT”

Blog, Advisory, Income Tax

August 25, 2024

[Analysis] Block Assessment Scheme under the Finance (No. 2) Act 2024

The block assessment scheme is … Continue reading “[Analysis] Block Assessment Scheme under the Finance (No. 2) Act 2024”

Blog, Advisory, Income Tax

August 25, 2024

Comparative Analysis of Amendments in Finance (No. 2) Act 2024 | Key Changes to the Income Tax Act

This article provides a comparative … Continue reading “Comparative Analysis of Amendments in Finance (No. 2) Act 2024 | Key Changes to the Income Tax Act”

Blog, News, Income Tax

August 23, 2024

Sec. 54G Relief Available Even if New Undertaking Was Set Up in Name of Firm in Which Assessee Was Partner | ITAT

Case Details: Hasmukhbhai Makanbhai Padariya … Continue reading “Sec. 54G Relief Available Even if New Undertaking Was Set Up in Name of Firm in Which Assessee Was Partner | ITAT”

Blog, News, Income Tax

August 23, 2024

CBDT Standardizes the Process of Filing Application u/s 10(46A)

F.No.196/82/2024-ITA-I, dated 20-08-2024 Section 10(46A) … Continue reading “CBDT Standardizes the Process of Filing Application u/s 10(46A)”

Blog, News, Income Tax

August 22, 2024

All Indian Citizens Aren’t Required to Obtain Income-Tax Clearance Certificate Before Leaving Country | CBDT

Press Release, dated 20-08-2024 Section … Continue reading “All Indian Citizens Aren’t Required to Obtain Income-Tax Clearance Certificate Before Leaving Country | CBDT”

News, Blog, Income Tax

August 22, 2024

ITAT Upheld Penalty Levied on Employee Who Habitually Claimed Refunds by Overstating Deduction Under Chapter VI-A

Case Details: Sanjeev Kumar Manchand … Continue reading “ITAT Upheld Penalty Levied on Employee Who Habitually Claimed Refunds by Overstating Deduction Under Chapter VI-A”