Income Tax

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March 9, 2022

Rent in ‘HER’ purse, HRA in ‘HIS’ wallet

Meenakshi Subramaniam – [2022] 136 … Continue reading “Rent in ‘HER’ purse, HRA in ‘HIS’ wallet”

Blog, News, Income Tax

March 9, 2022

Arbitral award received for release of right to sue due to breach of contract is capital receipt not taxable: ITAT

Case Details: ITO v. Ganeshsagar … Continue reading “Arbitral award received for release of right to sue due to breach of contract is capital receipt not taxable: ITAT”

Blog, News, Income Tax

March 8, 2022

Non-deduction of TDS u/s 194H allowed if employee’s commission was part of salary income: HC

Case Details: PCIT v. Indofil … Continue reading “Non-deduction of TDS u/s 194H allowed if employee’s commission was part of salary income: HC”

Blog, News, Income Tax

March 8, 2022

Assessee paying rent to wife entitled to claim HRA benefit: Delhi ITAT

Case Details: Abhay Kumar Mittal … Continue reading “Assessee paying rent to wife entitled to claim HRA benefit: Delhi ITAT”

Blog, News, Income Tax

March 7, 2022

Cash recovered from employee of politician’s trust rightly added to politician’s income: HC

Case Details: Durai Murugan Kathir … Continue reading “Cash recovered from employee of politician’s trust rightly added to politician’s income: HC”

Blog, News, Income Tax

March 7, 2022

Significance of Filing ITR by 15th March, 2022

V. K. SUBRAMANI – [2022] … Continue reading “Significance of Filing ITR by 15th March, 2022”

Blog, News, Income Tax

March 7, 2022

Date of possession of new flat to be considered to calculate threshold limit to allow sec. 54F deduction: ITAT

Case Details: Yogesh Jhingan v. … Continue reading “Date of possession of new flat to be considered to calculate threshold limit to allow sec. 54F deduction: ITAT”

Blog, News, Income Tax

March 7, 2022

Govt. notifies ‘Sri Shankara Cancer Foundation’ as ‘University, College or other institution’ u/s 35

Notification No. 14/2022, dated 03-03-2022 … Continue reading “Govt. notifies ‘Sri Shankara Cancer Foundation’ as ‘University, College or other institution’ u/s 35”

News, Blog, Income Tax

March 7, 2022

Income-tax Dept. conducts searches on BMC’s standing committee chairman Yashwant Jadhav

Press Release, dated 03-03-2022 The … Continue reading “Income-tax Dept. conducts searches on BMC’s standing committee chairman Yashwant Jadhav”

Blog, News, Income Tax

March 7, 2022

No Prosecution proceedings for non-filing of ITR on second PAN which was issued inadvertently to assessee: HC

Case Details: Sudhir Kumar Hasija … Continue reading “No Prosecution proceedings for non-filing of ITR on second PAN which was issued inadvertently to assessee: HC”