Income Tax

News, Blog, Income Tax

February 9, 2022

6.17 crore ITRs and 19 lakh Tax Audit Reports are filed on e-filing portal till 06-02-2022: CBDT

Press Release, dated 07-02-2022 The … Continue reading “6.17 crore ITRs and 19 lakh Tax Audit Reports are filed on e-filing portal till 06-02-2022: CBDT”

Blog, News, Income Tax

February 9, 2022

A mere agreement to sell immovable property isn’t deemed as a transfer if possession isn’t given to buyer: ITAT

Case Details: Godha Realtors (P.) … Continue reading “A mere agreement to sell immovable property isn’t deemed as a transfer if possession isn’t given to buyer: ITAT”

Blog, Income Tax

September 20, 2023

Understand the Taxation of Virtual Digital Assets

Table of Contents: 1. Introduction … Continue reading “Understand the Taxation of Virtual Digital Assets”

Blog, News, Income Tax

May 2, 2022

Non-payment of tax in time cannot be treated as a ‘willful attempt’ to evade tax; no prosecution: HC

Case Details: S.P. Velayutham v. … Continue reading “Non-payment of tax in time cannot be treated as a ‘willful attempt’ to evade tax; no prosecution: HC”

Blog, News, Income Tax

February 8, 2022

Digital asset tax: what does it entail for the Indian investor?

Sannutha Shetty – [2022] 135 … Continue reading “Digital asset tax: what does it entail for the Indian investor?”

Blog, News, Income Tax

February 7, 2022

Assets of closed business unit not entitled for dep. if Co. making effort to sell them to clear financial dues: ITAT

Case Details: Triveni Glass Ltd. … Continue reading “Assets of closed business unit not entitled for dep. if Co. making effort to sell them to clear financial dues: ITAT”

Blog, News, Income Tax

February 7, 2022

Third State to be an OECD member to invoke MFN clause: CBDT

Circular no. 3/2022, dated 03-02-2022 … Continue reading “Third State to be an OECD member to invoke MFN clause: CBDT”

Blog, News, Income Tax

February 4, 2022

New provisions of reassessment inserted by FA 2021 are applicable for prior AYs as well: HC

Case Details: Sudesh Taneja v. … Continue reading “New provisions of reassessment inserted by FA 2021 are applicable for prior AYs as well: HC”

Blog, News, Income Tax

June 24, 2022

Union Budget 2022: The missing piece of updated return under section 139(8A) of Income Tax Act, 1961

KEVAL SONECHA – Partner, Sonecha … Continue reading “Union Budget 2022: The missing piece of updated return under section 139(8A) of Income Tax Act, 1961”

Blog, News, Income Tax

June 28, 2022

Changes proposed in reassessment provisions in the Finance Bill 2022

Ruchesh Sinha, Anmol Batra & … Continue reading “Changes proposed in reassessment provisions in the Finance Bill 2022”