Income Tax

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December 16, 2021

Who decides house improvement claims? ITO, Inspector or Neighbours?

Meenakshi Subramaniam – [2021] 133 … Continue reading “Who decides house improvement claims? ITO, Inspector or Neighbours?”

Blog, News, Income Tax

December 15, 2021

No TDS liability on wholesaler of lottery tickets who is distributing incentive on behalf of Govt.: HC

Case Details: PCIT v. Usha … Continue reading “No TDS liability on wholesaler of lottery tickets who is distributing incentive on behalf of Govt.: HC”

News, Blog, Income Tax

December 15, 2021

CBDT notifies e-Verification Scheme to deal with mismatch of taxpayers info. reported by reporting entities

Notification No. 137 /2021, dated … Continue reading “CBDT notifies e-Verification Scheme to deal with mismatch of taxpayers info. reported by reporting entities”

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December 14, 2021

CBDT notifies conditions to claim exemption on transfer of non-deliverable forward contracts u/s 10(4E)

Notification No. 136/2021, dated 10-12-2021 … Continue reading “CBDT notifies conditions to claim exemption on transfer of non-deliverable forward contracts u/s 10(4E)”

Blog, News, Income Tax

December 14, 2021

FA 2021 amendment disallowing employee’s contribution to ESI/PF has no retro-effect: ITAT

Case Details: Flying Fabrication v. … Continue reading “FA 2021 amendment disallowing employee’s contribution to ESI/PF has no retro-effect: ITAT”

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December 13, 2021

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

Case Details: ACIT v. Sambandam … Continue reading “AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT”

Blog, News, Income Tax

December 13, 2021

Fresh assessments of set aside cases – Rewarding the offender at the cost of the victims!

Dindayal Dhandaria – [2021] 133 … Continue reading “Fresh assessments of set aside cases – Rewarding the offender at the cost of the victims!”

Blog, News, Income Tax

December 13, 2021

Govt. notifies provisions of protocol amending India-Kyrgyz Republic DTAA

Notification No. 135/2021, dated 08-12-2021 … Continue reading “Govt. notifies provisions of protocol amending India-Kyrgyz Republic DTAA”

News, Blog, Income Tax

December 13, 2021

Liability to pay ‘sales incentive’ crystalizes on achieving sales target; provision deductible under Sec. 37(1): HC

Case Details: CIT v. Maharashtra … Continue reading “Liability to pay ‘sales incentive’ crystalizes on achieving sales target; provision deductible under Sec. 37(1): HC”

ITR Week 2024-25, Blog, Income Tax

September 28, 2024

ITR Filing Due Date for AY 2024-25

The due dates for filing … Continue reading “ITR Filing Due Date for AY 2024-25”