Income Tax

Blog, News, Income Tax

August 1, 2024

[Opinion] India’s Fiscal Budget 2024 – A Step Towards Empowering the Middle Class

CA Ashish Garg & CA … Continue reading “[Opinion] India’s Fiscal Budget 2024 – A Step Towards Empowering the Middle Class”

Blog, News, Income Tax

August 1, 2024

Assessee to Be Given Opportunity to Explain Before Switching Additions From u/s 68 to 69A | HC

Case Details: Vishal Jhajharia vs. … Continue reading “Assessee to Be Given Opportunity to Explain Before Switching Additions From u/s 68 to 69A | HC”

Blog, Budget, Income Tax

July 31, 2024

Simplified Tax Exemptions for Charitable Trusts – Union Budget | 2024-25 Amendments

The exemption regimes under Section … Continue reading “Simplified Tax Exemptions for Charitable Trusts – Union Budget | 2024-25 Amendments”

News, Blog, Income Tax

July 31, 2024

[Opinion] Abolishing the Buy Back Distribution Tax – Shifting the Taxability from Company to the Shareholders

CA Prajakta Mondhe – [2024] … Continue reading “[Opinion] Abolishing the Buy Back Distribution Tax – Shifting the Taxability from Company to the Shareholders”

Blog, News, Income Tax

July 31, 2024

Exp. Incurred to Make New House Habitable Is Eligible for Sec. 54 Exemption | ITAT

Case Details: Om Prakash Thakur … Continue reading “Exp. Incurred to Make New House Habitable Is Eligible for Sec. 54 Exemption | ITAT”

Blog, News, Income Tax

July 30, 2024

[Opinion] Budget 2024 | Sweetening the Deal for Foreign Companies and Non-Residents?

CA Ankita Chowdhry & CA … Continue reading “[Opinion] Budget 2024 | Sweetening the Deal for Foreign Companies and Non-Residents?”

News, Blog, Income Tax

July 29, 2024

[Opinion] Is Dropping of Rate of Tax on Capital Gain to 12.5% a Bait to Bury Cost Indexation Benefits?

CMA Raji Nathani & CA … Continue reading “[Opinion] Is Dropping of Rate of Tax on Capital Gain to 12.5% a Bait to Bury Cost Indexation Benefits?”

Blog, News, Income Tax

July 29, 2024

Affiliation With and Recognition by Regulatory Authority Not Essential Attributes of Education u/s 2(15) | HC

Case Details: CIT(E) vs. NIIT … Continue reading “Affiliation With and Recognition by Regulatory Authority Not Essential Attributes of Education u/s 2(15) | HC”

Blog, News, Income Tax

July 27, 2024

Sec. 54F Relief Available on Sale of Depreciable Long-Term Capital Asset Taxable u/s 50 | ITAT

Case Details: Sonia Pathak Khanna … Continue reading “Sec. 54F Relief Available on Sale of Depreciable Long-Term Capital Asset Taxable u/s 50 | ITAT”

Blog, News, Income Tax

July 26, 2024

Govt. Releases FAQs on the New Capital Gains Taxation Regime

FAQs – New Capital gains … Continue reading “Govt. Releases FAQs on the New Capital Gains Taxation Regime”