Income Tax

Blog, News, Income Tax

September 9, 2024

Arranging Exhibitions for Promoting Business of Gems and Jewellery Is a Charitable Activity | ITAT

Case Details: Deputy Commissioner of … Continue reading “Arranging Exhibitions for Promoting Business of Gems and Jewellery Is a Charitable Activity | ITAT”

Blog, News, Income Tax

September 7, 2024

No Interest on Credit Balances Outstanding Under National Saving Scheme From 01-10-2024

G.S.R. 537(E). , G.S.R. 538(E), … Continue reading “No Interest on Credit Balances Outstanding Under National Saving Scheme From 01-10-2024”

Blog, News, Income Tax

September 7, 2024

No Deduction Towards Exp. If Assessee Failed to Provide Any Proof in Support of Exp. Claimed | ITAT

Case Details: Uday Jawahar Kotnis … Continue reading “No Deduction Towards Exp. If Assessee Failed to Provide Any Proof in Support of Exp. Claimed | ITAT”

Blog, News, Income Tax

September 5, 2024

LIC Mutual Fund Isn’t Public Financial Institution | Interest Payable to It Isn’t Covered by Section 43B | HC

Case Details: V2 Retail Ltd. … Continue reading “LIC Mutual Fund Isn’t Public Financial Institution | Interest Payable to It Isn’t Covered by Section 43B | HC”

Blog, News, Income Tax

September 5, 2024

[Opinion] Gift by Companies | An Analysis of Amendment to Section 47(iii) of the IT Act

Bharathi Krishnaprasad & Varshini U … Continue reading “[Opinion] Gift by Companies | An Analysis of Amendment to Section 47(iii) of the IT Act”

Blog, News, Income Tax

September 5, 2024

[Opinion] Budget 2024 | Rationalization of Re-Assessment Provisions

CA Tanmay Jain – [2024] … Continue reading “[Opinion] Budget 2024 | Rationalization of Re-Assessment Provisions”

News, Blog, Income Tax

September 5, 2024

SetCom’s Order Accepting Explanation of Gifts Received from Friends and Relatives Couldn’t Be Faulted | HC

Case Details: Principal Commissioner of … Continue reading “SetCom’s Order Accepting Explanation of Gifts Received from Friends and Relatives Couldn’t Be Faulted | HC”

Blog, News, Income Tax

September 3, 2024

[Opinion] Applicability of Section 87A in Cases Where Total Income Exceeds Rs. 7 Lakhs

CA V K Subramani – … Continue reading “[Opinion] Applicability of Section 87A in Cases Where Total Income Exceeds Rs. 7 Lakhs”

Blog, Income Tax

September 2, 2024

Key Amendments Impacting NGOs, Exemptions, and Compliance

The Union Budget 2024 introduces … Continue reading “Key Amendments Impacting NGOs, Exemptions, and Compliance”

Blog, News, Income Tax

September 2, 2024

CBDT Launches e-DRS 2022 to Minimize Litigation and Offer Relief to Eligible Taxpayers

Press Release, dated 30-08-2024 The … Continue reading “CBDT Launches e-DRS 2022 to Minimize Litigation and Offer Relief to Eligible Taxpayers”