Income Tax

News, Blog, Income Tax

September 15, 2021

CBDT notifies ‘income-tax authority’ to serve notice u/s 142(1)(i) asking assessee to furnish ITR

Notification No. 109/2021, dated 13-09-2021 … Continue reading “CBDT notifies ‘income-tax authority’ to serve notice u/s 142(1)(i) asking assessee to furnish ITR”

Blog, News, Income Tax

September 15, 2021

Sum forfeited by Tax Dept. as purchaser didn’t buy auctioned property can’t be paid to assessee: HC

Case details: Ashwani Kumar v. … Continue reading “Sum forfeited by Tax Dept. as purchaser didn’t buy auctioned property can’t be paid to assessee: HC”

Blog, News, Income Tax

September 14, 2021

Govt. notifies numerous tax concessions to ease ‘Air India’ divestment

Notification No. 104 /2021 Notification … Continue reading “Govt. notifies numerous tax concessions to ease ‘Air India’ divestment”

Blog, News, Income Tax

September 13, 2021

Sec. 24(b) doesn’t mandate acquiring possession of property to claim interest deduction: ITAT

Case details: Abeezar Faizullabhoy v. … Continue reading “Sec. 24(b) doesn’t mandate acquiring possession of property to claim interest deduction: ITAT”

Blog, Income Tax

September 13, 2021

Impact of extended deadlines for compliances under the Income-tax Act

In view of the COVID-19 … Continue reading “Impact of extended deadlines for compliances under the Income-tax Act”

Blog, News, Income Tax

September 10, 2021

Equalisation Levy – Would it impact Foreign insurtechs

Bahroze Kamdin -Partner, Deloitte India … Continue reading “Equalisation Levy – Would it impact Foreign insurtechs”

Blog, News, Income Tax

September 10, 2021

Portion of money retained in Escrow account to be taken into consideration for computing capital gains: HC

Case details: Caborandum Universal Limited … Continue reading “Portion of money retained in Escrow account to be taken into consideration for computing capital gains: HC”

News, Blog, Income Tax

September 9, 2021

Taxpayers eligible to file application before SetCom as on 31-01-21 can file it before Interim Board by 30-9-21: CBDT

Press Release, dated 07-09-2021 The … Continue reading “Taxpayers eligible to file application before SetCom as on 31-01-21 can file it before Interim Board by 30-9-21: CBDT”

Blog, News, Income Tax

January 12, 2022

CBDT extends benefit of authenticating electronic records under EVC to persons required to do so by digital signature

Press Release, dated 07-09-2021 In … Continue reading “CBDT extends benefit of authenticating electronic records under EVC to persons required to do so by digital signature”

Blog, News, Income Tax

September 8, 2021

Cases not created on ITBA due to technical bugs or not having PAN to be excluded from Faceless Assessment: CBDT

Order F No. 187/3/2020-ITA-I, dated … Continue reading “Cases not created on ITBA due to technical bugs or not having PAN to be excluded from Faceless Assessment: CBDT”