Income Tax

Blog, News, Income Tax

September 18, 2021

CSR exp. incurred by making donations is eligible for deduction under sec. 80G: ITAT

Case details: JMS Mining (P.) … Continue reading “CSR exp. incurred by making donations is eligible for deduction under sec. 80G: ITAT”

Blog, News, Income Tax

September 18, 2021

CBDT notifies 2 more pension funds for Sec. 10(23FE) exemption

Notification No. 111/2021 & Notification … Continue reading “CBDT notifies 2 more pension funds for Sec. 10(23FE) exemption”

Blog, News, Income Tax

September 17, 2021

No interest can be levied on assessee for excess tax refund if assessment was reopened under sec. 147: HC

Case details: CIT v. United … Continue reading “No interest can be levied on assessee for excess tax refund if assessment was reopened under sec. 147: HC”

News, Blog, Income Tax

September 17, 2021

India chairs meeting of BRICS Tax Heads to discuss strategies to deal with challenges of COVID-19

Press Release, dated 15-09-2021 The … Continue reading “India chairs meeting of BRICS Tax Heads to discuss strategies to deal with challenges of COVID-19”

Blog, Income Tax

March 23, 2023

Registration of Real Estate Project under Gujarat RERA

Check out Taxmann’s Latest Gujarat … Continue reading “Registration of Real Estate Project under Gujarat RERA”

Blog, News, 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”