Income Tax

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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”

Blog, News, 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”

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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”

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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”

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September 8, 2021

CBDT prescribes manner for authenticating electronic records under EVC for faceless assessment

Notification No. 101/2021, dated 06-09-2021 … Continue reading “CBDT prescribes manner for authenticating electronic records under EVC for faceless assessment”

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September 8, 2021

CBDT notifies procedure for handling assessment if case is transferred by NFAC to Jurisdictional AO

Notification F. No. 225/97/2021/ITA-II, dated … Continue reading “CBDT notifies procedure for handling assessment if case is transferred by NFAC to Jurisdictional AO”

Blog, News, Income Tax

September 7, 2021

Sec. 264 revision allowable against order of CIT(A) rejecting appeal filed by assessee as void ab initio: HC

Case details: S. Ravinder v. … Continue reading “Sec. 264 revision allowable against order of CIT(A) rejecting appeal filed by assessee as void ab initio: HC”

Blog, News, Income Tax

September 7, 2021

No deemed dividend on loan given to director for providing collateral to bank to obtain loan for Co.: HC

Case details: CIT v. N.S. … Continue reading “No deemed dividend on loan given to director for providing collateral to bank to obtain loan for Co.: HC”

News, Blog, Income Tax

September 6, 2021

Whole profit of project can’t be taxed in first year just because Co. received all payment through post-dated cheques

Case Details: Pearl Coschem (P.) … Continue reading “Whole profit of project can’t be taxed in first year just because Co. received all payment through post-dated cheques”