Income Tax

Blog, News, Income Tax

June 5, 2024

No Denial of Sec. 54B Relief Just Because Assessee Didn’t Show Agricultural Income in His ITR: ITAT

Case Details: Pareshbhai Parsottambhai Patel … Continue reading “No Denial of Sec. 54B Relief Just Because Assessee Didn’t Show Agricultural Income in His ITR: ITAT”

Blog, News, Income Tax

June 4, 2024

[Opinion] Legality of Second Notice Under Section 148 for the Same Assessment Year

Dev Agarwal – [2024] 163 … Continue reading “[Opinion] Legality of Second Notice Under Section 148 for the Same Assessment Year”

Blog, Income Tax

June 3, 2024

Taxation and Other Aspects of Private Trusts – Overview | Strategic Considerations | Types

A Private Trust is a … Continue reading “Taxation and Other Aspects of Private Trusts – Overview | Strategic Considerations | Types”

News, Blog, Income Tax

June 3, 2024

CBDT Amends Form 27Q | Added ‘Note 7A’ for Furnishing Information About Lower or No TDS u/s 197A

Notification No. 48/2024, dated, 31-05-2024 … Continue reading “CBDT Amends Form 27Q | Added ‘Note 7A’ for Furnishing Information About Lower or No TDS u/s 197A”

Blog, News, Income Tax

June 3, 2024

Additional Tax u/s 143(1) Isn’t Valid If Assessee Revised His Return and Same Was Taken Up in Scrutiny | HC

Case Details: Khandelwal Rubber Products … Continue reading “Additional Tax u/s 143(1) Isn’t Valid If Assessee Revised His Return and Same Was Taken Up in Scrutiny | HC”

Blog, Income Tax

June 1, 2024

Annual Information Statement (AIS) – Overview | Recommendations | Global Best Practices

The Annual Information Statement (AIS) … Continue reading “Annual Information Statement (AIS) – Overview | Recommendations | Global Best Practices”

Blog, News, Income Tax

June 1, 2024

Share Application Money is Neither Loan Nor Deposit | Provisions of Sec. 269SS and 269T Not Attracted | HC

Case Details: CIT vs. Vamshi … Continue reading “Share Application Money is Neither Loan Nor Deposit | Provisions of Sec. 269SS and 269T Not Attracted | HC”

Blog, Income Tax

May 31, 2024

Understanding Income Tax Provisions for Indian Online Gaming Companies

Indian online gaming companies must … Continue reading “Understanding Income Tax Provisions for Indian Online Gaming Companies”

Blog, News, Income Tax

May 31, 2024

CBDT Excludes ‘RBI’ from List of Specified Persons for Higher Tax Deduction/Collection u/s 206AB and 206CCA

S.O. 2106(E) & S.O. 2107(E), … Continue reading “CBDT Excludes ‘RBI’ from List of Specified Persons for Higher Tax Deduction/Collection u/s 206AB and 206CCA”

News, Blog, Income Tax

May 31, 2024

ITAT Can’t Recall Its Order Based on Subsequent Judgment of Supreme Court | Mumbai ITAT

Case Details: DCIT vs. ANI … Continue reading “ITAT Can’t Recall Its Order Based on Subsequent Judgment of Supreme Court | Mumbai ITAT”