Income Tax

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December 2, 2024

Due Date for Filing ITR for AY 2024-25 for Assessee Required to Furnish TP Report Extended Till 15-12-2024 | CBDT

Circular no. 18/2024, dated 30-11-2024 … Continue reading “Due Date for Filing ITR for AY 2024-25 for Assessee Required to Furnish TP Report Extended Till 15-12-2024 | CBDT”

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November 30, 2024

No Sec. 194N TDS on Cash Withdrawal by Foreign Representations Approved by Ministry of External Affairs | CBDT

Notification No. 123/2024, dated 28-11-2024 … Continue reading “No Sec. 194N TDS on Cash Withdrawal by Foreign Representations Approved by Ministry of External Affairs | CBDT”

Blog, News, Income Tax

November 30, 2024

Penalty Order Passed in Co.’s Old Name is Valid and a Curable Defect | HC

Case Details: Commissioner of Income-tax … Continue reading “Penalty Order Passed in Co.’s Old Name is Valid and a Curable Defect | HC”

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November 29, 2024

No Tax on Surplus of Company Formed by Members of Industrial Association to Reduce Pollution | HC

Case Details: Commissioner of Income-tax … Continue reading “No Tax on Surplus of Company Formed by Members of Industrial Association to Reduce Pollution | HC”

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November 29, 2024

Transfer of Capital Asset From ‘NLCIL’ to ‘NIRL’ Shall Not Be Treated as Transfer for Purpose of Capital Gains | CBDT

Notification No. 122/2024, dated 27-11-2024 … Continue reading “Transfer of Capital Asset From ‘NLCIL’ to ‘NIRL’ Shall Not Be Treated as Transfer for Purpose of Capital Gains | CBDT”

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November 28, 2024

Running Petrol Pump Was Incidental to Attainment of Educational Objects of Trust If Surplus Was Used for Charitable Activities: ITAT

Case Details: Smt. Lingammal Ramaraju … Continue reading “Running Petrol Pump Was Incidental to Attainment of Educational Objects of Trust If Surplus Was Used for Charitable Activities: ITAT”

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November 28, 2024

CBDT Releases FAQs on PAN 2.0 Project | PAN/TAN Services Shall Be Completely Paperless

Press Release, dated 26-11-2024 The … Continue reading “CBDT Releases FAQs on PAN 2.0 Project | PAN/TAN Services Shall Be Completely Paperless”

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November 27, 2024

CA Can Be Held Guilty of Professional Misconduct if He Is ‘Grossly Negligent’ in Duties | HC

Case Details: Institute of Chartered … Continue reading “CA Can Be Held Guilty of Professional Misconduct if He Is ‘Grossly Negligent’ in Duties | HC”

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November 27, 2024

Cabinet Approves PAN 2.0 Project of Income Tax Department

Press Release, dated 25-11-2024 The … Continue reading “Cabinet Approves PAN 2.0 Project of Income Tax Department”

Blog, News, Income Tax

November 26, 2024

[Opinion] Somethings are to be Done by the Stroke of the Midnight Hour, Not 2 Minutes After!!

Mayank Mohanka – [2024] 168 … Continue reading “[Opinion] Somethings are to be Done by the Stroke of the Midnight Hour, Not 2 Minutes After!!”