Income Tax

Blog, Income Tax

March 7, 2024

[Analysis] CBDT Updates the Tax Audit Report in Form No. 3CD – Effective from 05-03-2024

The CBDT has notified changes … Continue reading “[Analysis] CBDT Updates the Tax Audit Report in Form No. 3CD – Effective from 05-03-2024”

Blog, News, Income Tax

March 6, 2024

Tax Dept. Urges Taxpayers to File Updated ITRs for Specified Financial Transaction Mismatches for AY 2021-22

Press Release, dated 04-03-2024 The … Continue reading “Tax Dept. Urges Taxpayers to File Updated ITRs for Specified Financial Transaction Mismatches for AY 2021-22”

Blog, News, Income Tax

March 6, 2024

[Opinion] Why Should Govt. Modify the Provision of Disallowance on Delayed Payment to MSEs?

Image Section 43B of the … Continue reading “[Opinion] Why Should Govt. Modify the Provision of Disallowance on Delayed Payment to MSEs?”

News, Blog, Income Tax

March 6, 2024

No Relief If Assessee Failed to Prove Source of Income Even If Wrong Section Was Invoked By AO | HC

Case Details: Rajmeet Singh v. … Continue reading “No Relief If Assessee Failed to Prove Source of Income Even If Wrong Section Was Invoked By AO | HC”

Blog, News, Income Tax

March 4, 2024

CBDT Extends Deadline to Process ITRs Filed for AY 2021-22 With Refund Claim to April 30, 2024

F. NO. 22S/132/2023/ITA-II, dated 01-03-2024 … Continue reading “CBDT Extends Deadline to Process ITRs Filed for AY 2021-22 With Refund Claim to April 30, 2024”

Blog, News, Income Tax

March 4, 2024

No Sec. 194H TDS on Income of Franchisee/Distributor from Sale of Prepaid Coupons/Starter-kits | SC

Case Details: Bharti Cellular Ltd. … Continue reading “No Sec. 194H TDS on Income of Franchisee/Distributor from Sale of Prepaid Coupons/Starter-kits | SC”

Blog, News, Income Tax

March 2, 2024

Stay Granted by High Courts Cannot Be Vacated Automatically | Supreme Court

Case Details: High Court Bar … Continue reading “Stay Granted by High Courts Cannot Be Vacated Automatically | Supreme Court”

Blog, News, Income Tax

March 1, 2024

[Opinion] “The Big Buzz on Small Business Payments Delays” | Decoding of Section 43B(h)

MS Venu Gopal – [2024] … Continue reading “[Opinion] “The Big Buzz on Small Business Payments Delays” | Decoding of Section 43B(h)”

News, Blog, Income Tax

February 29, 2024

[Opinion] New Trend | Digital Evidence Vs Corroborative Evidence

Dr B Ramaswamy – [2024] … Continue reading “[Opinion] New Trend | Digital Evidence Vs Corroborative Evidence”

Blog, News, Income Tax

February 29, 2024

Discrimination in Taxability of Leave Encashment of Bank Employees vis-à-vis Govt. Employees is Valid | Patna HC

Case Details: Purnendu Shekhar Sinha … Continue reading “Discrimination in Taxability of Leave Encashment of Bank Employees vis-à-vis Govt. Employees is Valid | Patna HC”