Income Tax

Blog, News, Income Tax

March 15, 2024

CBDT Allows Filing of Modified ITR for Business Reorganization from June 16 to March 22 Until June 30, 2024

F. No. 225/5/2021-ITA-II, dated 13-03-2024 … Continue reading “CBDT Allows Filing of Modified ITR for Business Reorganization from June 16 to March 22 Until June 30, 2024”

Blog, News, Income Tax

March 15, 2024

Following CBDT’S Digital Evidence Investigation Manual During Search and Seizure is Mandatory & Not Optional | HC

Case Details: Saravana Selvarathnam Retails … Continue reading “Following CBDT’S Digital Evidence Investigation Manual During Search and Seizure is Mandatory & Not Optional | HC”

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March 14, 2024

[Opinion] Is Reduction of Share Capital with No Consideration to Shareholders Lead to Long-term Capital Loss?

CA V K Subramani – … Continue reading “[Opinion] Is Reduction of Share Capital with No Consideration to Shareholders Lead to Long-term Capital Loss?”

Blog, News, Income Tax

March 13, 2024

Set-off of STCL on Sale of Equity Shares Against STCG on Sale of Derivatives is Allowable | ITAT

Case Details: JS Capital LLC … Continue reading “Set-off of STCL on Sale of Equity Shares Against STCG on Sale of Derivatives is Allowable | ITAT”

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March 13, 2024

[Opinion] A Correlation of ‘Compensation’ Under the Motor Vehicle Act to Income Disclosed in ITR

CA Srinivasan Anand G. – … Continue reading “[Opinion] A Correlation of ‘Compensation’ Under the Motor Vehicle Act to Income Disclosed in ITR”

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March 12, 2024

Delhi ITAT Dismisses Congress Party’s Appeal to Stay Recovery of Outstanding Demand

Case Details: Indian National Congress … Continue reading “Delhi ITAT Dismisses Congress Party’s Appeal to Stay Recovery of Outstanding Demand”

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March 12, 2024

CBDT Launches E-Campaign Asking Taxpayers to Pay Advance Tax Based on Specified Financial Transactions of FY 2023-24

Press Release, dated 10-03-2024 The … Continue reading “CBDT Launches E-Campaign Asking Taxpayers to Pay Advance Tax Based on Specified Financial Transactions of FY 2023-24”

News, Blog, Income Tax

March 12, 2024

CBDT Releases Guidelines for Priority Disposal of Appeals

Notification F.no. 279/Misc./M-102/2021-ITJ, dated 07-03-2024 … Continue reading “CBDT Releases Guidelines for Priority Disposal of Appeals”

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March 11, 2024

CBDT Waives Off Late Fees & Interest for Delayed Filing of Form 26QE for Period From July 2022 to Feb. 2023

Circular No. 04/2024, dated 07-03-2024 … Continue reading “CBDT Waives Off Late Fees & Interest for Delayed Filing of Form 26QE for Period From July 2022 to Feb. 2023”

Blog, News, Income Tax

March 11, 2024

Govt. Notifies List of Payments Made to IFSC Units on Which No TDS is Required

Notification No. 28/2024, dated 07-03-2024 … Continue reading “Govt. Notifies List of Payments Made to IFSC Units on Which No TDS is Required”