Income Tax

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January 24, 2024

[Opinion] An Overview of Issues Relating to Payments to MSMEs vis a vis Deduction u/s 43B of the Income-tax Act

CA V K Subramani – … Continue reading “[Opinion] An Overview of Issues Relating to Payments to MSMEs vis a vis Deduction u/s 43B of the Income-tax Act”

Blog, News, Income Tax

January 24, 2024

Severance Compensation Received on Voluntary Basis Towards Termination of Employment is a Capital Receipt | ITAT

Case Details: Shamik Pankajbhai Parikh … Continue reading “Severance Compensation Received on Voluntary Basis Towards Termination of Employment is a Capital Receipt | ITAT”

Blog, News, Income Tax

January 23, 2024

[Opinion] Union Budget 2024 | Expectations

Manthan Kamdar – [2024] 158 … Continue reading “[Opinion] Union Budget 2024 | Expectations”

Blog, News, Income Tax

January 23, 2024

Madras HC Upheld Constitutional Validity of Sec. 194N; Said It Is a Worthy Move to Reduce Cash Transactions

Case Details: Income Tax Officer … Continue reading “Madras HC Upheld Constitutional Validity of Sec. 194N; Said It Is a Worthy Move to Reduce Cash Transactions”

Blog, News, Income Tax

January 22, 2024

IIT Not to Be Considered as Govt. Authority for Computing Perquisite Value of Rent-free Accommodation | ITAT

Case Details: ACIT vs. Indian … Continue reading “IIT Not to Be Considered as Govt. Authority for Computing Perquisite Value of Rent-free Accommodation | ITAT”

Blog, Income Tax

January 22, 2024

[Analysis] Section 80G Deductions for Donations to Shri Ram Mandir – Eligibility | Limits | Compliance

Table of Contents Who is … Continue reading “[Analysis] Section 80G Deductions for Donations to Shri Ram Mandir – Eligibility | Limits | Compliance”

Blog, News, Income Tax

January 20, 2024

Profit From Land Development Agreement With Own Partnership Firm is Considered Business Income, Not LTCG

Case Details: Bhanuprasad Maganlal Patel … Continue reading “Profit From Land Development Agreement With Own Partnership Firm is Considered Business Income, Not LTCG”

Blog, News, Income Tax

January 19, 2024

AO Can’t Refuse to Refund Amount Merely Because Proceedings Were Pending Before DRP | HC

Case Details: IBM India (P.) … Continue reading “AO Can’t Refuse to Refund Amount Merely Because Proceedings Were Pending Before DRP | HC”

Blog, Income Tax

January 19, 2024

Understand Schedule FA in ITR Forms and Implications under the Black Money Law

Table of Contents Introduction Applicability … Continue reading “Understand Schedule FA in ITR Forms and Implications under the Black Money Law”

Blog, News, Income Tax

January 19, 2024

[Opinion] Mutuality – Evolution and Erosion

R P Garg – [2024] … Continue reading “[Opinion] Mutuality – Evolution and Erosion”