Income Tax

Blog, Advisory, Income Tax

April 25, 2024

[FAQs] Understanding Section 43B(h) of the Income-tax Act – Deductions for Payments to MSEs

The Income-tax Act allows the … Continue reading “[FAQs] Understanding Section 43B(h) of the Income-tax Act – Deductions for Payments to MSEs”

Blog, News, Income Tax

February 13, 2024

Net Direct Tax Collection Up To 01-02-2024 Stands at Rs. 15.60 Lakh Crore, Up By 20.25% From Last Year | CBDT

Press Release, dated 11-02-2024 The … Continue reading “Net Direct Tax Collection Up To 01-02-2024 Stands at Rs. 15.60 Lakh Crore, Up By 20.25% From Last Year | CBDT”

Blog, News, Income Tax

February 13, 2024

AO to Consider Modified ITR Filed Manually If e-Filing Portal Wasn’t Enabled to Accept It | Madras HC

Case Details: Pallava Textiles Private … Continue reading “AO to Consider Modified ITR Filed Manually If e-Filing Portal Wasn’t Enabled to Accept It | Madras HC”

Blog, News, Income Tax

February 12, 2024

Delay in Payment of Tax Can’t be Equated With Wilful Attempt to Evade Tax | HC Quashes Prosecution

Case Details: Unique Trading Co. … Continue reading “Delay in Payment of Tax Can’t be Equated With Wilful Attempt to Evade Tax | HC Quashes Prosecution”

Blog, News, Income Tax

February 12, 2024

Income Tax Dept. Conducts Search Operations in Chhattisgarh on Politically Exposed Person

Press Release, dated 08-02-2024 The … Continue reading “Income Tax Dept. Conducts Search Operations in Chhattisgarh on Politically Exposed Person”

News, Blog, Income Tax

February 9, 2024

Loose Sheets Found in House of 3rd Party Can’t be Considered As Evidence Without Producing Corroborative Evidence | HC

Case Details: DCIT v. Sunil … Continue reading “Loose Sheets Found in House of 3rd Party Can’t be Considered As Evidence Without Producing Corroborative Evidence | HC”

Blog, News, Income Tax

February 9, 2024

Govt. Notifies ‘Exchange of Information With Respect to Taxes’ Agreement With Samoa

Notification No. 21/2024, dated 07-02-2024 … Continue reading “Govt. Notifies ‘Exchange of Information With Respect to Taxes’ Agreement With Samoa”

Blog, News, Income Tax

February 8, 2024

Criminal Liability of Co. Gets Wiped Off Once it’s Taken Over by New Management Pursuant to Resolution Plan | HC

Case Details: Vasan Healthcare (P.) … Continue reading “Criminal Liability of Co. Gets Wiped Off Once it’s Taken Over by New Management Pursuant to Resolution Plan | HC”

Blog, News, Income Tax

February 8, 2024

CBDT Notifies 16 CIT(A) Units in Guwahati, Kochi, Bhubaneshwar and Nagpur

Notification No. 20/2024, dated 06-02-2024 … Continue reading “CBDT Notifies 16 CIT(A) Units in Guwahati, Kochi, Bhubaneshwar and Nagpur”

Blog, Advisory, Income Tax

April 25, 2024

[Analysis] Changes Introduced in the New ITR-2 | ITR-3 | ITR-5 for Assessment Year 2024-25

Table of Contents Individuals/HUFs liable … Continue reading “[Analysis] Changes Introduced in the New ITR-2 | ITR-3 | ITR-5 for Assessment Year 2024-25”