Income Tax

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January 2, 2024

No TCS on Sale of Empty Liquor Bottles as Uncorking Liquor Bottles Didn’t Amount to Generation of ‘Scrap’ | HC

Case Details: Tamil Nadu State … Continue reading “No TCS on Sale of Empty Liquor Bottles as Uncorking Liquor Bottles Didn’t Amount to Generation of ‘Scrap’ | HC”

Blog, News, Income Tax

January 2, 2024

Govt. Increases Interest Rate for Sukanya Samriddhi Scheme From 8.0% to 8.2% For Q4 of FY 2023-24

Office Memorandum F.No.1/4/2019-NS, dated 29-12-2023 … Continue reading “Govt. Increases Interest Rate for Sukanya Samriddhi Scheme From 8.0% to 8.2% For Q4 of FY 2023-24”

Blog, News, Income Tax

December 30, 2023

CBDT Releases Guidelines for Deduction of Tax Under Section 194-O

CIRCULAR NO 20 of 2023, … Continue reading “CBDT Releases Guidelines for Deduction of Tax Under Section 194-O”

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December 28, 2023

[Opinion] Corpus Donation – What is Meant by Specific Direction?

CA Naresh Kumar Kabra & … Continue reading “[Opinion] Corpus Donation – What is Meant by Specific Direction?”

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December 28, 2023

HC Allowed Sec. 80-IB Deduction Despite ITR Being Filed After the Due Date on Account of Delay in Audit

Case Details: Pr. Commissioner of … Continue reading “HC Allowed Sec. 80-IB Deduction Despite ITR Being Filed After the Due Date on Account of Delay in Audit”

Blog, Advisory, Income Tax

April 25, 2024

Income Tax on Online Gaming in India | Detailing Provisions for Taxation and TDS on Winnings

Table of Contents Background What … Continue reading “Income Tax on Online Gaming in India | Detailing Provisions for Taxation and TDS on Winnings”

News, Blog, Income Tax

December 27, 2023

[Opinion] Voluntary Donation vs Corpus Donation – Comparative Analysis & Aspects of Donation Received in Kind

CA Naresh Kumar Kabra & … Continue reading “[Opinion] Voluntary Donation vs Corpus Donation – Comparative Analysis & Aspects of Donation Received in Kind”

Blog, News, Income Tax

December 27, 2023

Addition Due to Stock Undervaluation Capped at 25% as Assessee Provided Stock Statements Duly Verified by CAs

Case Details: Principal Commissioner of … Continue reading “Addition Due to Stock Undervaluation Capped at 25% as Assessee Provided Stock Statements Duly Verified by CAs”

Blog, Advisory, Income Tax

April 25, 2024

Analysis of Changes Introduced in New ITR Forms 1 and 4 Notified for Assessment Year 2024-25

Table of Contents No change … Continue reading “Analysis of Changes Introduced in New ITR Forms 1 and 4 Notified for Assessment Year 2024-25”

Blog, News, Income Tax

December 26, 2023

Bank Passbook/Bank Statements Couldn’t Be Treated as Book Maintained by Assessee | ITAT Deletes Sec. 68 Additions

Case Details: Kuldeep Jiwan Mahan … Continue reading “Bank Passbook/Bank Statements Couldn’t Be Treated as Book Maintained by Assessee | ITAT Deletes Sec. 68 Additions”