Income Tax

Blog, News, Income Tax

September 28, 2023

[Opinion] Incentive Deductions Under the Income Tax Act, 1961

There are incentives by way … Continue reading “[Opinion] Incentive Deductions Under the Income Tax Act, 1961”

Blog, Income Tax

May 8, 2024

Understand Non-Resident Indians (NRIs) Taxation | Filing Income Tax Returns in India

What is the taxation of … Continue reading “Understand Non-Resident Indians (NRIs) Taxation | Filing Income Tax Returns in India”

Blog, News, Income Tax

September 27, 2023

CBDT Amends Rule 11UA Incorporating New Valuation Methods | Includes Norms for Valuing “CC Preference Shares”

Notification No. 81 /2023, dated … Continue reading “CBDT Amends Rule 11UA Incorporating New Valuation Methods | Includes Norms for Valuing “CC Preference Shares””

News, Blog, Income Tax

September 27, 2023

[Opinion] Reassessment – Analysis of Two Recent Pathbreaking Judgments Under Income Tax

Arjun Gupta – [2023] 154 … Continue reading “[Opinion] Reassessment – Analysis of Two Recent Pathbreaking Judgments Under Income Tax”

Blog, News, Income Tax

September 26, 2023

FA 2021 Amendment Disallowing Sec. 80P Claim on Non-filing of ITR isn’t Applicable for AY Prior to 2021-22 | ITAT

Case Details: Chakargadh Seva Sahakari … Continue reading “FA 2021 Amendment Disallowing Sec. 80P Claim on Non-filing of ITR isn’t Applicable for AY Prior to 2021-22 | ITAT”

Blog, News, Income Tax

September 25, 2023

CBDT Notifies NBFCs Classified into Top, Upper and Middle Layers for the Purpose of Sec. 43B & Sec. 43D

Notification No. 79/2023 & Notification … Continue reading “CBDT Notifies NBFCs Classified into Top, Upper and Middle Layers for the Purpose of Sec. 43B & Sec. 43D”

Blog, News, Income Tax

September 23, 2023

ITAT Restricts Sec. 69A Additions as It Was Impossible for NRI to Furnish Evidence for Cash Gifts Received on Marriage

Case Details: Karthick Natarajan v. … Continue reading “ITAT Restricts Sec. 69A Additions as It Was Impossible for NRI to Furnish Evidence for Cash Gifts Received on Marriage”

Blog, News, Income Tax

September 22, 2023

[Opinion] Decoding Clause 44 of Form 3CD following 2023 Guidance note on Tax Audit

CA V. Sudharsan – [2023] … Continue reading “[Opinion] Decoding Clause 44 of Form 3CD following 2023 Guidance note on Tax Audit”

Blog, News, Income Tax

September 22, 2023

ITAT Directs AO to Allow Sec. 54B Deduction as Registration of New Land was Pending Due to Court Permission

Case Details: Kristina Nathabhai Krichchan … Continue reading “ITAT Directs AO to Allow Sec. 54B Deduction as Registration of New Land was Pending Due to Court Permission”

News, Blog, Income Tax

September 21, 2023

CBDT Notifies ‘Uttar Pradesh Expressways Industrial Development Authority’ for Sec. 10(46) Exemption

Notification No. 78/2023, dated 19-09-2023 … Continue reading “CBDT Notifies ‘Uttar Pradesh Expressways Industrial Development Authority’ for Sec. 10(46) Exemption”