Income Tax

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August 22, 2023

[Opinion] Whether 15% Disallowed Portion of Inter-charity Donations Will be Taxable? – Analysis of FA 2023 Amendment

Adv. (Dr.) Manoj Fogla, CA. … Continue reading “[Opinion] Whether 15% Disallowed Portion of Inter-charity Donations Will be Taxable? – Analysis of FA 2023 Amendment”

Blog, News, Income Tax

August 22, 2023

AO Couldn’t Pass Rectification Order Based on Revenue’s Favoured Ruling Given by SC in Subsequent Year | ITAT

Case Details: Sanjay Kumar v. … Continue reading “AO Couldn’t Pass Rectification Order Based on Revenue’s Favoured Ruling Given by SC in Subsequent Year | ITAT”

Blog, Advisory, Income Tax

April 25, 2024

[Analysis] of Revised Rent-Free Accommodation Valuation Rules

Table of Contents What is … Continue reading “[Analysis] of Revised Rent-Free Accommodation Valuation Rules”

Blog, News, Income Tax

August 21, 2023

[Opinion] How to Optimise Tax on Life Insurance Policies Having Annual Premium Exceeding Rs 5 Lacs?

Mayank Mohanka – [2023] 153 … Continue reading “[Opinion] How to Optimise Tax on Life Insurance Policies Having Annual Premium Exceeding Rs 5 Lacs?”

Blog, News, Income Tax

August 21, 2023

CBDT Revises Rule 3 to Lower Rates of Rent-free Accommodation Valuation & Introduces an Inflation-linked Cap

Notification No. 65/2023, dated 18-08-2023 … Continue reading “CBDT Revises Rule 3 to Lower Rates of Rent-free Accommodation Valuation & Introduces an Inflation-linked Cap”

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August 19, 2023

Mutuality Doesn’t Exempt Interest Income of Clubs Even If Banks are Corporate Members | SC

Case Details: Secundrabad Club etc. … Continue reading “Mutuality Doesn’t Exempt Interest Income of Clubs Even If Banks are Corporate Members | SC”

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August 19, 2023

CBDT Includes ‘IFSC Unit’ in Scope of ‘TT Buying Rate’ for Computing TDS on Foreign Currency Income

Notification No. 64/2023, dated 17-08-2023 … Continue reading “CBDT Includes ‘IFSC Unit’ in Scope of ‘TT Buying Rate’ for Computing TDS on Foreign Currency Income”

Blog, Advisory, Income Tax

April 25, 2024

[Analysis] Life Insurance Policy Taxation Demystified – All You Need to Know

Table of Contents The Finance … Continue reading “[Analysis] Life Insurance Policy Taxation Demystified – All You Need to Know”

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August 18, 2023

CBDT Notifies Rule 11UACA to Compute Taxable Income in Respect of Sum Received Under Life Insurance Policies

Notification No. 61/2023, dated 16-08-2023 … Continue reading “CBDT Notifies Rule 11UACA to Compute Taxable Income in Respect of Sum Received Under Life Insurance Policies”

Blog, News, Income Tax

August 18, 2023

CBDT Issues Clarifications on the Applicability of Section 10(10D) Exemption on Life Insurance Policies

CIRCULAR NO. 15 OF 2023, … Continue reading “CBDT Issues Clarifications on the Applicability of Section 10(10D) Exemption on Life Insurance Policies”