Income Tax

Blog, News, Income Tax

November 12, 2024

AO Can’t Tax Unutilized Amount in CGAS a/c Before the Expiry of 3 Years from Date of Transfer of Asset | ITAT

Case Details: Digamber Madhav Chaudhary … Continue reading “AO Can’t Tax Unutilized Amount in CGAS a/c Before the Expiry of 3 Years from Date of Transfer of Asset | ITAT”

News, Blog, Income Tax

November 12, 2024

[Opinion] Interpretative Doctrines Embodied in Rajeev Bansal Decision

S. Mathangi – [2024] 168 … Continue reading “[Opinion] Interpretative Doctrines Embodied in Rajeev Bansal Decision”

Blog, News, Income Tax

November 11, 2024

Rental Income of Co-Owners to Be Assessed as AOP Income if No Defined Share is Allotted to Them | HC

Case Details: Y. S. & … Continue reading “Rental Income of Co-Owners to Be Assessed as AOP Income if No Defined Share is Allotted to Them | HC”

Blog, Income Tax

November 8, 2024

Section 115QA Buy-Back Tax Amendment – What Shareholders Need to Know

The amendment to Section 115QA … Continue reading “Section 115QA Buy-Back Tax Amendment – What Shareholders Need to Know”

Blog, News, Income Tax

November 8, 2024

No Disallowance of Salary Just Because Employee Gave It Back as Interest-Free Loan to Employer | ITAT

Case Details: M S Hostel … Continue reading “No Disallowance of Salary Just Because Employee Gave It Back as Interest-Free Loan to Employer | ITAT”

Blog, News, Income Tax

November 7, 2024

CIT(E) Can’t Reject Trust’s Registration Application Without Showing Profit-Oriented Objects

Case Details: Baba Balaknath Seva … Continue reading “CIT(E) Can’t Reject Trust’s Registration Application Without Showing Profit-Oriented Objects”

News, Blog, Income Tax

November 7, 2024

[Opinion] How Far a Revised Return Could Provide Relief to the Taxpayer?

V K Subramani – [2024] … Continue reading “[Opinion] How Far a Revised Return Could Provide Relief to the Taxpayer?”

Blog, News, Income Tax

November 6, 2024

CBDT Mandates Electronic Submission of Form 3CEDA and Form 3C-O

Notification no. 5/2024, dated 30-10-2024 … Continue reading “CBDT Mandates Electronic Submission of Form 3CEDA and Form 3C-O”

News, Blog, Income Tax

November 6, 2024

CBDT Extends Circular No. 13/2023 Applicability to Ay 2023-24 for Condonation of Delay in Filing ITR With Sec. 80P Claim

Circular no. 14/2024, dated 30-10-2024 … Continue reading “CBDT Extends Circular No. 13/2023 Applicability to Ay 2023-24 for Condonation of Delay in Filing ITR With Sec. 80P Claim”

Blog, News, Income Tax

November 6, 2024

CBDT Specifies Monetary Limits for Reduction or Waiver of Interest Paid or Payable Under Section 220(2)

Circular no. 15/2024, dated 04-11-2024 … Continue reading “CBDT Specifies Monetary Limits for Reduction or Waiver of Interest Paid or Payable Under Section 220(2)”