Income Tax

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August 3, 2023

No Sec. 194-I TDS on Lease Rental Received by Unit of an IFSC Claiming Deduction u/s 80LA | CBDT

Notification No. 57 /2023, dated … Continue reading “No Sec. 194-I TDS on Lease Rental Received by Unit of an IFSC Claiming Deduction u/s 80LA | CBDT”

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August 3, 2023

CBDT Notifies Form 3AF to be Furnished by Assessee Claiming Deduction u/s 35D

Notification No. 54/2023, dated 01-08-2023 … Continue reading “CBDT Notifies Form 3AF to be Furnished by Assessee Claiming Deduction u/s 35D”

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August 2, 2023

Provisions of Sec. 127 not Applicable on Transfer of an Assessee’s Jurisdiction from One Place to Another | HC

Case Details: Alliance Broadcasting (P.) … Continue reading “Provisions of Sec. 127 not Applicable on Transfer of an Assessee’s Jurisdiction from One Place to Another | HC”

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August 1, 2023

ITAT Directs AO to Allow Credit of Tax Deducted on Property Sale Despite Buyer not Depositing it with Govt.

Case Details: Rajesh Dadu v. … Continue reading “ITAT Directs AO to Allow Credit of Tax Deducted on Property Sale Despite Buyer not Depositing it with Govt.”

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August 1, 2023

Assessee’s Return Accepted if AO Doesn’t Pass Timely Order After ITAT Remanded Matter Back to Him | HC

Case Details: Aricent Technologies (Holdings) … Continue reading “Assessee’s Return Accepted if AO Doesn’t Pass Timely Order After ITAT Remanded Matter Back to Him | HC”

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July 31, 2023

[Opinion] An In-depth Analysis of Expanded ‘Angel Tax’ Provisions

Ashutosh Mohan Rastogi, Dhruv Seth … Continue reading “[Opinion] An In-depth Analysis of Expanded ‘Angel Tax’ Provisions”

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July 31, 2023

CBDT Notifies SOP for Making Application for Recomputation of Income of Co-operative Society u/s 155

Circular No 14 of 2023, … Continue reading “CBDT Notifies SOP for Making Application for Recomputation of Income of Co-operative Society u/s 155”

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July 29, 2023

ITAT Remands AO’s Disallowance of Additional Depreciation on 160MW Solar Power Plant Due to Office Usage

Case Details: Viney Corporation Ltd. … Continue reading “ITAT Remands AO’s Disallowance of Additional Depreciation on 160MW Solar Power Plant Due to Office Usage”

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July 28, 2023

CBDT Issues Clarifications on Certain Funds for FACTA & CRS Reporting

NOTIFICATION F. NO. 500/34/2019-FT&TR-III(PT.)/1, dated … Continue reading “CBDT Issues Clarifications on Certain Funds for FACTA & CRS Reporting”

Blog, Income Tax

July 28, 2023

All-about the E-Appeals Scheme 2023 | JCIT (Appeals)

Table of Contents Memorandum Explaining … Continue reading “All-about the E-Appeals Scheme 2023 | JCIT (Appeals)”