Income Tax

Blog, News, Income Tax

July 28, 2023

CBDT Notifies Missing ‘Annexure II’ to Form 34E Applicable to Notified Residents Seeking Advance Ruling

G.S.R. 546(E), dated 26-07-2023 Form … Continue reading “CBDT Notifies Missing ‘Annexure II’ to Form 34E Applicable to Notified Residents Seeking Advance Ruling”

Blog, News, Income Tax

July 28, 2023

Provisions of Sec. 68 Couldn’t be Invoked if Assessee Declared Income on Presumptive Basis u/s 44AD | ITAT

Case Details: Sumit Gahlot v. … Continue reading “Provisions of Sec. 68 Couldn’t be Invoked if Assessee Declared Income on Presumptive Basis u/s 44AD | ITAT”

Blog, News, Income Tax

July 27, 2023

[Opinion] Non-Disclosure of Foreign Assets and Consequences under Black Money Act

CA Sri Harsha & CA … Continue reading “[Opinion] Non-Disclosure of Foreign Assets and Consequences under Black Money Act”

Blog, News, Income Tax

July 27, 2023

TCS Provisions Applicable on Compounding Fees Received from Illegal Miners & Transporters of Minerals | ITAT

Case Details: District Mining Officer, … Continue reading “TCS Provisions Applicable on Compounding Fees Received from Illegal Miners & Transporters of Minerals | ITAT”

Blog, Competition Law, Income Tax

July 27, 2023

NCLAT Upholds CCI’s No-penalty Order Due to Small Turnover and COVID Impact

Case Details: Chief Materials Manager, … Continue reading “NCLAT Upholds CCI’s No-penalty Order Due to Small Turnover and COVID Impact”

Blog, News, Income Tax

July 26, 2023

[Opinion] Understanding the Tax Implications of Corporate Demergers – Case Study of Reliance Industries Ltd.

CA V K Subramani – … Continue reading “[Opinion] Understanding the Tax Implications of Corporate Demergers – Case Study of Reliance Industries Ltd.”

Blog, News, Income Tax

July 26, 2023

Penalty Can’t be Imposed for not Getting Books of Account Audited if No Books are Maintained as per Sec. 44AA | ITAT

Case Details: Lokesh Kumar Sharma … Continue reading “Penalty Can’t be Imposed for not Getting Books of Account Audited if No Books are Maintained as per Sec. 44AA | ITAT”

Blog, News, Income Tax

July 25, 2023

Capital Gains Tax Misfiled | Tribunal Directs AO to Revise Assessment Following Property Sale Error

Case Details: Shrikant Ghanshyam Shah … Continue reading “Capital Gains Tax Misfiled | Tribunal Directs AO to Revise Assessment Following Property Sale Error”

Blog, Advisory, Income Tax

April 25, 2024

Understanding Schedule FA – Guide on Disclosing Foreign Assets and Income in ITR Filing for Indian Residents

Table of Contents Introduction Disclosures … Continue reading “Understanding Schedule FA – Guide on Disclosing Foreign Assets and Income in ITR Filing for Indian Residents”

News, Blog, Income Tax

September 4, 2023

[Opinion] Understanding Tax Implications for Social Media Influencers and Brand Collaborations

CA Rahul Singh & CA … Continue reading “[Opinion] Understanding Tax Implications for Social Media Influencers and Brand Collaborations”