Income Tax

Blog, Income Tax

October 21, 2024

[Analysis] TOLA and Income Tax Act – Reassessment Notices and Legal Implications

TOLA (Taxation and Other Laws … Continue reading “[Analysis] TOLA and Income Tax Act – Reassessment Notices and Legal Implications”

Blog, Advisory, Income Tax

October 7, 2024

[Analysis] Supreme Court Rulings on Validity of Reassessment Notices – Illustrations | Implications

The validity of a reassessment … Continue reading “[Analysis] Supreme Court Rulings on Validity of Reassessment Notices – Illustrations | Implications”

News, Blog, Income Tax

October 7, 2024

No Deduction of Compensation Paid for Breach of Contract if Firm Had No Right or Title in Properties | HC

Case Details: PCIT vs. Canara … Continue reading “No Deduction of Compensation Paid for Breach of Contract if Firm Had No Right or Title in Properties | HC”

Blog, News, Income Tax

October 6, 2024

No Books Maintenance Requirement for Agriculturist for Claiming Exemption u/s 10(1) | ITAT

Case Details: Ishwar Chander Pahuja … Continue reading “No Books Maintenance Requirement for Agriculturist for Claiming Exemption u/s 10(1) | ITAT”

Blog, Income Tax

October 4, 2024

Donee-Based Gift Tax – Comprehensive Overview of Taxation on Gifts Under Section 56(2)(x)

Donee-based taxation of gifts refers … Continue reading “Donee-Based Gift Tax – Comprehensive Overview of Taxation on Gifts Under Section 56(2)(x)”

Blog, Advisory, Income Tax

October 4, 2024

[Analysis] Direct Tax Vivad Se Vishwas Scheme 2024 – How to Compute Disputed Tax?

The Computation of Disputed Tax under the Direct … Continue reading “[Analysis] Direct Tax Vivad Se Vishwas Scheme 2024 – How to Compute Disputed Tax?”

Blog, Advisory, Income Tax

October 4, 2024

[Analysis] Direct Tax Vivad Se Vishwas Scheme 2024 – Key Features | FAQs | Benefits

Direct Tax Vivad Se Vishwas … Continue reading “[Analysis] Direct Tax Vivad Se Vishwas Scheme 2024 – Key Features | FAQs | Benefits”

Blog, News, Income Tax

October 4, 2024

CBDT Specifies Procedures for Making Declarations and Furnishing Undertakings in Form-1 Under Vivad Se Vishwas

Notification No. 4 of 2024, … Continue reading “CBDT Specifies Procedures for Making Declarations and Furnishing Undertakings in Form-1 Under Vivad Se Vishwas”

Blog, News, Income Tax

October 4, 2024

CBDT Issues New Guidelines to Handle Applications for Condonation of Delay in Filing ITR with Refund/Losses

Circular No. 11/2024, dated 01-10-2024 … Continue reading “CBDT Issues New Guidelines to Handle Applications for Condonation of Delay in Filing ITR with Refund/Losses”

Blog, News, Income Tax

October 4, 2024

SC Rules in Favour of Tax Dept. | Reassessment Notice Can Be Issued After 01-04-2021 Under Old Provisions

Case Details: Union of India … Continue reading “SC Rules in Favour of Tax Dept. | Reassessment Notice Can Be Issued After 01-04-2021 Under Old Provisions”