Income Tax

Blog, News, Income Tax

July 19, 2023

NRIs with Inoperative PAN are Requested to Intimate Residential Status to AO | CBDT

News, dated 18-07-2023 Non-resident Indians … Continue reading “NRIs with Inoperative PAN are Requested to Intimate Residential Status to AO | CBDT”

Blog, News, Income Tax

July 19, 2023

Forfeiture of Advance Money Due to Buyer’s Non-performance is a Non-taxable Capital Receipt u/s 51: ITAT

Case Details: ACIT v. Ahmad … Continue reading “Forfeiture of Advance Money Due to Buyer’s Non-performance is a Non-taxable Capital Receipt u/s 51: ITAT”

Blog, News, Income Tax

July 18, 2023

[Opinion] A Chain of Amendments in TCS Provisions – Enhanced TCS Rates on Certain Overseas Remittances

CA Sudeep Das & CA … Continue reading “[Opinion] A Chain of Amendments in TCS Provisions – Enhanced TCS Rates on Certain Overseas Remittances”

News, Blog, Income Tax

July 18, 2023

HC Justified Reassessment on Claim of Sec. 10(38) Exemption for Family-promoted Co.’s Share Sale

Case Details: Munjal M Jaykrishna … Continue reading “HC Justified Reassessment on Claim of Sec. 10(38) Exemption for Family-promoted Co.’s Share Sale”

Blog, News, Income Tax

July 17, 2023

CBDT Amends Notification Exempting NRs from ITR Filing Incorporating Amended Definition of ‘Investment Fund’

Notification No. 49/2023, dated 14-07-2023 … Continue reading “CBDT Amends Notification Exempting NRs from ITR Filing Incorporating Amended Definition of ‘Investment Fund’”

Blog, News, Income Tax

July 17, 2023

AO Couldn’t Disallow Medical Camp Expenses Merely Relying Upon Statement of Office Bearer

Case Details: CIT (Exemption) v. … Continue reading “AO Couldn’t Disallow Medical Camp Expenses Merely Relying Upon Statement of Office Bearer”

Blog, News, Income Tax

July 14, 2023

Benefit of Sec. 54B Couldn’t be Denied if Same was Allowed by AO to Co-owner: ITAT

Case Details: Bhikhabhai Rajabhai Dhameliya … Continue reading “Benefit of Sec. 54B Couldn’t be Denied if Same was Allowed by AO to Co-owner: ITAT”

Blog, News, Income Tax

July 14, 2023

CBDT Includes Funds Regulated Under IFSCA Within Scope of Sec. 115UB

Circular no. 12/2023, dated 12-07-2023 … Continue reading “CBDT Includes Funds Regulated Under IFSCA Within Scope of Sec. 115UB”

Blog, Income Tax

September 11, 2024

Income under the Head ‘Profits and Gains of Business or Profession’ and its Computation

The term “Profits and Gains … Continue reading “Income under the Head ‘Profits and Gains of Business or Profession’ and its Computation”

Blog, GST & Customs, Income Tax

July 13, 2023

Interplay of Income Tax & GST

Table of Content Background Fake … Continue reading “Interplay of Income Tax & GST”