Income Tax

Blog, News, Income Tax

June 15, 2023

ITR not Filed in Time as CA was Discharging Family Obligations is ‘Genuine Hardship’, Delay to be Condoned

Case Details: ADCC Infocom (P.) … Continue reading “ITR not Filed in Time as CA was Discharging Family Obligations is ‘Genuine Hardship’, Delay to be Condoned”

Blog, News, Income Tax

June 14, 2023

One Additional Member to be Nominated to Decide Advance Rulings in Case of Difference of Opinion

S.O. 2569(E) dated 12-06-2023 The … Continue reading “One Additional Member to be Nominated to Decide Advance Rulings in Case of Difference of Opinion”

News, Blog, Income Tax

June 14, 2023

CBDT Notifies ‘348’ as Cost Inflation Index for Financial Year 2023-24

S.O. 2571(E) dated 12-06-2023 The … Continue reading “CBDT Notifies ‘348’ as Cost Inflation Index for Financial Year 2023-24”

Blog, News, Income Tax

June 14, 2023

CBDT Eliminates the Mandatory Digital Signing Requirement for Advance Ruling Applications

G.S.R. 432(E) dated 12-06-2023 The … Continue reading “CBDT Eliminates the Mandatory Digital Signing Requirement for Advance Ruling Applications”

Blog, News, Income Tax

June 14, 2023

No Relaxation from Clubbing Provisions for Income Payable to a Minor Until She Attains Majority: HC

Case Details: SIBI JOY v. … Continue reading “No Relaxation from Clubbing Provisions for Income Payable to a Minor Until She Attains Majority: HC”

Blog, Income Tax

June 14, 2023

[FAQs] on Scope and Jurisdiction of Sections 147, 148A and Notice Issuance

Table of Contents Old Law … Continue reading “[FAQs] on Scope and Jurisdiction of Sections 147, 148A and Notice Issuance”

Blog, Income Tax

June 14, 2023

TCS on Foreign Remittances towards LRS Foreign Travel Overseas Tour Packages

Table of Contents Legislative Framework … Continue reading “TCS on Foreign Remittances towards LRS Foreign Travel Overseas Tour Packages”

News, Blog, Income Tax

June 13, 2023

[Opinion] Gifts And Inheritances – A Brief Analysis

CA S. Krishnan – [2023] … Continue reading “[Opinion] Gifts And Inheritances – A Brief Analysis”

Blog, News, Income Tax

June 13, 2023

Sec. 54B Exemption not Valid for Seaside Land Claimed as Agricultural Use: ITAT

Case Details: Keshav Sunderam Rajam … Continue reading “Sec. 54B Exemption not Valid for Seaside Land Claimed as Agricultural Use: ITAT”

Blog, News, Income Tax

June 12, 2023

Incomplete Construction Cost Treated as Consideration if Developer can’t Complete Project under JDA: ITAT

Case Details: Pulikkaparambil George Jacob … Continue reading “Incomplete Construction Cost Treated as Consideration if Developer can’t Complete Project under JDA: ITAT”