Income Tax

Blog, News, Income Tax

April 12, 2023

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

Notification 21/2023, dated 10-04-2023 The … Continue reading “CBDT Notifies ‘348’ as Cost Inflation Index (provisional) for Financial Year 2023-24”

Blog, News, Income Tax

April 12, 2023

Section 271C Penalty can’t be Imposed for Belated or Non-payment of TDS: SC

Case Details: M/s US Technologies … Continue reading “Section 271C Penalty can’t be Imposed for Belated or Non-payment of TDS: SC”

News, Blog, Income Tax

April 11, 2023

[Opinion] Bar on Direct Demand against Deductee – Jus in re

CMA Raji Nathani & CA … Continue reading “[Opinion] Bar on Direct Demand against Deductee – Jus in re”

Blog, News, Income Tax

April 11, 2023

Sale Proceeds used to Settle Family Disputes not Deductible from Capital Gains: SC

Case Details: CIT v. Paville … Continue reading “Sale Proceeds used to Settle Family Disputes not Deductible from Capital Gains: SC”

Blog, News, Income Tax

April 10, 2023

Searches Conducted before 01-06-2015 would also come under Amendment brought by FA 2015 in Sec. 153C: SC

Case Details: ITO vs. Vikram … Continue reading “Searches Conducted before 01-06-2015 would also come under Amendment brought by FA 2015 in Sec. 153C: SC”

Blog, News, Income Tax

April 7, 2023

[Opinion] Whether Requirement of giving an Assessee a Reasonable Opportunity of Personal Hearing is Mandatory?

Mukesh Kohli – [2023] 149 … Continue reading “[Opinion] Whether Requirement of giving an Assessee a Reasonable Opportunity of Personal Hearing is Mandatory?”

News, Blog, Income Tax

April 7, 2023

Employer to Deduct Tax as per New Tax Regime if Employee didn’t intimate about Opting of Old Regime: CBDT

Circular no 4 of 2023, … Continue reading “Employer to Deduct Tax as per New Tax Regime if Employee didn’t intimate about Opting of Old Regime: CBDT”

Blog, Income Tax

April 6, 2023

Depreciation and its Statutory Background in relation to Business Assets

Table of Content 1. Statutory … Continue reading “Depreciation and its Statutory Background in relation to Business Assets”

Blog, News, Income Tax

April 6, 2023

Date of Sale Agreement to be Considered while Allowing Sec. 54F Relief even if Sale Deed was Executed Later: ITAT

Case Details: Mrs. D. Vijayalakshmi … Continue reading “Date of Sale Agreement to be Considered while Allowing Sec. 54F Relief even if Sale Deed was Executed Later: ITAT”

Blog, News, Income Tax

April 6, 2023

Definition of ‘Sikkimese’ amended by Finance Act 2023 is applicable only for Income-tax Act: CBDT

Press Release, dated 04-04-2023 The … Continue reading “Definition of ‘Sikkimese’ amended by Finance Act 2023 is applicable only for Income-tax Act: CBDT”