Author: Taxmann

RBI Directs all ‘Currency Chest Holding Banks’ Dealing with Govt. Transactions to Remain Open on Sunday, March 31, 2024

Circular No. RBI/2023-24/142 DCM (CC) … Continue reading “RBI Directs all ‘Currency Chest Holding Banks’ Dealing with Govt. Transactions to Remain Open on Sunday, March 31, 2024”

Rental Income Earned on Property Held as ‘Non-Current Investment’ to be Taxed as Income from House Property | ITAT

Case Detail: Effective Teleservices Pvt. … Continue reading “Rental Income Earned on Property Held as ‘Non-Current Investment’ to be Taxed as Income from House Property | ITAT”

CBDT Notifies ‘DGIT (Systems), Delhi’ as Specified Authority u/s 138 for Furnishing Info. to ‘UP Planning Department’

Order F. no. 225/196/2023-ITA.II, dated … Continue reading “CBDT Notifies ‘DGIT (Systems), Delhi’ as Specified Authority u/s 138 for Furnishing Info. to ‘UP Planning Department’”

Downstream Investment Must Exclude Investments in Equity Shares of Debtor Co. of REs but Include Hybrid Instruments | RBI Clarifies

Circular No. RBI/2023-24/140 DOR.STR.REC.85/21.04.048/2023-24; Dated: … Continue reading “Downstream Investment Must Exclude Investments in Equity Shares of Debtor Co. of REs but Include Hybrid Instruments | RBI Clarifies”

HC Directed Assessing Officer to Provide Opportunity to Assessee to Submit Reply who Requested for Extension of Time

Case Detail: Sri Ranganathar Constructions … Continue reading “HC Directed Assessing Officer to Provide Opportunity to Assessee to Submit Reply who Requested for Extension of Time”