Income Tax

Blog, Advisory, Income Tax

April 25, 2024

[Analysis] Changes Introduced in the New ITR-2 | ITR-3 | ITR-5 for Assessment Year 2024-25

Table of Contents Individuals/HUFs liable … Continue reading “[Analysis] Changes Introduced in the New ITR-2 | ITR-3 | ITR-5 for Assessment Year 2024-25”

Blog, News, Income Tax

February 7, 2024

No Limitation Period Prescribed for Compounding of Offences Under Income Tax Act | HC

Case Details: Photon Kathaas Production … Continue reading “No Limitation Period Prescribed for Compounding of Offences Under Income Tax Act | HC”

Blog, News, Income Tax

February 7, 2024

AO’s Order Couldn’t Be Held Erroneous If He Accepted Assessee’s Claim Relying on SC’s Ruling | ITAT

Case Details: Pawan Kumar vs. … Continue reading “AO’s Order Couldn’t Be Held Erroneous If He Accepted Assessee’s Claim Relying on SC’s Ruling | ITAT”

News, Blog, Income Tax

February 5, 2024

CIT Couldn’t Revise Order on Issues Which Were Not Covered by Limited Scrutiny Assessment | ITAT

Case Details: Mind Sports League … Continue reading “CIT Couldn’t Revise Order on Issues Which Were Not Covered by Limited Scrutiny Assessment | ITAT”

Blog, News, Income Tax

February 3, 2024

Non-Renewal of Contract Doesn’t Amount to Termination; Compensation Received on Non-Renewal of Contract Isn’t Taxable

Case Details: Ms Padma Rao … Continue reading “Non-Renewal of Contract Doesn’t Amount to Termination; Compensation Received on Non-Renewal of Contract Isn’t Taxable”

Blog, News, Income Tax

February 3, 2024

CBDT Further Extends Deadline for Processing ITRs with Refund Claims for AYs upto 2020-21 till April 30, 2024

F. NO. 225/132/2023/ITA-II dated 31-01-2024 … Continue reading “CBDT Further Extends Deadline for Processing ITRs with Refund Claims for AYs upto 2020-21 till April 30, 2024”

Blog, News, Income Tax

February 2, 2024

CBDT Notifies ITR-2 & ITR-3 for AY 2024-25 | Individuals/HUFs Subject to Tax Audit Can Verify ITR Using EVC

Notification no. 19/2024, dated 31-01-2023 … Continue reading “CBDT Notifies ITR-2 & ITR-3 for AY 2024-25 | Individuals/HUFs Subject to Tax Audit Can Verify ITR Using EVC”

Blog, News, Income Tax

February 1, 2024

Donations Collected from Parents for New Admissions Without Any Compulsion Couldn’t be Termed as Capitation Fees | ITAT

Case Details: Deputy Commissioner of … Continue reading “Donations Collected from Parents for New Admissions Without Any Compulsion Couldn’t be Termed as Capitation Fees | ITAT”

Blog, News, Income Tax

February 1, 2024

[Opinion] Interim Budget 2024 | A Glimpse into Anticipated Tax Reforms from a Business Restructuring Perspective

CA Harsh Biyani, CA Shubham … Continue reading “[Opinion] Interim Budget 2024 | A Glimpse into Anticipated Tax Reforms from a Business Restructuring Perspective”

Blog, Income Tax

January 31, 2024

Comprehensive Guide to Startup India Scheme – Definition | Lifecycle | Tax Benefits

Table of Contents What is … Continue reading “Comprehensive Guide to Startup India Scheme – Definition | Lifecycle | Tax Benefits”