Income Tax

Blog, Advisory, Income Tax

April 25, 2024

Bitcoin ETFs in India – A Turning Point for Crypto Investments and Tax Implications for Indian Investors

Table of Contents Section 115BBH: … Continue reading “Bitcoin ETFs in India – A Turning Point for Crypto Investments and Tax Implications for Indian Investors”

News, Blog, Income Tax

January 11, 2024

HC Deletes Penalty As No Cash Involved If Lender Repaid Loan by Paying to Third Party As Per Assessee’s Instructions

Case Details: Anamallais Bus Transports … Continue reading “HC Deletes Penalty As No Cash Involved If Lender Repaid Loan by Paying to Third Party As Per Assessee’s Instructions”

Blog, News, Income Tax

January 11, 2024

SC Granted an Interim Stay on HC’s Order that Sec. 292B Can’t Rectify Error of Failure to Mention DIN in Order

Case Details: Commissioner of Income-tax … Continue reading “SC Granted an Interim Stay on HC’s Order that Sec. 292B Can’t Rectify Error of Failure to Mention DIN in Order”

Blog, Income Tax

September 1, 2026

Capital Gains in India – Definition | Types | Tax Rates

Capital gains are the profits … Continue reading “Capital Gains in India – Definition | Types | Tax Rates”

Blog, News, Income Tax

January 10, 2024

[Opinion] The Reassessment Procedure Effective From 1.4.2021 – Certain Aspects

CA P.V.R. Prabhakar – [2024] … Continue reading “[Opinion] The Reassessment Procedure Effective From 1.4.2021 – Certain Aspects”

Blog, News, Income Tax

January 10, 2024

No Penalty Proceedings u/s 270A If Additions Were Made Based on Voluntary Disclosure By Assessee | HC

Case Details: Chambal Fertilizers and … Continue reading “No Penalty Proceedings u/s 270A If Additions Were Made Based on Voluntary Disclosure By Assessee | HC”

Blog, News, Income Tax

January 9, 2024

Expression ‘Used for Purposes of Business’ in Sec. 32(1) Had to Be Construed Liberally to Include Even Passive Use | HC

Case Details: Principal Commissioner of … Continue reading “Expression ‘Used for Purposes of Business’ in Sec. 32(1) Had to Be Construed Liberally to Include Even Passive Use | HC”

News, Blog, Income Tax

January 8, 2024

[Opinion] Some Legal Issues – To Ruminate Over

Dr (CA) Hemant O Sharma, … Continue reading “[Opinion] Some Legal Issues – To Ruminate Over”

Blog, News, Income Tax

January 8, 2024

Interest Paid on Capital Account of Partner to Be Allowed If It Was Borrowed to Settle Debt of Partnership Firm | ITAT

Case Details: Ariff & Co. … Continue reading “Interest Paid on Capital Account of Partner to Be Allowed If It Was Borrowed to Settle Debt of Partnership Firm | ITAT”

Blog, News, Income Tax

January 6, 2024

Govt. Notifies Investment in Financial Product By NR With ‘IFSC Capital Market Intermediary’ for Sec. 10(4G) Exemption

Notification No. 04/2024, dated 04-01-2024 … Continue reading “Govt. Notifies Investment in Financial Product By NR With ‘IFSC Capital Market Intermediary’ for Sec. 10(4G) Exemption”