Income Tax

News, Blog, Income Tax

January 6, 2024

Exp. Incurred Towards Interior Decoration Work of Rented Office Premises is Allowable As Revenue Expenditure | ITAT

Case Details: Harmuny Entertainment (P.) … Continue reading “Exp. Incurred Towards Interior Decoration Work of Rented Office Premises is Allowable As Revenue Expenditure | ITAT”

Blog, News, Income Tax

January 5, 2024

Sec. 79 Not Applicable If Change in Shareholding Occurs Between Shareholders Being Holding & Subsidiary Co. | ITAT

Case Details: Hiranandani Healthcare (P.) … Continue reading “Sec. 79 Not Applicable If Change in Shareholding Occurs Between Shareholders Being Holding & Subsidiary Co. | ITAT”

Blog, News, Income Tax

January 4, 2024

[Opinion] Stumpers in Section 115A for Non-residents

CMA Raji Nathani & CA … Continue reading “[Opinion] Stumpers in Section 115A for Non-residents”

Blog, News, Income Tax

January 4, 2024

Withdrawal/Non-pressing of Grounds by Assessee’s Counsel isn’t Mistake Apparent from Records for Sec. 254 | ITAT

Case Details: M/s. Dhanwan Leasing … Continue reading “Withdrawal/Non-pressing of Grounds by Assessee’s Counsel isn’t Mistake Apparent from Records for Sec. 254 | ITAT”

Blog, News, Income Tax

January 3, 2024

ITAT Upheld Penalty as Poor Track Record of Clearance of Cheque Isn’t Valid Reason to Make Repayment in Cash

Case Details: Kamaljeet Kaur Gill … Continue reading “ITAT Upheld Penalty as Poor Track Record of Clearance of Cheque Isn’t Valid Reason to Make Repayment in Cash”

News, Blog, Income Tax

January 3, 2024

Over 8.18 Crore ITR Filed for AY 2023-24, Marking a 9% Rise From AY 2022-23 | CBDT

Press Release, dated 01-01-2024 The … Continue reading “Over 8.18 Crore ITR Filed for AY 2023-24, Marking a 9% Rise From AY 2022-23 | CBDT”

Blog, Income Tax

January 3, 2024

[Analysis] Income Tax Implications on Issue of Securities

Table of Contents Applicability of … Continue reading “[Analysis] Income Tax Implications on Issue of Securities”

Blog, Income Tax

May 8, 2024

Income Tax Implications of Wedding Gifts in India – History | Penal Provisions

What are the income tax … Continue reading “Income Tax Implications of Wedding Gifts in India – History | Penal Provisions”

News, Blog, Income Tax

January 2, 2024

No TCS on Sale of Empty Liquor Bottles as Uncorking Liquor Bottles Didn’t Amount to Generation of ‘Scrap’ | HC

Case Details: Tamil Nadu State … Continue reading “No TCS on Sale of Empty Liquor Bottles as Uncorking Liquor Bottles Didn’t Amount to Generation of ‘Scrap’ | HC”

Blog, News, Income Tax

January 2, 2024

Govt. Increases Interest Rate for Sukanya Samriddhi Scheme From 8.0% to 8.2% For Q4 of FY 2023-24

Office Memorandum F.No.1/4/2019-NS, dated 29-12-2023 … Continue reading “Govt. Increases Interest Rate for Sukanya Samriddhi Scheme From 8.0% to 8.2% For Q4 of FY 2023-24”