Blog, News, Income Tax February 16, 2024 No Additions Towards Capitation Fee Relying Upon Documents Found From Employees of Trust | ITAT Case Details: Padmashree Dr. D.Y. … Continue reading “No Additions Towards Capitation Fee Relying Upon Documents Found From Employees of Trust | ITAT”
Blog, News, Income Tax February 16, 2024 [Opinion] TCS on Remittances Under LRS and for Purchase of Overseas Tour Package Manoj Gupta – [2024] 159 … Continue reading “[Opinion] TCS on Remittances Under LRS and for Purchase of Overseas Tour Package”
Blog, Advisory, Income Tax April 25, 2024 [FAQs] Understanding Section 43B(h) of the Income-tax Act – Deductions for Payments to MSEs The Income-tax Act allows the … Continue reading “[FAQs] Understanding Section 43B(h) of the Income-tax Act – Deductions for Payments to MSEs”
News, Blog, Income Tax February 13, 2024 Net Direct Tax Collection Up To 01-02-2024 Stands at Rs. 15.60 Lakh Crore, Up By 20.25% From Last Year | CBDT Press Release, dated 11-02-2024 The … Continue reading “Net Direct Tax Collection Up To 01-02-2024 Stands at Rs. 15.60 Lakh Crore, Up By 20.25% From Last Year | CBDT”
Blog, News, Income Tax February 13, 2024 AO to Consider Modified ITR Filed Manually If e-Filing Portal Wasn’t Enabled to Accept It | Madras HC Case Details: Pallava Textiles Private … Continue reading “AO to Consider Modified ITR Filed Manually If e-Filing Portal Wasn’t Enabled to Accept It | Madras HC”
Blog, News, Income Tax February 12, 2024 Delay in Payment of Tax Can’t be Equated With Wilful Attempt to Evade Tax | HC Quashes Prosecution Case Details: Unique Trading Co. … Continue reading “Delay in Payment of Tax Can’t be Equated With Wilful Attempt to Evade Tax | HC Quashes Prosecution”
Blog, News, Income Tax February 12, 2024 Income Tax Dept. Conducts Search Operations in Chhattisgarh on Politically Exposed Person Press Release, dated 08-02-2024 The … Continue reading “Income Tax Dept. Conducts Search Operations in Chhattisgarh on Politically Exposed Person”
News, Blog, Income Tax February 9, 2024 Loose Sheets Found in House of 3rd Party Can’t be Considered As Evidence Without Producing Corroborative Evidence | HC Case Details: DCIT v. Sunil … Continue reading “Loose Sheets Found in House of 3rd Party Can’t be Considered As Evidence Without Producing Corroborative Evidence | HC”
Blog, News, Income Tax February 9, 2024 Govt. Notifies ‘Exchange of Information With Respect to Taxes’ Agreement With Samoa Notification No. 21/2024, dated 07-02-2024 … Continue reading “Govt. Notifies ‘Exchange of Information With Respect to Taxes’ Agreement With Samoa”
Blog, News, Income Tax February 8, 2024 Criminal Liability of Co. Gets Wiped Off Once it’s Taken Over by New Management Pursuant to Resolution Plan | HC Case Details: Vasan Healthcare (P.) … Continue reading “Criminal Liability of Co. Gets Wiped Off Once it’s Taken Over by New Management Pursuant to Resolution Plan | HC”