Income Tax

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April 25, 2024

[Analysis] of Revised Rent-Free Accommodation Valuation Rules

Table of Contents What is … Continue reading “[Analysis] of Revised Rent-Free Accommodation Valuation Rules”

Blog, News, Income Tax

August 21, 2023

[Opinion] How to Optimise Tax on Life Insurance Policies Having Annual Premium Exceeding Rs 5 Lacs?

Mayank Mohanka – [2023] 153 … Continue reading “[Opinion] How to Optimise Tax on Life Insurance Policies Having Annual Premium Exceeding Rs 5 Lacs?”

Blog, News, Income Tax

August 21, 2023

CBDT Revises Rule 3 to Lower Rates of Rent-free Accommodation Valuation & Introduces an Inflation-linked Cap

Notification No. 65/2023, dated 18-08-2023 … Continue reading “CBDT Revises Rule 3 to Lower Rates of Rent-free Accommodation Valuation & Introduces an Inflation-linked Cap”

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August 19, 2023

Mutuality Doesn’t Exempt Interest Income of Clubs Even If Banks are Corporate Members | SC

Case Details: Secundrabad Club etc. … Continue reading “Mutuality Doesn’t Exempt Interest Income of Clubs Even If Banks are Corporate Members | SC”

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August 19, 2023

CBDT Includes ‘IFSC Unit’ in Scope of ‘TT Buying Rate’ for Computing TDS on Foreign Currency Income

Notification No. 64/2023, dated 17-08-2023 … Continue reading “CBDT Includes ‘IFSC Unit’ in Scope of ‘TT Buying Rate’ for Computing TDS on Foreign Currency Income”

Blog, Advisory, Income Tax

April 25, 2024

[Analysis] Life Insurance Policy Taxation Demystified – All You Need to Know

Table of Contents The Finance … Continue reading “[Analysis] Life Insurance Policy Taxation Demystified – All You Need to Know”

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August 18, 2023

CBDT Notifies Rule 11UACA to Compute Taxable Income in Respect of Sum Received Under Life Insurance Policies

Notification No. 61/2023, dated 16-08-2023 … Continue reading “CBDT Notifies Rule 11UACA to Compute Taxable Income in Respect of Sum Received Under Life Insurance Policies”

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August 18, 2023

CBDT Issues Clarifications on the Applicability of Section 10(10D) Exemption on Life Insurance Policies

CIRCULAR NO. 15 OF 2023, … Continue reading “CBDT Issues Clarifications on the Applicability of Section 10(10D) Exemption on Life Insurance Policies”

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August 17, 2023

CBDT Releases Draft Form No. 6C for Submission of Inventory Valuation Report u/s 142(2A)

F. No. 370142/29/2023-TPL, dated 16-08-2023 … Continue reading “CBDT Releases Draft Form No. 6C for Submission of Inventory Valuation Report u/s 142(2A)”

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August 17, 2023

Entire Capital Gain to be Taxed in Assessee’s Hand If It Was Found That Other Sellers Were Controlled Puppets | ITAT

Case Details: Deputy Commissioner of … Continue reading “Entire Capital Gain to be Taxed in Assessee’s Hand If It Was Found That Other Sellers Were Controlled Puppets | ITAT”