Income Tax

Blog, News, Income Tax

April 14, 2023

[Opinion] Finance Act 2023 | Taxing Dilemma on Distributed Incomes by Business Trusts

Jimit Devani, Parth Shah & … Continue reading “[Opinion] Finance Act 2023 | Taxing Dilemma on Distributed Incomes by Business Trusts”

Blog, News, Income Tax

April 14, 2023

Income Derived by ‘Bangalore Metro’ can’t be Income of State Govt. : ITAT

Case Details: Bangalore Metro Rail … Continue reading “Income Derived by ‘Bangalore Metro’ can’t be Income of State Govt. : ITAT”

Blog, Income Tax

April 13, 2023

How to Save on Taxes While Selling Your Residential Property | Section 54 Rollover Deduction

Table of content Provisions of … Continue reading “How to Save on Taxes While Selling Your Residential Property | Section 54 Rollover Deduction”

Blog, Income Tax

April 13, 2023

Understanding the Presumptive Tax Regime u/s 44AD for eligible Businesses

Table of Contents Presumptive taxation … Continue reading “Understanding the Presumptive Tax Regime u/s 44AD for eligible Businesses”

News, Blog, Income Tax

April 13, 2023

Tax Department conducts Searches on Cooperative Banks Aiding Tax Evasion by Customers

Press Release, dated 11-04-2023 A … Continue reading “Tax Department conducts Searches on Cooperative Banks Aiding Tax Evasion by Customers”

Blog, News, Income Tax

April 13, 2023

AO can’t Change Nature of Payment to Alter TDS Provision During Appeals: HC

Case Details: DLF Homes Panchkula … Continue reading “AO can’t Change Nature of Payment to Alter TDS Provision During Appeals: HC”

Blog, News, Income Tax

April 12, 2023

CBDT Notifies ‘348’ as Cost Inflation Index (provisional) for Financial Year 2023-24

Notification 21/2023, dated 10-04-2023 The … Continue reading “CBDT Notifies ‘348’ as Cost Inflation Index (provisional) for Financial Year 2023-24”

Blog, News, Income Tax

April 12, 2023

Section 271C Penalty can’t be Imposed for Belated or Non-payment of TDS: SC

Case Details: M/s US Technologies … Continue reading “Section 271C Penalty can’t be Imposed for Belated or Non-payment of TDS: SC”

Blog, News, Income Tax

April 11, 2023

[Opinion] Bar on Direct Demand against Deductee – Jus in re

CMA Raji Nathani & CA … Continue reading “[Opinion] Bar on Direct Demand against Deductee – Jus in re”

Blog, News, Income Tax

April 11, 2023

Sale Proceeds used to Settle Family Disputes not Deductible from Capital Gains: SC

Case Details: CIT v. Paville … Continue reading “Sale Proceeds used to Settle Family Disputes not Deductible from Capital Gains: SC”