Income Tax

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January 7, 2025

No TDS on Payment Received by ‘NCGTC’ & Credit Guarantee Fund Managed by ‘NCGTC’ | CBDT

Notification F. No. 1/2025 & … Continue reading “No TDS on Payment Received by ‘NCGTC’ & Credit Guarantee Fund Managed by ‘NCGTC’ | CBDT”

Blog, News, Income Tax

January 7, 2025

No TDS u/s 194Q on Goods Purchased From IFSC if Seller Opts for Sec. 80LA Relief | CBDT

Notification No. 3/2025, dated 02-01-2025 … Continue reading “No TDS u/s 194Q on Goods Purchased From IFSC if Seller Opts for Sec. 80LA Relief | CBDT”

Blog, News, Income Tax

January 4, 2025

Govt. Notifies Interest Rates for Small Saving Schemes for 4th Quarter of FY 2024-25 | No Changes Made

Notification F. No. 1/4/2019-NS, dated … Continue reading “Govt. Notifies Interest Rates for Small Saving Schemes for 4th Quarter of FY 2024-25 | No Changes Made”

News, Blog, Income Tax

January 4, 2025

Remuneration Paid to Partner Not Present Daily but Assisting in Accounts Maintenance is Allowable | ITAT

Case Details: Rameshchandra Balachand vs. … Continue reading “Remuneration Paid to Partner Not Present Daily but Assisting in Accounts Maintenance is Allowable | ITAT”

Blog, News, Income Tax

January 3, 2025

CBDT Extends Due Date for Filing Belated/Revised ITR for AY 2024-25 to 15-01-2025 for Resident Individuals

CIRCULAR NO. 21/2024, DATED 31-12-2024 … Continue reading “CBDT Extends Due Date for Filing Belated/Revised ITR for AY 2024-25 to 15-01-2025 for Resident Individuals”

Blog, News, Income Tax

January 3, 2025

No Penalty for Trust if It Mistakenly Claimed Deduction and Withdrew Objection Before Appeal | ITAT

Case Details: Mumbai Educational Trust … Continue reading “No Penalty for Trust if It Mistakenly Claimed Deduction and Withdrew Objection Before Appeal | ITAT”

Blog, News, Income Tax

January 2, 2025

Write-Off of Deposits With Bank Whose License Was Cancelled by RBI Allowed as Deduction u/s 37 | ITAT

Case Details: Surat National Co.op … Continue reading “Write-Off of Deposits With Bank Whose License Was Cancelled by RBI Allowed as Deduction u/s 37 | ITAT”

Blog, News, Income Tax

January 2, 2025

[Opinion] Analysis of Provisions of Section 80GGC Regarding Donations To Political Parties

CA Kaushik D. Shah – … Continue reading “[Opinion] Analysis of Provisions of Section 80GGC Regarding Donations To Political Parties”

Blog, Income Tax

January 2, 2025

Section 158B Block Assessment Guide – Rules | Procedures | Penalties

Block Assessment is a tax … Continue reading “Section 158B Block Assessment Guide – Rules | Procedures | Penalties”

Blog, News, Income Tax

December 30, 2024

Sec. 54F Relief Available Even if New House is Purchased in Name of Wife Who is Separately Assessed | ITAT

Case Details: Vidjayane Durairaj – … Continue reading “Sec. 54F Relief Available Even if New House is Purchased in Name of Wife Who is Separately Assessed | ITAT”