Practice Updates

Dilemmas in HUF Taxation

Income Tax Current Issues

Special Benefits to Individual and HUF Assessees in Respect of Sale of Long-Term Capital Assets Being Land or Building or Both

Income Tax Current Issues

Dilemmas in Gift of Assets to Relatives and Non-Relatives

Income Tax Current Issues

Penalty for Under Reporting and Misreporting of Income

Income Tax Current Issues

Meaning of Information for the Purpose of Initiating Reassessment Proceedings

Income Tax Current Issues

Self-Occupied Residential Properties

Income Tax Current Issues

Meaning of Succession to Business For Set-off of Losses of Predecessor

Income Tax Current Issues

Updated Return Under Section 139(8A)

Income Tax Current Issues

Latest Statutory Update vis-a-vis GST

Income Tax Current Issues

Bunching of Multiple Financial Years in a Single Show Cause Notice is Not Valid

Income Tax Current Issues

Sale of Shares and Then Buy Back Thereof—A Case Study

Income Tax Current Issues

Utilisation of Corpus Donation by Trusts

Income Tax Current Issues

One Out of Two Residential Buildings Allowed Exemption Under Section 54F

Income Tax Current Issues

Relief from tax audit under section 44AB

Income Tax Current Issues

Time limit for issue of notices under sections 148 and 148A

Income Tax Current Issues

Procedure before issuance of notice under section 148

Income Tax Current Issues

Issue of notice under section 148 where income which has escaped assessment

Income Tax Current Issues

Issues in time period for refund interest

Income Tax Current Issues

Exempt income not disclosed in ITR vis a vis revision under section 263

Income Tax Current Issues

Presumptive income and advance tax obligations

Income Tax Current Issues

Is disallowance of interest on capital and working partner salary automatic in best judgment assessments under section 144?

Income Tax Current Issues

ADVISORY FOR SDD COMPLIANCE BY FIDUCIARIES UNDER THE SEBI (PIT) REGULATIONS, 5

Income Tax Current Issues

Taxation of Agricultural Income

Income Tax Current Issues

Payments to MSMEs vis-a-vis Section 43B(h) of the Income-tax Act, 1961

Income Tax Current Issues

Impact of section 17(2) in computing rent-free/concessional value of accommodation

Income Tax Current Issues

Some thoughts on Search Provisions

Income Tax Current Issues

FAQs issued by ICAI on PMLA, 2002

Income Tax Current Issues

Time limit for issue of notice prescribed in section 149

Income Tax Current Issues

Removal of `encumbrance` is cost of improvement and eligible for indexation

Income Tax Current Issues

The phrase "genuine hardship" must be interpreted liberally

Income Tax Current Issues

Expenditure incurred for developing new product when abandoned it is a deductible expenditure

Income Tax Current Issues

Do not contravene section 269 ST even for gifts received from relatives

Income Tax Current Issues

Filing of application for advance ruling

Income Tax Current Issues

Extension of date of filing of TDS/TCS return

Income Tax Current Issues

New Tax Regime under section 115BAC for all assessees other than a company

Income Tax Current Issues

Section 92C-Transfer Pricing-Arms Length Price-Tolerance Range

Income Tax Current Issues

Where the institution or fund makes an application for approval under section 80G in any other case [New application]

Income Tax Current Issues

Audit Trail (Edit Log) Feature Mandatorily Applicable on Companies from 1-4-2023

Income Tax Current Issues

Procedure for Registration of Digital Signature on MCA New V3 Portal

Income Tax Current Issues

Major changes made in Company Law Forms of V3 Website of MCA

Income Tax Current Issues

Banks, NBFCs, Post Office mandated to report interest credited in any deposit account without any threshold

Income Tax Current Issues

Extension of dates of compliances for the purposes of sections 54 to 54GB

Income Tax Current Issues

Receipts related to a dealership/distributorship contract by the co-operative society on any day in a previous year not hit by section 269ST

Income Tax Current Issues

CBDT Circular On TDS From Salaries--Points to Be Taken Care of By Tax Deductors

Income Tax Current Issues

To Save Penalty Offer Cess to Tax If Claimed as Deduction in Earlier Years

Income Tax Current Issues

File Your Tran-1 and Tran-2 Forms Till 30-11-2022

Income Tax Current Issues

Successor to File Updated Return--Law and Procedure Regarding

Income Tax Current Issues

Maintenance of Books of Accounts by Trusts and Exempt Institutions--Law and Procedure Regarding

Income Tax Current Issues

UNCERTAINTIES IN OPT IN OR OPT OUT OF SECTIONS 44AD VIS A VIS 44AB

Income Tax Current Issues

PAYMENT OF BONUS OR COMMISSION WHICH IS OTHERWISE PAYABLE AS DIVIDEND NOT ALLOWABLE?

Income Tax Current Issues

A CASE WHERE IN A REVISION UNDER SECTION 264 INCOME CAN BE FIXED LESS THAN ADMITTED IN ITR

Income Tax Current Issues

VALIDITY OF REASSESSMENT AFTER CHANGE OF CASE TO ANOTHER JURISDICTIONAL AO

Income Tax Current Issues

SECTION 53A OF TRANSFER OF PROPERTY ACT WILL NOT APPLY TO UNREGISTERED JDA

Income Tax Current Issues

BUSINESS INCOME VIS A VIS INCOME FROM HOUSE PROPERTY

Income Tax Current Issues

Indian Startup

Income Tax Current Issues

GST on Online Gaming

Income Tax Current Issues

Extension of Due Dates vide Circular No./2022 dated 11.2022

Income Tax Current Issues

Summary of Recent GST Statutory Updates

Income Tax Current Issues

BROUGHT FORWARD BUSINESS LOSS SET OFF AGAINST SHORT-TERM CAPITAL GAIN ON SALE OF DEPRECIABLE ASSETS

Income Tax Current Issues

SCOPE OF TAX DEDUCTION UNDER SECTION 194-IA

Income Tax Current Issues

MEANING OF "LIABLE TO TAX"

Income Tax Current Issues

DISALLOWANCE OF INTEREST PAID OR PAYABLE TO MSME WHILE COMPUTING INCOME

Income Tax Current Issues

LEVY OF FEE UNDER THE INCOME TAX ACT

Income Tax Current Issues

A COMPARATIVE STUDY OF TAX LIABILITY

Income Tax Current Issues

TAX CONSEQUENCE OF NOT HAVING PAN OR BEING NON-FILER OF ITR

Income Tax Current Issues

TIME LIMIT FOR FILING APPLICATION FOR REGISTRATION AND RENEWAL OF REGISTRATION BY CHARITABLE TRUSTS/INSTITUTIONS

Income Tax Current Issues

TAXATION OF SUBSIDY FROM CENTRAL OR STATE GOVERNMENT

Income Tax Current Issues

GLOBAL MINIMUM TAX: A STEP TOWARDS ADDRESSING TAX EVASION BY MULTINATIONAL ENTITIES

Income Tax Current Issues

CAN A WRIT BE USED FOR SEEKING RELEASE OF REFUND WITHHELD UNDER SECTION 241A?

Income Tax Current Issues

CONSEQUENCE OF CONVERTING A COMPANY INTO A LLP

Income Tax Current Issues

TAX EFFECT OF SLUMP SALE OF MORE THAN ONE UNIT WITH SOME OF THEM HELD FOR LESS THAN 36 MONTHS

Income Tax Current Issues

IS TRC IS IMPORTANT TO AVAIL DTAA BENEFITS BY A NON-RESIDENT?

Income Tax Current Issues

TAX CONSEQUENCE OF INVENTORY ADMITTED IN A SURVEY UNDER SECTION 133A

Income Tax Current Issues

SURCHARGE AND HIGHER EDUCATION CESS DEDUCTIBLE EXPENDITURE UNDER SECTION 37/43B

Income Tax Current Issues

TAX IMPLICATIONS OF RECEIPT OF CAPITAL ASSET OR STOCK IN TRADE BY A PARTNER ON CERTAIN OCCASIONS

Income Tax Current Issues

SPECIAL FOCUS ON CORPUS DONATIONS FOR IDENTIFICATION BY CHARITABLE TRUSTS/INSTITUTIONS

Income Tax Current Issues

ISSUES IN COMPUTATION OF PRESUMPTIVE INCOME UNDER SECTION 44AD AND TURNOVER LIMIT FOR THE PURPOSE OF SECTION 44AB

Income Tax Current Issues

VALIDITY OF REASSESSMENT PROCEEDINGS AFTER INTIMATION UNDER SECTION 143(1) WITHOUT ANY ADDITIONAL INFORMATION/EVIDENCE

Income Tax Current Issues

ALLOWANCE OF EXPENDITURE INCURRED BY PHARMACEUTICAL COMPANIES WHICH BENEFIT DOCTORS

Income Tax Current Issues

EXERCISING THE OPTION OF STAY OF DEMAND DURING PENDENCY OF APPEAL

Income Tax Current Issues

EXCEPTION TO THE LIBERAL VIEW OF MERE WRITE OFF OF DEBT IN THE BOOKS OF THE ASSESSEE

Income Tax Current Issues

SET OFF OF UNABSORBED DEPRECIATION AND BUSINESS LOSS OF OTHER BUSINESS AFTER DEDUCTING INCOME UNDER SECTION 10AA

Income Tax Current Issues

DILEMMAS ASSOCIATED WITH RECEIPT OF ENHANCED COMPENSATION AND INTEREST ON SUCH ENHANCED COMPENSATION

Income Tax Current Issues

VALIDITY OF LAUNCHING PROSECUTION PROCEEDINGS WITHOUT DETERMINATION OF UNACCOUNTED INCOME AND TAX PAYABLE THEREON

Income Tax Current Issues

VALIDITY OF ASSESSMENT WHEN THERE IS FAILURE TO ISSUE NOTICE UNDER SECTION 143(2)/148 ON THE ASSESSEE AND/OR ON LEGAL REPRESENTATIVE

Income Tax Current Issues

TAX AUDIT UNDER SECTION 44AB

Income Tax Current Issues

A BREATHER FOR MICRO EDUCATIONAL/HOSPITAL INSTITUTIONS

Income Tax Current Issues

IMMUNITY FROM PENALTY IS NOT AVAILABLE IN THE CASE OF MISREPORTING OF INCOME

Income Tax Current Issues

WHEN CASH CREDITS ARE ACCEPTED AS GENUINE CREDITS IN PENALTY PROCEEDINGS THE QUANTUM ADDITION MADE IN ASSESSMENT WOULD GET AUTOMATIC RELIEF

Income Tax Current Issues

ELIGIBILITY FOR EXEMPTION UNDER SECTION 54 WHEN AGREEMENT FOR CONSTRUCTION MADE BEFORE SALE OF RESIDENTIAL PROPERTY

Income Tax Current Issues

CLAIM OF INTEREST ON HOUSING LOAN AND PRINCIPAL BY SPOUSE HAVING SOURCE OF INCOME

Income Tax Current Issues

EDUCATIONAL INSTITUTION COLLECTING CAPITATION FEE WHICH IS MORE THAN PRESCRIBED FEE AND TAX CONSEQUENCE

Income Tax Current Issues