Section 50C Proviso Not Retrospective for AY 2013-14, Rules Ranchi ITAT
Read more at: https://taxguru.in/income-tax/section-50c-proviso-not-retrospective-ay-2013-14-rules-ranchi-itat.html?utm_source=follow.it Copyright © Taxguru.in Prakash Chandra Mukherjee Vs ITO (ITAT Ranchi) Agreement-Date Stamp Value Relief under Section 50C Is Not Retrospective: Ranchi
*******Supreme Court Stays P&H HC Ruling Striking Down S. 147A of Income Tax Act; Reassessment Proceedings Also Stayed
The Supreme Court stayed the Punjab and Haryana High Court judgment which had struck down Section 147A of the Income Tax Act, 1961 as unconstitutional.
Your queries on income tax: File revised return if any income missed in original ITR
1. I had filed my ITR in June and found out some income was not reported. The tax return is also processed. Should I pay
Can NRIs save income tax by gifting shares to their resident parents? Know these tax rules before transferring shares
https://economictimes.indiatimes.com/wealth/tax/can-nris-save-income-tax-by-gifting-shares-to-their-resident-parents-know-these-tax-rules-before-transferring-shares/articleshow/134325155.cms Gifting shares to your parents may look like a simple family transfer, but for an NRI, it can have important tax implications later. There
Rising cyber fraud puts customers at risk; banks need to invest more: Bank of Baroda CEO
On bank-level vulnerabilities, too, Chand said there was no doubt that banks had to invest more. “Let’s accept the fact that the cyber threat is
Is Will registration mandatory? No, but two witnesses are required by law
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/is-will-registration-mandatory-no-but-two-witnesses-are-required-by-law/articleshow/134331040.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst According to the Indian Succession Act, a standard, unprivileged Will needs to be attested by at least two witnesses (or more if
Synopsis
The US Federal Reserve increased interest rates, signaling a global effort to control rising inflation. Other central banks will likely follow the Fed’s lead in
MEA amends Passports Rules; child passports issued under 15 years to be valid for five years or till they turn 18
Read more at:https://economictimes.indiatimes.com/nri/latest-updates/mea-amends-passports-rules-child-passports-issued-under-15-years-to-be-valid-for-five-years-or-till-they-turn-18/articleshow/134315151.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/nri/latest-updates/mea-amends-passports-rules-child-passports-issued-under-15-years-to-be-valid-for-five-years-or-till-they-turn-18/articleshow/134315151.cms Synopsis New regulations allow children under the age of fifteen to obtain passports that will be valid for a period of
ITAT Delhi deletes Section 50C addition after accepting registered valuer’s valuation
Read more at: https://taxguru.in/income-tax/itat-delhi-deletes-section-50c-addition-accepting-registered-valuers-valuation.html?utm_source=follow.it Copyright © Taxguru.in https://taxguru.in/income-tax/itat-delhi-deletes-section-50c-addition-accepting-registered-valuers-valuation.html?utm_source=follow.it Preet Networks Private Limited Vs DCIT (ITAT Delhi) AO Cannot Reject Registered Valuer’s Report in Silence: Accept It
*******Rajasthan HC Upholds Section 147 Explanation for Subsequent Escaped Income
Read more at: https://taxguru.in/income-tax/rajasthan-high-court-upholds-section-147-explanation-subsequent-escaped-income.html?utm_source=follow.it Copyright © Taxguru.in https://taxguru.in/income-tax/rajasthan-high-court-upholds-section-147-explanation-subsequent-escaped-income.html?utm_source=follow.it Papu Ram Vs ACIT (Rajasthan High Court) Once the Reassessment Door Is Validly Opened, AO Can Walk into
ITAT Nagpur Quashes Reassessment for Less Than 7 Days Notice u/s 148A(b)
Read more at: https://taxguru.in/income-tax/days-cannot-stretched-short-notice-148a-reassessment-void-ab-initio.html?utm_source=follow.it Copyright © Taxguru.in https://taxguru.in/income-tax/days-cannot-stretched-short-notice-148a-reassessment-void-ab-initio.html?utm_source=follow.it Shaikh Saidque Haji Shaikh Taher Vs ITO (ITAT Nagpur) The Nagpur Bench of the ITAT has held that
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