Clipped from: https://www.financialexpress.com/money/income-tax/your-money-rethinking-holding-period-for-ltcg-tax/2892869/ Prescribed holding period for long-term capital gains should be in tune with the nature of the asset class If the holding period for
Day: December 4, 2022
Will you be taxed on the ESOPs received from a previous employer? | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/will-you-be-taxed-on-the-esops-received-from-a-previous-employer/2893423/ When ESOPs are exercised and shares are awarded after the employer-employee connection ends, the tax situation becomes murky. The discharge of taxes following
Laid off? know the Income Tax exemption/relief options for employees receiving severance pay | The Financial Express
lipped from: https://www.financialexpress.com/money/income-tax/income-tax-exemption-relief-options-for-laid-off-employees-receiving-severance-pay/2893974/ While the severance pay offered to laid-off employees is not tax-free, there are some options for them to claim tax exemptions/reliefs Check tax-saving
No ITR? You can still get a loan – Here’s how | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/borrowings-no-itr-you-can-still-get-a-loan/2898150/ Salaried applicants will have an ITR, but non-salaried individuals with non-taxable income may find it challenging to furnish documents such as income proof
Capital Gains: The change needed in capital gains taxation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/the-change-needed-in-capital-gains-taxation/articleshow/95780625.cms Synopsis When such a tax used to be there before 2005, it had an indexation facility. Now, all other long-term capital gains taxes
Exemption from TDS deduction: Who can apply, process – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/exemption-from-tds-deduction-who-can-apply-process/articleshow/95778908.cms Synopsis This application can be made by any person, corporate, HUF, individual, etc. An individual may also submit a self declaration in Form
Wall Street hunts for recession plays to weather potential 2023 turbulence | The Financial Express
Clipped from: https://www.financialexpress.com/market/wall-street-hunts-for-recession-plays-to-weather-potential-2023-turbulence/2900373/ Investors in the coming week are awaiting economic data on the U.S. services sector, which grew at its slowest pace in nearly 2-1/2
layoffs: Macro uncertainty, layoffs giving sleepless nights to working professionals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/macro-uncertainty-layoffs-giving-sleepless-nights-to-execs/articleshow/95971553.cms Synopsis About 4-6 out of 10 professionals reaching out for mental health support in the last few months are hounded with the fear
Income Tax department reduces time for taxmen to decide on refund adjustment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/income-tax-dept-reduces-time-for-taxmen-to-decide-on-refund-adjustment/articleshow/95981050.cms Synopsis According to the Directorate of Income Tax (Systems) notice, the time limit of 30 days made available to the assessing officers has
Amendments in Income Tax Act under Finance Act 2021 do not affect notices issued prior to April 1st, 2021: Orissa HC
Amendments in Income Tax Act under Finance Act 2021 do not affect notices issued prior to April 1st, 2021: Orissa HC [Read Order] Read More: https://www.taxscan.in/amendments-in-income-tax-act-under-finance-act-2021-do-not-affect-notices-issued-prior-to-april-1st-2021-orissa-hc/230265/
Reassessment Notice issued without following Provision u/s 148A is not valid: Kerala HC
Reassessment Notice issued without following Provision u/s 148A is not valid: Kerala HC [Read Order] Read More: https://www.taxscan.in/reassessment-notice-issued-without-following-provision-u-s-148a-is-not-valid-kerala-hc/229827/
Cash Gift of Rs. 39 Lakh from Husband during Assessment Proceedings was Mere Afterthought after Search: ITAT Upholds Addition
The Income Tax Appellate Tribunal (ITAT) Bench at Chennai has recently held that, the claim of the assessee, K Gomati that Rs. 39 Lakhs was
CA Cannot be Prosecuted under PMLA merely for Issuing Form No. 15CB
Clipped from: https://taxguru.in/income-tax/ca-prosecuted-pmla-issuing-form-no-15cb.html Murali Krishna Chakrala S/o. Muniram Prasad Chakrala Vs Deputy Director (Madras High Court) The submission of Mr.Nithyaesh Natraj, learned counsel, that mere issuance