Clipped from: https://taxguru.in/income-tax/taxation-income-sale-shares.html Income earned by the sale of shares and mutual funds is covered under the heading ‘Income from Capital Gain’. The capital gain can
Month: April 2023
Mere change of opinion not valid for reopening of assessment u/s 148
Clipped from: https://taxguru.in/income-tax/mere-change-opinion-valid-re-opening-assessment-u-s-148-income-tax-act.html CGS-CIMB Securities (India) P. Ltd. Vs CIT (Appeals), NFAC Mumbai (ITAT Mumbai) ITAT Mumbai held that re-opening of assessment under section 148 of
Condonation of delay for condoning huge delay not granted for non-satisfying reasons
Clipped from: https://taxguru.in/income-tax/condonation-delay-condoning-huge-delay-granted-non-satisfying-reasons.html Matrix Sea Foods India Ltd Vs ACIT (ITAT Hyderabad) ITAT Hyderabad held that reasons given in the condonation application for the delay are
👍👍👍👍👍👍👍 Foreign Trade Policy 2023 announced
Clipped from: https://taxguru.in/dgft/foreign-trade-policy-2023-announced.html Foreign Trade Policy 2023 announced FTP 2023 is a dynamic and open ended Policy that will accommodate the emerging needs: Sh. Piyush Goyal PM
4 days to appear in Income Tax Office is inconsistent with mandatory Time prescribed u/s 148A(b): Punjab & Haryana HC sets aside Order
Clipped from: https://www.taxscan.in/4-days-to-appear-in-income-tax-office-is-inconsistent-with-mandatory-time-prescribed-u-s-148ab-punjab-haryana-hc-sets-aside-order/266506/ The Punjab and Haryana High Court (HC) in its recent case set aside the order since the 4 days to appear in Income
TDS Credit in respect of Interest Received from Deceased Wife’s Deposit cannot be Denied to Assessee: ITAT
Clipped from: https://www.taxscan.in/tds-credit-in-respect-of-interest-received-from-deceased-wifes-deposit-cannot-be-denied-to-assessee-itat/266241/ By Aparna. M – On April 1, 2023 12:00 pm – 2 mins read The Cochin Income Tax Appellate Tribunal ( ITAT ) has recently held that the Tax
Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes proceedings
Clipped from: https://www.taxscan.in/reopening-of-income-tax-assessment-and-recalculation-of-capital-gains-without-fresh-notice-u-s-148-invalid-itat-quashes-proceedings/266255/ The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that reopening of the Income Tax Assessment of the assessee and recalculation of Capital
CBIC notifies Deemed Withdrawal of Assessment on furnishing Non-filed GST Returns GSTR-10 and GSTR-3B
Clipped from: https://www.taxscan.in/cbic-notifies-deemed-withdrawal-of-assessment-on-furnishing-non-filed-gst-returns-gstr-10-and-gstr-3b/266455/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBIC%20notifies%20Deemed%20Withdrawal%20of%20Assessment The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification on 31st March 2023, stating that the assessment proceedings initiated by the
‘MSME lending not about credit assessment only, but also merchant’s intent, credit risk, loan recovery’ | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-msme-lending-not-about-credit-assessment-only-but-also-merchants-intent-credit-risk-loan-recovery/3029522/ Credit and finance for MSMEs: In the lending and fintech environment, there are distinct types of players such as payment aggregators, surrogate players
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