Clipped from: https://taxguru.in/income-tax/income-tax-implications-joint-development-agreement-property-transactions.html “Explore Income-Tax Implications of Joint Development Agreements in Property Transactions. Unveil the complexities of Section 45(5A) of the Income-tax Act, 1961, covering mechanisms,
Day: November 2, 2024
👌👌👌👌👌👌👌Composite Supply and Mixed Supply under GST Explained
Clipped from: https://taxguru.in/goods-and-service-tax/composite-supply-mixed-supply-gst-explained.html Many a times suppliers sold their product/services in a combination or as package. These package may be naturally bundled or not. These types
👌GST Amnesty Scheme 128A: No Interest, Penalty for FY 2017-18 to 2019-20
Clipped from: https://taxguru.in/goods-and-service-tax/gst-amnesty-scheme-128a-interest-penalty-fy-2017-18-2019-20.html GST Amnesty Scheme- 128A-No Interest & Penalty from FY 2017-18, 2018-19 & 2019-20 -Simplified Summary: The GST Amnesty Scheme under Section 128A offers relief
👌Section 148 Notice quashed as procedure adopted being per se illegal: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/section-148-notice-quashed-procedure-adopted-se-illegal-itat-mumbai.html Chemox Exports Imports Pvt. Ltd. Vs Income Tax Department Assessment Unit (ITAT Mumbai) ITAT Mumbai held that notice issued under section 148 of
👌👌👌👌👌👌👌Section 48 in The Income Tax Act, 1961
Clipped from: https://indiankanoon.org/doc/121068/ -The income chargeable under the head “Capital gains” shall be computed, by deducting from the full value of the consideration received or accruing
👌👌👌👌👌👌👌CBDT notifies Cost Inflation indexes with Base Year as 2001-02
Clipped from: https://taxguru.in/income-tax/cbdt-notifies-cost-inflation-indexes-base-year-200102.html CBDT has vice Notification No. 44/2017 notified Cost Inflation indexes with Base Year as 2001-02 for the Financial Year 2001-02 to 2017-18 and
👌👌👌👌👌👌👌Cost Inflation Index (CII): Meaning, Index from 1981-82 to 2024-25 & Benefits
Clipped from: https://taxguru.in/income-tax/cost-inflation-index-cii-meaning-index-1981-82-to-2024-25-benefits.html Introduction The Cost Inflation Index (CII) is a measure of inflation used in the computation of long-term capital gains on the sale of
👌👌👌👌👌👌👌New RCM Time of Supply Rules Effective from 1st November 2024
Clipped from: https://taxguru.in/goods-and-service-tax/rcm-time-supply-rules-effective-1st-november-2024.html Summary: Effective November 1, 2024, new amendments to the CGST Act will change the time of supply rules for Reverse Charge Mechanism (RCM)
👌👌👌👌👌👌👌Assessment to be made under Section 144, not 143(3), for defective returns: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/assessment-section-144-1433-defective-returns-itat-delhi.html PME Power Projects India Ltd Vs DCIT (ITAT Delhi) ITAT Delhi held that in the event of defective return filed by the assessee,
👌👌👌👌👌👌👌ITAT Mumbai Invalidates section 148 Reassessment Due to Wrong Approval
Clipped from: https://taxguru.in/income-tax/itat-mumbai-invalidates-section-148-reassessment-due-wrong-approval.html Indu Pankaj Dhandharia Vs ACIT (ITAT Mumbai) ITAT Mumbai held that approval for issuance of notice to issue notice under section 148 of
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