Clipped from: https://itatonline.org/digest/articles/analysis-of-sections-147-148-148a-149-and-151-of-the-income-tax-act-1961-act-as-substituted-vide-finance-act-2021/?form=MG0AV3 Executive Summary Vide Finance Act, 2021, provisions related to re-assessment have been substituted. In case of search also, now the assessment will be
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
👌👌👌👌👌👌👌THE NEW REGIME OF REASSESSMENT PROCEEDINGS UNDER SECTION 148A OF THE INCOME-TAX ACT, 1961: A 20-POINT CHECKLIST FOR REPRESENTATION – Digest of case laws
Clipped from: https://itatonline.org/digest/articles/the-new-regime-of-reassessment-proceedings-under-section-148a-of-the-income-tax-act-1961-a-20-point-checklist-for-representation/?form=MG0AV3 By Dr. K. Shivaram, Senior Advocate & Mr. Shashi Bekal, Advocate Executive Summary The Article aims at providing a detailed guide for advocates,
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Clipped from: https://taxguru.in/income-tax/structure-reassessment-provisions-income-tax-act-1961.html Summary: The reassessment provisions under the Income Tax laws are detailed in various sections, primarily Sections 147 to 151. Section 147 allows the Assessing
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Clipped from: https://www.business-standard.com/economy/news/income-tax-dept-begins-scrutiny-in-reassssment-cases-for-ay-2018-19-124073001536_1.html The scrutiny might result in a raft of tax notices Representative Picture The income-tax (I-T) department has started scrutinising cases for the assessment
👌👌👌👌👌👌👌Redevelopment of society – Tax implications
Clipped from: https://taxguru.in/income-tax/redevelopment-society-tax-implications.html I. Introduction II. Income tax considerations A. Whether sale of development rights amounts to transfer and thereby chargeable to tax under the head
Taxpayer Not obliged to Check GST Portal for Notices After Registration Cancellation
Clipped from: https://taxguru.in/goods-and-service-tax/taxpayer-obliged-check-gst-portal-notices-registration-cancellation.html Katyal Industries Vs State of Up And 2 Others (Allahabad High Court) In Katyal Industries Vs State of UP, the Allahabad High Court examined
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Clipped from: https://taxguru.in/income-tax/summary-cost-acquisition-section-49-1-capital-gain-tax.html Explore Section 49(1) of the Income Tax Act, determining cost of acquisition for capital gains in non-transfer cases. Understand provisions, examples, and computation,
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The GST Case Law Compendium – November 2024 Edition provides critical insights into landmark decisions by the High Courts and Supreme Court on various contentious issues under
ITAT Delhi Sets Aside Ex-Parte Order as Notices were never served to Assessee
Raj Rani Vs ITO (ITAT Delhi) In the case of Raj Rani vs. Income Tax Officer (ITO), the Income Tax Appellate Tribunal (ITAT) Delhi bench set
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Clipped from: https://taxguru.in/income-tax/long-term-capital-gains-sale-immovable-property-india.html As per the Indian Income-tax Act, income arising from the sale of a capital asset is taxed under the head ‘Income from Capital
👌👌👌👌👌👌👌Immovable Property Sold at less than Stamp Duty Value – Tax Impact on Seller
Clipped from: https://taxguru.in/income-tax/immovable-property-sold-stamp-duty-tax-impact-seller.html Income-Tax Implications for the Sellers, if any Immovable Property is Sold for a consideration less than Stamp Duty Value When any person sells
[1]👌👌👌👌👌👌👌Summary of Cost of Acquisition under Section 49(1) for Capital Gain Tax
https://taxguru.in/income-tax/summary-cost-acquisition-section-49-1-capital-gain-tax.html Explore Section 49(1) of the Income Tax Act, determining cost of acquisition for capital gains in non-transfer cases. Understand provisions, examples, and computation, ensuring
Fed Chair Jerome Powell says no need to hurry rate cuts with strong economy | World News – Business Standard
https://www.business-standard.com/world-news/fed-chair-jerome-powell-says-no-need-to-hurry-rate-cuts-with-economy-strong-124111500088_1.html US central bankers began lowering borrowing costs in September with an aggressive half-percentage-point cut, and then lowered the policy rate again by a quarter
India’s foreign exchange reserves drop $29 billion in the past six weeks | News on Markets – Business Standard
https://www.business-standard.com/markets/news/india-s-foreign-exchange-reserves-drop-29-billion-in-the-past-six-weeks-124111501398_1.html The week ended Nov 15 saw a decline of $6.48 billion, largely due to foreign investment outflows and a decline in the value of
Galaxy Health Insurance rolls out first insurance product ‘Galaxy Promise’ – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/galaxy-health-insurance-rolls-out-first-insurance-product-galaxy-promise/article68871665.ece Galaxy Promise offers sum insured options ranging from Rs 3 lakh to Rs 1 crore (L-R) Mr. Kannadhasan G, Vice President & State Head
India economy in a ‘sweet spot’, says Moody’s predicting 7.2% GDP growth – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/india-economy-in-a-sweet-spot-says-moodys-predicting-72-gdp-growth/article68872189.ece “Sound economic fundamentals, a stronger external position and ample forex reserves bode well for growth outlook” Moody’s Ratings has predicted India’s economic growth to
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https://www.thehindubusinessline.com/markets/clsa-ups-india-bets-trims-china-allocation/article68872528.ece Cites India’s resilience to trade policy and strong domestic ownership CLSA is reversing its trade that saw a tactical deployment of its over-exposure to
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Number of people with diabetes quadrupled since 1990, says new data – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/national/number-of-people-with-diabetes-quadrupled-since-1990-says-new-data/article68867505.ece ‘India home to most number of people with diabetes, after China’ The number of adults living with diabetes has crossed 800 million globally, more
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