Clipped from: https://tax2win.in/guide/section-148 Contents Before making the assessment, reassessment, or recomputation, the Assessing Officer shall serve on the assessee a notice requiring him to furnish within
Category: ART
👌👌👌👌👌👌👌Analysis of sections 147, 148, 148A, 149 and 151 of the Income Tax Act, 1961 (Act) as substituted vide Finance Act, 2021 – Digest of case laws
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
👌👌👌👌👌👌👌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,
👌👌👌👌👌👌👌Interpreting Reassessment Provisions – UOI vs. Rajeev Bansal & Ors (SC)
Clipped from: https://taxguru.in/income-tax/interpreting-reassessment-provisions-uoi-vs-rajeev-bansal-ors-sc.html?form=MG0AV3 Interpreting Reassessment Provisions – UOI vs. Rajeev Bansal & Ors – Civil Appeal No 8629 of 2024 (SC) The primary issue is whether
👌👌👌👌👌👌👌Structure of Reassessment Provisions Under Income Tax Act, 1961
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
👌👌👌👌👌👌👌Income Tax dept begins scrutiny in reassessment cases for AY-2018-19 | Economy & Policy News – Business Standard
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
👌👌👌👌👌👌👌Summary of Cost of Acquisition under Section 49(1) for Capital Gain Tax
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,
👌👌👌👌👌👌👌Long-Term Capital Gains on Sale of Immovable Property in India
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
[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
CLSA ups India bets, trims China allocation – The Hindu BusinessLine
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
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
US December visa bulletin: Something in pack for all Indians; Family-sponsored & EB category applicants move closer to Green Card – BusinessToday
Clipped from: https://www.businesstoday.in/nri/visa/story/us-december-visa-bulletin-something-in-pack-for-all-indians-family-sponsored-eb-category-applicants-move-closer-to-green-card-453611-2024-11-13 This bulletin specifies the allocation of immigrant visas based on priority dates and demand, which is crucial for applicants navigating the green card process
ICAI to knock on MCA door against proposed audit standard revision
https://www.business-standard.com/economy/news/icai-to-knock-on-mca-door-against-proposed-audit-standard-revision-124111302017_1.html The NFRA, after its board meet, has suggested revisions to 40 Standards on Auditing Listen to This Article The Institute of Chartered Accountants of
Lung cancer can soon be detected from your breath-Here’s how – Life News | The Financial Express
https://www.financialexpress.com/life/lung-cancer-can-soon-be-detected-from-your-breath-heres-how-3663855/?ref=morelatest_hp The scientists maintain that lower isoprene levels have been identified as a potential indicator of lung cancer. Lung cancer is often diagnosed at advanced
👌👌👌👌👌👌👌Capital Gains Tax | Redevelopment | CA | TDS on Property | NIL Certifi
Clipped from: https://mnpartners.in/capital-gains-tax-in-redevelopment/ One of my clients recently reached out to me with a unique situation. His inquiry was primarily around Capital Gains Tax in Redevelopment His case
NFRA Board approves revamp proposals on 40 auditing standards – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/nfra-board-approves-revamp-proposals-on-40-auditing-standards/article68860803.ece Also approves revised SA600 despite ICAI concerns; NFRA also okays revised auditing standard on ‘Joint Audits’ Out of the 40 standards, 38 standards
👌Bitcoin at $89,000: What does the law say about cryptocurrencies in India? | Finance News – Business Standard
What are India’s crypto trading regulations? India’s cryptocurrency regulations are complex and evolving. While cryptocurrencies are legal to trade and hold, they are not recognised as
👌NFRA recommends revising audit standards in line with global norms | Finance News – Business Standard
The National Financial Reporting Authority (NFRA) on Tuesday recommended the revision of Standards on Auditing (SA) 600 to hold the group auditor ultimately responsible for
👌👌👌👌👌Understanding Wills in India: Key Legal Aspects & FAQs
Clipped from: https://taxguru.in/finance/wills-india-key-legal-aspects-faqs.html Summary: Creating a valid Will in India requires specific guidelines, though no particular language is mandated. A valid Will should express the testator’s intent
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