Category: Income Tax

https://taxguru.in/income-tax/reassessment-order-quashed-mandatory-requirement-notice-u-s-143-2-complied.html Anand Sawroop Vs ITO (ITAT Chandigarh) ITAT Chandigarh held that reassessment order under section 147 of the Income Tax Act cannot be passed without

https://taxguru.in/income-tax/calcutta-hc-stays-section-148-notice-anup-kumar-case.html Anup Kumar Agarwal Vs Union of India & Ors. (Calcutta High Court) In the case of Anup Kumar Agarwal Vs. Union of India & Ors., the

https://taxguru.in/income-tax/rajasthan-hc-quashes-reassessment-order-in-search-case.html Clipped from: https://taxguru.in/income-tax/rajasthan-hc-quashes-reassessment-order-in-search-case.html Shiv Vegpro Private Limited Vs Deputy / Assistant Commissioner Of Income Tax (Rajasthan High Court) In the case of Shiv Vegpro Private Limited

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/are-your-advance-tax-payments-on-course/article68926896.ece With the December 15 deadline fast approaching, a lowdown on advance tax quarterly payments December 15, the deadline for payment of the next

https://taxguru.in/income-tax/exemption-u-s-54-admissible-structure-putting-plywood-sheets-delhi-hc.html Clipped from: https://taxguru.in/income-tax/exemption-u-s-54-admissible-structure-putting-plywood-sheets-delhi-hc.html Sandeep Hooda Vs PCIT (Delhi High Court) Delhi High Court held that putting together a structure of plywood sheets cannot be construed

lipped from: https://www.taxscan.in/itat-remands-case-to-cita-for-reassessment-allowing-assessee-another-opportunity-to-substantiate-rs-51-20-lacs-cash-credit/456231/ ITAT Remands Case to CIT(A) for Reassessment, Allowing Assessee Another Opportunity to Substantiate Rs. 51.20 Lacs Cash Credit [Read Order] The ITAT’s decision

Clipped from: https://taxguru.in/income-tax/reassessment-notice-section-148-served-date-limitation-bad-in-law-itat-kolkata.html Pradip Chandra Roy Vs ITO (ITAT Kolkata) ITAT Kolkata held that reassessment order quashed since notice issued under section 148 of the Income

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

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 Gains’.

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/budget-2024-i-t-dept-clarifies-acquisition-cost-of-real-estate-bought-before-2001-for-ltcg-calculations-439025-2024-07-27 The Union government has reduced LTCG tax on real estate to 12.5 percent, from 20 percent previously in the Union Budget 2024-25. However,

Clipped from: https://www.livemint.com/money/personal-finance/fmv-circle-rates-and-capital-gains-a-guide-for-property-sellers-11725779712355.html It is advisable to obtain a valuation report from a registered valuer so that one can submit the same before the tax authorities,