https://taxguru.in/income-tax/complete-analysis-section-43b-h-income-tax-act-w-r-t-msme-payment.html Clipped from: https://taxguru.in/income-tax/complete-analysis-section-43b-h-income-tax-act-w-r-t-msme-payment.html Introduction: Explore the nuances of Section 43B(h) of the Income Tax Act, which delineates the tax implications of payments to Micro and Small
Category: Income Tax
All about Section 43B(h) of income tax act 1961 with illustrations
https://taxguru.in/income-tax/section-43b-h-income-tax-act-1961-illustrations.html Clipped from: https://taxguru.in/income-tax/section-43b-h-income-tax-act-1961-illustrations.html Section 43B(h) of the Income Tax Act, 1961 is a new provision that was introduced by the Finance Act 2023 to ensure timely payments
👌Denial of deduction claimed u/s 80P(2)(d) of IT Act regard to interest received from Co-Operative Banks /Scheduled Banks : ITAT Directs Readjudication
Clipped from: https://www.taxscan.in/denial-of-deduction-claimed-u-s-80p2d-of-it-act-regard-to-interest-received-from-co-operative-banks-scheduled-banks-itat-directs-re-adjudication-read-order/373205/ By Aparna. M – On February 9, 2024 4:02 pm – 2 mins read The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) directed re adjudication upon
Income Tax vis a vis AIS — Mismatches
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I-T dept will erase petty tax demands on its own, says CBDT chairman
https://www.business-standard.com/budget/news/i-t-dept-will-erase-petty-tax-demands-on-its-own-says-cbdt-chairman-124020201129_1.html Clipped from: https://www.business-standard.com/budget/news/i-t-dept-will-erase-petty-tax-demands-on-its-own-says-cbdt-chairman-124020201129_1.html He said only the base figure of the demand (Rs 25,000 and Rs 10,000) will be the “deciding factor” for such cases
Trim your tax bill by doing this: Gift money, pay rent to your parents
https://www.business-standard.com/finance/personal-finance/trim-your-tax-bill-gift-money-pay-rent-to-parents-for-tax-benefits-124012900782_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/trim-your-tax-bill-gift-money-pay-rent-to-parents-for-tax-benefits-124012900782_1.html An effective tax-saving strategy involves transferring funds to your parents, especially if they are in a non-taxable or lower tax bracket Representational
How to make tax return scrutiny less stressful
https://www.business-standard.com/opinion/columns/how-to-make-tax-return-scrutiny-less-stressful-124012800623_1.html Clipped from: https://www.business-standard.com/opinion/columns/how-to-make-tax-return-scrutiny-less-stressful-124012800623_1.html Tax officials must be required to go through responses submitted by the taxpayer quickly and ask follow-up questions within a fixed time
Donate for a good cause, get tax benefit: Here is how to do that
https://www.business-standard.com/finance/personal-finance/donate-for-a-good-cause-get-tax-benefit-here-is-how-to-do-that-124012500644_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/donate-for-a-good-cause-get-tax-benefit-here-is-how-to-do-that-124012500644_1.html Percentage of donated amount eligible for deduction may vary Donations to some specified organisations are eligible for a 100 per cent or
Tax Query: Verifying self-tax remittances – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-verifying-self-tax-remittances/article67775198.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-verifying-self-tax-remittances/article67775198.ece From FY2022-23, payment made towards Advance tax and Self- Assessment Tax is reflected in Annual Information Statement instead of Form 26AS I
Ease of business vs tax pressure
https://www.business-standard.com/opinion/columns/ease-of-business-vs-tax-pressure-124011400585_1.html Clipped from: https://www.business-standard.com/opinion/columns/ease-of-business-vs-tax-pressure-124011400585_1.html Obviously, tax officials believe that all these tightly regulated companies, including government ones, have short-changed the government Last Tuesday, the shares of
दोन घरांतील गुंतवणूक ग्राह्य | Answers to questions related to tax exemption, study abroad
https://www.loksatta.com/business/personal-finance/answers-to-questions-related-to-tax-exemption-study-abroad-print-eco-news-ssb-93-4169252/ Clipped from: https://www.loksatta.com/business/personal-finance/answers-to-questions-related-to-tax-exemption-study-abroad-print-eco-news-ssb-93-4169252/ अजून १० दिवसांनी म्हणजेच १ फेब्रुवारी, २०२४ रोजी लोकसभेत अर्थसंकल्प सादर केला जाईल. निवडणुकीच्या पार्श्वभूमीवर हा अंतरिम अर्थसंकल्प असेल आणि त्यानंतर निवडून
Demystifying Section 43B: MSME Payment Deductions & Union Budget 2023
https://taxguru.in/income-tax/demystifying-section-43b-msme-payment-deductions-union-budget-2023.html Clipped from: https://taxguru.in/income-tax/demystifying-section-43b-msme-payment-deductions-union-budget-2023.html Latest Important Amendment in Section 43B of Income Tax Act related to MSME (Small and Micro) vide insertion of Clause (h) to
Section 43B Amendment: MSME Dues Disallowance Post Budget, 2023
https://taxguru.in/chartered-accountant/section-43b-amendment-msme-dues-disallowance-post-budget-2023.html Clipped from: https://taxguru.in/chartered-accountant/section-43b-amendment-msme-dues-disallowance-post-budget-2023.html Amendment in Section 43B of Income Tax Act, 1961 (Certain expenses to be allowed on payment basis) by insertion of new clause
MSME Payments under Section 43B(h): Deductions on Actual Payment
Read more at: https://taxguru.in/income-tax/msme-payments-section-43bh-deductions-actual-payment.htmlCopyright © Taxguru.in https://taxguru.in/income-tax/msme-payments-section-43bh-deductions-actual-payment.html Clipped from: https://taxguru.in/income-tax/msme-payments-section-43bh-deductions-actual-payment.html Payment to MSME in Section 43B(h) Income Tax Certain deductions to be only on actual payment Introduction: The
Tax Query: Taxation Aspects on Gifts Received – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-taxation-aspects-on-gifts-received/article67753082.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-taxation-aspects-on-gifts-received/article67753082.ece Gifts received by an individual are exempt from taxation provided they are given either by relatives or on the occasion of marriage
Claim your tax deduction on health checkup and specific treatments
https://www.business-standard.com/finance/personal-finance/claim-your-tax-deduction-on-health-checkup-and-specific-treatments-124011900779_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/claim-your-tax-deduction-on-health-checkup-and-specific-treatments-124011900779_1.html Maximise savings by tapping into lesser-known deductions besides the one on health insurance premium The significance of an annual health checkup is
Reassessment must be based on new and substantive grounds: Delhi HC
Read more at: https://taxguru.in/income-tax/reassessment-based-new-substantive-grounds-delhi-hc.htmlCopyright © Taxguru.in https://taxguru.in/income-tax/reassessment-based-new-substantive-grounds-delhi-hc.html Clipped from: https://taxguru.in/income-tax/reassessment-based-new-substantive-grounds-delhi-hc.html Kuehne+Nagel Pvt. Ltd. Vs ACIT (Delhi High Court) Introduction: In a recent legal development, the Delhi High Court
Form 12BB: Things to know about investment declaration tool for tax saving
https://www.business-standard.com/finance/personal-finance/form-12bb-things-to-know-about-investment-declaration-tool-for-tax-saving-124011900612_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/form-12bb-things-to-know-about-investment-declaration-tool-for-tax-saving-124011900612_1.html Form 12BB, a key investment declaration document, can be used by the employees who fall under the taxable income bracket to claim
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