https://www.loksatta.com/business/personal-finance/which-gifts-are-taxable-and-which-are-tax-free-answers-to-these-questions-are-in-this-article-print-eco-news-ssb-93-4079553/ Clipped from: https://www.loksatta.com/business/personal-finance/which-gifts-are-taxable-and-which-are-tax-free-answers-to-these-questions-are-in-this-article-print-eco-news-ssb-93-4079553/ करावे कर समाधान… भेटी : करपात्र आणि करमुक्त कोणत्या भेटी करपात्र आहेत आणि कोणत्या करमुक्त? या प्रश्नांची उत्तरे या लेखात आहेत. करावे
Category: Income Tax
INCOME TAX RETURNS: Know when to discard returns – Money News | The Financial Express
https://www.financialexpress.com/money/income-tax-returns-know-when-to-discard-returns-3334730/ Clipped from: https://www.financialexpress.com/money/income-tax-returns-know-when-to-discard-returns-3334730/ A discarded ITR is considered not filed at all, so be careful. X By Neeraj Agarwala In a surprising move, the income tax department
63% taxpayers stick to Old Tax Regime; Here’s why – Money News | The Financial Express
https://www.financialexpress.com/money/63-taxpayers-stick-to-old-tax-regime-heres-why-3335443/ Clipped from: https://www.financialexpress.com/money/63-taxpayers-stick-to-old-tax-regime-heres-why-3335443/ The survey highlighted PPF and life insurance as the most favoured tax-saving instruments, chosen by 39% and 34% of respondents, respectively. These
ITR filing: Here is how you can use ‘discard return’ feature
https://www.thehindubusinessline.com/portfolio/personal-finance/itr-filing-here-is-how-you-can-use-discard-return-feature/article67613650.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/itr-filing-here-is-how-you-can-use-discard-return-feature/article67613650.ece The initiative seeks to further streamline the ITR filing process The Income-Tax Department, time and again, makes available certain tools and features
Reassessment u/s 153A Requires Incriminating Material: Delhi HC
https://taxguru.in/income-tax/reassessment-u-s-153a-requires-incriminating-material-delhi-hc.html Clipped from: https://taxguru.in/income-tax/reassessment-u-s-153a-requires-incriminating-material-delhi-hc.html ACIT Vs Saluja Construction Co. Ltd (Delhi High Court) Introduction: In a recent case, the Delhi High Court addressed the critical issue of
No Penalty if no inaccurate Reporting and no Concealment by Assessee
https://taxguru.in/income-tax/penalty-inaccurate-reporting-concealment-assessee.html Clipped from: https://taxguru.in/income-tax/penalty-inaccurate-reporting-concealment-assessee.html CIT Vs Standard Chartered Grindlays Pty Ltd (Delhi High Court) Introduction: The recent decision by the Delhi High Court in the case of
Income Tax Reassessment Requires valid service of Section 148 Notice
https://taxguru.in/income-tax/income-tax-reassessment-requires-valid-service-section-148-notice.html Clipped from: https://taxguru.in/income-tax/income-tax-reassessment-requires-valid-service-section-148-notice.html PCIT Vs Madhu Gupta (Delhi High Court) Introduction: A recent judgment by the Delhi High Court in the case of PCIT vs. Madhu
Discard ITR Option: All You Need to Know
Clipped from: https://www.taxscan.in/discard-itr-option-all-you-need-to-know/347309/ By Manu Sharma – On November 28, 2023 10:47 am – 3 mins read The Income Tax Portal now allows users to discard the Income Tax Returns (ITRs) filed
Difference Between TCS and TDS: A Critical Analysis
Clipped from: https://www.taxscan.in/difference-between-tcs-and-tds-a-critical-analysis/349547/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Difference%20Between%20TCS%20and%20TDS:%20A%20Critical%20Analysis INTRODUCTION TDS stands for Tax Deducted at Source. It is the tax amount that the government collects directly from the recipient’s income immediately
Notice for Reopening Assessment in respect of issue of Capital Gain issued in name of Deceased Person: ITAT directs readjudication
Clipped from: https://www.taxscan.in/notice-for-reopening-assessment-in-respect-of-issue-of-capital-gain-issued-in-name-of-deceased-person-itat-directs-re-adjudication/342856/ By Aparna. M – On November 15, 2023 6:00 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while directing the reassessment of the
NRI Property Sale in India: FEMA Guidelines & Procedures
https://taxguru.in/rbi/nri-property-sale-india-fema-guidelines-procedures.html Clipped from: https://taxguru.in/rbi/nri-property-sale-india-fema-guidelines-procedures.html NRI Sale of Property in India: Guidelines and Procedures FEMA, 1999 and FEM (Non-Debt Instrument), 2019 lay down the procedure and guidelines
Delhi HC Quashes Section 148 Notices for AY 2016-17 & 2017-18 on Alleged Escaped Income Under Rs 50 Lakhs
https://taxguru.in/income-tax/delhi-high-court-quashes-148-notices-ay-2016-17-2017-18-alleged-escaped-income-rs-50-lakhs.html Clipped from: https://taxguru.in/income-tax/delhi-high-court-quashes-148-notices-ay-2016-17-2017-18-alleged-escaped-income-rs-50-lakhs.html Ganesh Dass Khanna Vs ITO (Delhi High Court) In a significant ruling on November 10, 2023, the Delhi High Court delivered a
Notice for reopening of assessment issued on last date of limitation period is valid
https://taxguru.in/income-tax/notice-reopening-assessment-issued-date-limitation-period-valid.html Clipped from: https://taxguru.in/income-tax/notice-reopening-assessment-issued-date-limitation-period-valid.html Raminder Singh Vs ACIT (Delhi High Court) Delhi High Court held that notice for reopening of assessment issued u/s. 148 of the
Concerns about Displayed Financial Transactions in AIS? Income Tax Dept Assures Source Authentication
Clipped from: https://www.taxscan.in/concerns-about-displayed-financial-transactions-in-ais-income-tax-dept-assures-source-authentication/343647/ The Income Tax Department, using the platform ‘X,’ formerly recognized as ‘Twitter,’ has provided a guarantee of source authentication/e-verification in response to any
Taxability of Dividend Income – FAQ’s
https://taxguru.in/income-tax/taxability-dividend-income-faqs.html Clipped from: https://taxguru.in/income-tax/taxability-dividend-income-faqs.html Dear friend’s now days, many people has started their investment journey in Stock Market. Some are investing directly in share market and
Reopening of assessment u/s 148 unjustified as all material facts fully disclosed
https://taxguru.in/income-tax/reopening-assessment-u-s-148-unjustified-material-facts-fully-disclosed.html Clipped from: https://taxguru.in/income-tax/reopening-assessment-u-s-148-unjustified-material-facts-fully-disclosed.html S. Uttam Chand Vs ACIT (Madras High Court) Madras High Court held that reopening of assessment u/s 148 of the Income Tax
Reopening on ‘Borrowed Satisfaction’ Instead of ‘Independent Satisfaction’ is Unlawful
https://taxguru.in/income-tax/reopening-based-borrowed-satisfaction-independent-satisfaction-bad-in-law.html Clipped from: https://taxguru.in/income-tax/reopening-based-borrowed-satisfaction-independent-satisfaction-bad-in-law.html Paresh Babubhai Bahalani Vs ITO (Gujarat High Court) Gujarat High Court held that reopening of assessment under section 147 of the Income
10-Year Extended Limitation Period Applies to Escaped Amounts Exceeding 50 Lakhs: Delhi HC quashes Reassessment Notice
Clipped from: https://www.taxscan.in/10-year-extended-limitation-period-applies-to-escaped-amounts-exceeding-50-lakhs-delhi-hc-quashes-reassessment-notice-read-order/345322/ A Division bench of the Delhi High Court, comprising Justice Rajiv Shakdher and Justice Girish Kathpalia, in the course of deciding a writ
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