Category: Income Tax
करावे करसमाधान:भांडवली नफ्यावरील सवलती – भाग १ | Tax Exemptions on Capital Gains Investment Property Article 54 EC amy 95 | Loksatta
Clipped from: https://www.loksatta.com/business/personal-finance/tax-exemptions-on-capital-gains-investment-property-article-54-ec-amy-95-3343136/ अल्पमुदतीच्या भांडवली नफ्यावरील करबचतीसाठी गुंतवणुकीचे पर्याय नाहीत. दीर्घमुदतीच्या संपत्तीच्या भांडवली नफ्यावरील करबचतीसाठी घर, रोख्यांमध्ये (बॉण्ड) गुंतवणुकीचे पर्याय आहेत. प्रवीण देशपांडे गेल्या लेखात आपण
Income Tax relief for salaried employees: Section 80C to HRA rules change expected from Budget 2023 | The Financial Express*
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-relief-for-salaried-employees-section-80c-to-hra-rules-change-expected-from-budget-2023/2918885/ Salaried employees’ expectations from Budget 2023: Will there be a big bang change in Budget 20223 for salaried class? Here’s what is expected
Tax Query: Will the sale of shares, transferred within family, attract tax? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-will-the-sale-of-shares-transferred-within-family-attract-tax/article66266442.ece Sale of such shares is taxable as Income from Capital Gains My mother-in-law wants to transfer equity shares to my name or my
NRIs without PAN can manually file Form 10F till March 31, 2023, to avoid TDS on payments received – The Economic Times***
Clipped from: https://economictimes.indiatimes.com/wealth/tax/nris-without-pan-can-manually-file-form-10f-till-march-31-2023-to-avoid-tds-on-payments-received/articleshow/96218833.cms Synopsis The Central Board of Direct Taxes (CBDT) has issued a notification on December 12, 2022 offering one-time relied to the non-resident taxpayers
CBDT exempts NR taxpayers from mandatory Form 10F e-filing for now | Business Standard News*
Clipped from: https://www.business-standard.com/article/economy-policy/cbdt-exempts-from-mandatory-10f-form-requires-to-claim-tax-treaty-122121301228_1.html The form 10F is signed physically by the Non resident taxpayers and furnished along with the tax residency certificate to the resident payers
Tax Query: Tax audit applicability – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tax-audit-applicability/article66175655.ece Books of account are required to be maintained where the turnover (total value of sale transactions) exceeds ₹25 lakh or if the net
When unpaid loan can be claimed as business loss – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-when-unpaid-loan-can-be-claimed-as-business-loss/article66238488.ece The Act does not have provisions for an individual to carry forward or set off losses of a partnership firm in his individual
Income Tax Return: Why is ITR verification time limit reduced? Is the reduction going to stay? | The Financial Express**
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-why-is-itr-verification-time-limit-reduced-is-the-reduction-going-to-stay/2911452/ An ITR filed online is not considered valid, unless it is verified within the prescribed limit – which was 120 days from the
File tax return by Dec 31 if you haven’t yet, to avoid notice and penalty | Business Standard News*****
Clipped from: https://www.business-standard.com/article/pf/taxpayers-should-file-belated-return-by-dec-31-to-avoid-notice-penalty-122121200921_1.html Meeting that deadline will allow you to claim refund on excess tax deducted Taxpayers who missed the July 31, 2022 deadline for filing their
How to file ITR online among the biggest searches in 2022! Know how it’s done | The Financial Express*
lipped from: https://www.financialexpress.com/money/income-tax/how-to-file-itr-online-among-the-biggest-searches-in-2022-know-how-its-done/2909450/ ‘How to file ITR online’ was one of the biggest searches in 2022, according to Google’s ‘Year in Search 2022’ report. Know how
TDS on Rentals: Section 194I, Section 194IB and Section 194IC*
Clipped from: https://taxguru.in/income-tax/tds-rentals-section-194i-section-194ib-section-194ic.html Section 194I : Any person excluding Individual and HUF (However if they have 1 Cr. Turnover in case of Business and 50 Lacs in
Tax Talk – TDS on perks: Further clarity needed despite CBDT circular | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/tax-talk-tds-on-perks-further-clarity-needed-despite-cbdt-circular/2906818/ Several practical challenges in applying Section 194R remain With the objective to identify and tax such benefits, the Finance Bill 2022 introduced Section
Capital gains tax: A capital conundrum | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/capital-gains-tax-a-capital-conundrum-122120801548_1.html Defenders of preferential tax treatment argue that capital gains tax is a form of “double taxation” as corporate profits are taxed as ordinary
Rate hike understandable, but growth is a concern –Courtesy BusinessLine
Editorial. Rate hike understandable, but growth is a concern: https://www.thehindubusinessline.com/opinion/editorial/time-to-taper/article66234886.ece
Regulating online gaming | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/regulating-online-gaming/2901635/ Self-regulation is a great initial step, but better to house progressive policies on regulation under a nodal ministry rather than an SRO Growing
LTCG exemption claimed by one co-owner is eligible to another
Clipped from: https://taxguru.in/income-tax/ltcg-exemption-claimed-one-co-owner-eligible-another.html Rasilaben Yogeshbhai Patel Vs I.T.O (ITAT Ahmedabad) ITAT Ahmedabad held that once similar Long Term Capital Gain offered and exemption claimed by the
ITAT quashes Assessment Order passed in Violation of Time Limit u/s 153(1)
Clipped from: https://www.taxscan.in/itat-quashes-assessment-order-passed-in-violation-of-time-limit-u-s-1531/230999/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT%20quashes By Kalyani B Nair – On December 5, 2022 10:43 am A Division Bench of the Income Tax Appellate Tribunal (ITAT), Ahmedabad quashed assessment order passed in violation
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