Clipped from: https://www.financialexpress.com/money/what-are-the-tax-implications-of-investments-in-global-securities-find-out/2500598/ The dividend income earned by an individual gets added to overall income, and the investor receives foreign credit to the extent of tax
Category: Income Tax
Now ITR filing mandatory if your TDS, TCS is Rs 25,000 or more in a financial year
Clipped from: https://economictimes.indiatimes.com/wealth/tax/now-itr-filing-mandatory-if-your-tds-tcs-is-rs-25000-or-more-in-a-financial-year/articleshow/90999405.cms Synopsis The 7th proviso to Section 139 was inserted by the Finance Act, 2019, which provided for certain criteria which mandated the filing
*CBDT adds four new criteria for filing ITR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-economy/cbdt-adds-four-new-criteria-for-filing-itr/article65344836.ece New norms have been defined at a time when there is much debate about the low number of tax payers in the country
*Govt seeks to grow tax base, makes filing must for TDS/TCS above Rs 25,000 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-seeks-to-grow-tax-base-makes-filing-must-for-tds-tcs-above-rs-25-000-122042201270_1.html In the case of senior citizens, the aggregate of Rs 50,000 apply; rule came into force on April 21 Tax experts say this
*Tax Talk: Four key income tax changes from FY22-23 | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/tax-talk-four-key-income-tax-changes-from-fy22-23/2499628/ Taxpayers can now file an updated ITR within two years of the assessment year by paying additional tax Currently, we are in the
Suppression in Net Sales assessable as “Business Income”, can’t be treated as Deemed Income u/s 68: ITAT
Clipped from: https://www.taxscan.in/suppression-in-net-sales-assessable-as-business-income-cant-be-treated-as-deemed-income-u-s-68-itat/169020/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Business%20Income Top Stories By Rasheela Basheer – On April 19, 2022 8:10 am The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income surrendered
*Tax optimiser: NPS, perks can cut Sinha’s tax by Rs 83,000 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-optimiser-nps-perks-can-cut-sinhas-tax-by-rs-83000/articleshow/90894487.cms Synopsis Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments. Pune-based professional Abinash Sinha
*Can you buy a house in hometown on loan and claim tax deductions? | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/work-from-home-can-you-buy-a-house-in-hometown-on-loan-and-claim-tax-deductions/2496830/ Taking advantage of work from home, many employees – especially those staying on rent in metro cities – may have shifted to their
*Income Tax: You can disclose capital gains from mutual funds and shares in ITR-4 | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-you-can-disclose-capital-gains-from-mutual-funds-and-shares-in-itr-4/2496942/ ITR-4 can be filed by individuals with income up to Rs 50 lakh from business or profession and have opted for presumptive taxation
*Seniors need to submit Forms 12BBA, 15G, 15H to save on TDS: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/seniors-need-to-submit-forms-12bba-15g-15h-to-save-on-tds-experts-122041901327_1.html As we enter FY23, remember April is a good time to look into your tax planning for the year ahead As we enter
*New tax regime: Big unexplained expenditure may lead to I-T review | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-tax-regime-big-unexplained-expenditure-may-lead-to-i-t-review-122041800009_1.html Assessees seek clarity from tax consultants on the new regime, fearing reopening notices Now, the department can go back to scrutinising the finances
*Income Tax Return: Know the major changes in ITR Forms before you start filing return for AY 2022-23 | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-know-the-major-changes-in-itr-forms-before-you-start-filing-return-for-ay-2022-23/2493846/ The process of Income Tax Return (ITR) filing for the Assessment Year (AY) 2022-23 has been initiated with timely notification of ITR Forms
*Income Tax Return: Know the major changes in ITR Forms before you start filing return for AY 2022-23 | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-know-the-major-changes-in-itr-forms-before-you-start-filing-return-for-ay-2022-23/2493846/ The process of Income Tax Return (ITR) filing for the Assessment Year (AY) 2022-23 has been initiated with timely notification of ITR Forms
*Income Tax Dept issues Guidance on updating UDIN for Audit Reports submitted by CA Users-TAXSCAN
lipped from: https://www.taxscan.in/income-tax-dept-issues-guidance-on-updating-udin-for-audit-reports-submitted-by-ca-users/167913/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=DIN%20for%20Audit%20Reports%20submitted%20by%20CA%20Users The income tax department has issued guidance on updating UDIN for Audit Reports submitted by CA users which have to read in conjunction
*Repeal of S. 144B(9) vide Finance Act, 2022: Supreme Court stays High Court Order declaring Assessment Order Non-Est [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/repeal-of-s-144b9-vide-finance-act-2022-supreme-court-stays-high-court-order-declaring-assessment-order-non-est/168455/ https://www.taxscan.in/repeal-of-s-144b9-vide-finance-act-2022-supreme-court-stays-high-court-order-declaring-assessment-order-non-est/168455/ Clipped from: https://www.taxscan.in/repeal-of-s-144b9-vide-finance-act-2022-supreme-court-stays-high-court-order-declaring-assessment-order-non-est/168455/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Repeal Top Stories By Rasheela Basheer – On April 14, 2022 8:07 pm The Supreme Court, in view of repeal of section 144B(9) of
*****Know how to save tax on long-term capital gains | Deccan Herald
Clipped from: https://www.deccanherald.com/business/know-how-to-save-tax-on-long-term-capital-gains-1095232.html The tax on capital gains arising from the transfer of a long-term capital asset, being land or building or both, can be reduced
*Tax administration finally being cleaned up, being made more efficient | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/tax-administration-finally-being-cleaned-up-being-made-more-efficient-122040700351_1.html GST collections dropped below the Rs 1.2 trillion mark only once in the last six months. These are astounding statistics for a tax
*FinMin notifies e-dispute resolution scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/finmin-notifies-e-dispute-resolution-scheme/article65297682.ece The notifications seek to implement this year’s Budget announcements Assessees with taxable income up to Rs. 50 lakh and disputed income of Rs.
*Assessing Officer Failed to Record the Reason for issue of Notice u/s 148: Chhattisgarh HC quashes Notice
Clipped from: https://www.taxscan.in/assessing-officer-failed-to-record-the-reason-for-issue-of-notice-u-s-148-chhattisgarh-hc-quashes-notice/166616/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Assessing%20Officer Top Stories By Jwala K.P – On April 6, 2022 2:17 pm The High Court of Chhattisgarh has held that Assessing Officer failed to record the
Income Tax Penalty cannot be Imposed Unless Assessee Obliged in Law, Either acted deliberately in Defiance of Law or Guilty of Dishonest Conduct: ITAT
Read More: https://www.taxscan.in/income-tax-penalty-cannot-be-imposed-unless-assessee-obliged-in-law-either-acted-deliberately-in-defiance-of-law-or-guilty-of-dishonest-conduct-itat/166292/ Clipped from: https://www.taxscan.in/income-tax-penalty-cannot-be-imposed-unless-assessee-obliged-in-law-either-acted-deliberately-in-defiance-of-law-or-guilty-of-dishonest-conduct-itat/166292/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Penalty Top Stories By Rasheela Basheer – On April 5, 2022 10:06 am The Income Tax Appellate Tribunal, Delhi bench held that the income tax
aniltikotekar4sme.com 