Category: Study
👍👍👍👍👍👍👍Section 80P(2)(d) Deduction eligible to co-op societies on interest from Co-op Banks
Clipped from: https://taxguru.in/income-tax/section-80p2d-deduction-eligible-co-op-societies-interest-co-op-banks.html Manila Sahayak Gruh Udyogsaha Vs ACIT (ITAT Ahmedabad) There is no dispute that Panchmahal District Co-operative Bank Limited and Dahod Urban Co-operative Bank
👍👍👍👍👍👍👍Credit society eligible for section 80P(2)(a)(i) deduction on interest on surplus funds with Union Bank
Clipped from: https://taxguru.in/income-tax/credit-society-eligible-section-80p2ai-deduction-interest-surplus-funds-union-bank.html Ghatkesar Farmers Service Cooperative Society Limited Vs ITO (ITAT Hyderabad) ITAT held that assessee being a primary agricultural co-operative society invested the own
👍👍👍👍👍👍👍Income Tax on Non-Resident Indians who sell House Property in INDIA
Clipped from: https://taxguru.in/income-tax/income-tax-non-resident-indians-sell-house-property-india.html Capital Gains Tax applies if Non-Residents sell any House Property in India. The Tax is payable on gains depending on whether it is
👍👍👍👍👍Demand of extended period not sustainable If no suppression of facts
Clipped from: https://taxguru.in/excise-duty/demand-extended-period-sustainable-suppression-facts.html C.C.E.-Ahmedabad Vs Quippo Energy Pvt Limited (CESTAT Ahmedabad) CESTAT held that since there is no suppression of fact, demand of extended period is
🙏At record 795 tonnes, RBI’s gold reserves see sharp on-year spike
Clipped from: https://www.business-standard.com/finance/news/at-record-795-tonnes-rbi-s-gold-reserves-see-sharp-on-year-spike-123050801126_1.html Photo: Bloomberg Listen to This Article The share of the country’s foreign currency assets deployed in overseas securities rose to 80.76 per cent
🙏Co-living segment set for rapid expansion, predicts report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/real-estate/co-living-segment-set-for-rapid-expansion-predicts-report/article66823306.ece Stakeholders predict the co-living segment will have 450,000 beds by 2024, driven primarily by organised players from the current 210,000 beds. India is
🙏🙏🙏🙏🙏Reverse mortgage: A boon for the elderly – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/reverse-mortgage-a-boon-for-the-elderly/article66827810.ece This instrument provides a valuable income stream for the retired, but more needs to be done to popularise it In India, older citizens
👍👍👍👍👍👍👍Demand of extended period not sustainable If no suppression of facts
Clipped from: https://taxguru.in/excise-duty/demand-extended-period-sustainable-suppression-facts.html C.C.E.-Ahmedabad Vs Quippo Energy Pvt Limited (CESTAT Ahmedabad) CESTAT held that since there is no suppression of fact, demand of extended period is
👍👍👍👍👍👍👍What MSME should do for recovery of their Delayed Payments?
Clipped from: https://taxguru.in/corporate-law/msme-recovery-delayed-payments.html Arjuna (Fictional Character): Krishna, Right now, MSME’s are in a bind, there are lot of suppliers who are not paying MSME’s their dues on
👍👍👍👍👍👍👍आरोग्याचे डोही : सज्जन ‘सुधाकर’.. | Doctor depression Solution of health brain behavior disorder | Loksatta
Clipped from: https://www.loksatta.com/sampadkiya/columns/doctor-depression-solution-of-health-brain-behavior-disorder-ysh-95-3641682/?utm_source=LSRHS&utm_medium=LSRHS&utm_campaign=Latest1 याला व्यसन म्हणायचं की ‘वर्तणूक-विकार’ हे डॉक्टर ठरवतीलच, पण त्याआधी आपल्यातल्या दोषांची स्वत:शीच कबुली देणं जमायला हवं.. याला व्यसन म्हणायचं की ‘वर्तणूक-विकार’ हे
👍👍👍Wake-up call for insurers | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/wake-up-call-for-insurers/3077421/ Sebi’s order on front-running shows why LIC must set up adequate processes to prevent such errant practices The five entities barred were connected
उद्योग-व्यवसायाचे उत्पन्न आणि प्राप्तिकर कायद्यातील तरतुदी | business income and provisions of income tax | Loksatta
Clipped from: https://www.loksatta.com/business/personal-finance/business-income-and-provisions-of-income-tax-print-eco-news-ssb-93-3640250/ ज्या करदात्यांच्या उत्पन्नात ‘उद्योग-व्यवसायाच्या उत्पन्ना’चा समावेश आहे अशांना प्राप्तिकर कायद्यानुसार काही अशा तरतुदींचे अनुपालन करावे लागते जे इतर उत्पन्नासाठी करावे लागत नाही. X
👍👍👍👍👍IBC: Section 9 petition cannot be dismissed merely because some invoices are time barred
Clipped from: https://taxguru.in/corporate-law/ibc-section-9-petition-dismissed-invoices-time-barred.html Next Education India Private Limited Vs K12 Techno Services Private Limited (Supreme Court of India) Feeling aggrieved and dissatisfied with the impugned judgment
👍👍👍👍👍Interest on deposits cannot be treated as business Income for Section 44AD
Clipped from: https://taxguru.in/income-tax/interest-deposits-treated-business-income-section-44ad.html Euro Homes Vs DCIT (ITAT Chennai) In so far as interest on deposits is concerned, the assessee has included interest received from deposits
👍👍👍👍👍Tax on sale of property belonging to father is not leviable on son
Clipped from: https://taxguru.in/income-tax/tax-sale-property-belonging-father-leviable-son.html Gurbinder Singh Mahal Vs ITO (ITAT Amritsar) ITAT Amritsar held that the assessee is not liable for payment of tax related to sale
👍👍👍👍👍Gift of Immovable Property to Sister Not Taxable: ITAT
Clipped from: https://www.taxscan.in/gift-of-immovable-property-to-sister-not-taxable-itat/274028/ The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that a gift of immovable property to sister is neither taxable as capital gain or
👍👍👍👍👍👍👍New GST Rule in effect from May 1st 2023 for Businesses with 100 Crore and above Turnover
Clipped from: https://www.taxscan.in/new-gst-rule-in-effect-from-may-1st-2023-for-businesses-with-100-crore-and-above-turnover/273921/ The Government of India has introduced a new rule for businesses with turnover above 100 crores from May 1st 2023. The Goods and Services
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