https://www.business-standard.com/economy/news/1-lakh-notices-for-past-years-will-be-cleared-by-march-2024-fm-sitharaman-123072400955_1.html Clipped from: https://www.business-standard.com/economy/news/1-lakh-notices-for-past-years-will-be-cleared-by-march-2024-fm-sitharaman-123072400955_1.html Notices served in past years for misreporting Finance Minister Nirmala Sitharaman Listen to This Article About 100,000 reassessment notices issued by the
Weakness behind support
https://www.business-standard.com/opinion/editorial/weakness-behind-support-123072300550_1.html Clipped from: https://www.business-standard.com/opinion/editorial/weakness-behind-support-123072300550_1.html Welfare spending is likely to increase Listen to This Article The broad focus of the national discourse over the past few weeks
Intent to not lag China is behind moves to promote INR trade
https://www.business-standard.com/opinion/columns/intent-to-not-lag-china-is-behind-moves-to-promote-inr-trade-123072300592_1.html Clipped from: https://www.business-standard.com/opinion/columns/intent-to-not-lag-china-is-behind-moves-to-promote-inr-trade-123072300592_1.html The linking of ‘card switches’ will facilitate mutual acceptance of domestic cards and processing of card transactions Listen to This Article During
Cautious outlook
https://www.business-standard.com/opinion/editorial/cautious-outlook-123072400952_1.html Clipped from: https://www.business-standard.com/opinion/editorial/cautious-outlook-123072400952_1.html Growth in the IT sector will be slow Listen to This Article The information technology (IT) industry is making a comeback in
👍👍👍👍👍👍👍Taxability of Gift received by an individual or HUF with FAQs
https://taxguru.in/income-tax/taxability-of-gift.html Clipped from: https://taxguru.in/income-tax/taxability-of-gift.html Gifts received by individuals or HUFs can be subject to tax under certain conditions. This comprehensive guide explores the tax implications of
Calcutta HC Sets Aside Section 148A(d) Order – Violation of Natural Justice
https://taxguru.in/income-tax/calcutta-hc-sets-aside-section-148ad-order-violation-natural-justice.html Clipped from: https://taxguru.in/income-tax/calcutta-hc-sets-aside-section-148ad-order-violation-natural-justice.html Sushil Jaiswal Vs Union of India (Calcutta High Court) In the case of Sushil Jaiswal Vs Union of India, the Calcutta High
Matter remanded for fresh re-consideration as cross-examination of key witnesses not allowed
https://taxguru.in/excise-duty/matter-remanded-fresh-re-consideration-cross-examination-key-witnesses-allowed.html Clipped from: https://taxguru.in/excise-duty/matter-remanded-fresh-re-consideration-cross-examination-key-witnesses-allowed.html Tibrewala Industries (P) Limited Vs Commissioner of Central Excise And Service Tax (CESTAT Chandigarh) CESTAT Chandigarh remanded the matter to the Adjudicating
Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition
Clipped from: https://www.taxscan.in/failure-to-explain-credit-card-payments-with-supporting-documentary-evidence-itat-deletes-partial-addition/302781/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Failure%20to%20explain%20Credit%20Card%20Payments%20with%20Supporting%20Documentary%20Evidence:%20ITAT%20Deletes%20partial%20Addition By Aparna. M – On July 23, 2023 11:30 am – 2 mins read The Income Tax Appellate Tribunal (ITAT) Hyderabad Bench held that the assessee failed to explain the credit
Issue of Notice u/s 143(2) of Income Tax Act is mandatory requirement for framing reassessment order, not curable as per S.292BB Act:ITAT
Clipped from: https://www.taxscan.in/issue-of-notice-u-s-1432-of-income-tax-act-is-mandatory-requirement-for-framing-reassessment-order-not-curable-as-per-s-292bb-act-itat/302795/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Issue%20of%20Notice%20u/s%20143(2)%20of%20Income%20Tax%20Act%20is%20mandatory%20requirement%20for%20framing%20reassessment%20order,%20not%20curable%20as%20per%20S.292BB%20Act:ITAT By Aparna. M – On July 23, 2023 12:30 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT) Delhi Bench ruled that issue of notice under Section 143(2) of
Invocation of extended period of limitation in absence of intention to evade duty is unsustainable
https://taxguru.in/excise-duty/invocation-extended-period-limitation-absence-intention-evade-duty-unsustainable.html Clipped from: https://taxguru.in/excise-duty/invocation-extended-period-limitation-absence-intention-evade-duty-unsustainable.html Pawan Kumar Sharma Vs Commissioner (Meghalaya High Court) Meghalaya High Court held that extended period of limitation as per proviso to section
Assessment Order passed in Violation of Natural Justice Principle: ITAT remands Matter to CIT(A)
Clipped from: https://www.taxscan.in/assessment-order-passed-in-violation-of-natural-justice-principle-itat-remands-matter-to-cita/302340/ The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the appeal of an assessee and remanded the matter back to the Commissioner
Insurance Query: Choosing a Suitable Health Cover – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-choosing-a-suitable-health-cover/article67105465.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-choosing-a-suitable-health-cover/article67105465.ece Diabetes/cardiac conditions can deliver an unexpected financial blow if one is not covered I am planning to buy health insurance for my
Read: Your queries: Income Tax; Tax on capital gain is payable as per date of transfer
https://www.financialexpress.com/money/income-tax/your-queries-income-tax-tax-on-capital-gain-is-payable-as-per-date-of-transfer/3182163/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
👍👍👍👍👍Reopening of assessment u/s 148 for mere change of opinion is unsustainable
https://taxguru.in/income-tax/re-opening-assessment-u-s-148-mere-change-opinion-unsustainable.html Clipped from: https://taxguru.in/income-tax/re-opening-assessment-u-s-148-mere-change-opinion-unsustainable.html Mukand Limited Vs Union of India (Bombay High Court) Bombay High Court held re-opening of assessment under section 148 of the Income
CBIC notifies new Exchange Rate of Foreign Currency for Import and Export of Goods we.f. 21st July 2023
Clipped from: https://www.taxscan.in/cbic-notifies-new-exchange-rate-of-foreign-currency-for-import-and-export-of-goods-we-f-21st-july-2023/302324/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBIC%20notifies%20new%20Exchange%20Rate%20of%20Foreign%20Currency%20for%20Import%20and%20Export%20of%20Goods%20we.f.%2021st%20July%202023 The Central Board of Indirect Taxes and Customs (CBIC) vide notification no. Notification No. 54/2023 – Customs (N.T) has notified the exchange rate on 20th
👍👍👍👍👍👍👍Non-Mentioning of These 5 Incomes May Attract Income Tax Notice: Know the Details
Clipped from: https://www.taxscan.in/non-mentioning-of-these-5-incomes-may-attract-income-tax-notice-know-the-details/302024/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Non-Mentioning%20of%20These%205%20Incomes%20May%20Attract%20Income%20Tax%20Notice:%20Know%20the%20Details As the date for submitting Income Tax Returns (ITR) draws near, it is important to ensure that you submit your returns promptly. It is important
India bans white rice exports forthwith to control price – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/agri-business/india-bans-white-rice-exports-with-immediate-effect/article67101659.ece Clipped from: https://www.thehindubusinessline.com/economy/agri-business/india-bans-white-rice-exports-with-immediate-effect/article67101659.ece CBOT rice futures gain over 1%; Govt’s hands forced by 23% rise in FY23 shipments despite curbs The Indian government on Thursday
Infosys slashes FY24 guidance as clients cut spends, defer decisions – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/infosys-q1-profit-up-11-yoy/article67101348.ece Clipped from: https://www.thehindubusinessline.com/info-tech/infosys-q1-profit-up-11-yoy/article67101348.ece Amidst an uncertain demand environment, IT major Infosys has lowered its revenue guidance steeply to 1-3.5 per cent from 4-7, as the company said
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