Income Tax; Income from gift to wife is clubbed in husband’s income
Clipped from: https://www.financialexpress.com/money/your-queries-income-tax-income-from-gift-to-wife-is-clubbed-in-husbands-income/3095440/ Income tax return needs to be filed if the gross total income exceeds the basic exemption limit, which is Rs 5 lakh for
E-filing of income tax return form 2 for FY2022-23 (AY 2023-24) available via offline method
lipped from: https://economictimes.indiatimes.com/wealth/tax/e-filing-of-income-tax-return-form-2-for-fy2022-23-ay-2023-24-available-via-offline-method/articleshow/100252769.cms Synopsis If you want to file your ITR now, you must first download the tool from the income tax e-filing website. After filling
Tax relief on builder-paid rent in redevelopment projects
Read more at:https://economictimes.indiatimes.com/wealth/tax/tax-relief-on-builder-paid-rent-in-redevelopment-projects/articleshow/99811533.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-relief-on-builder-paid-rent-in-redevelopment-projects/articleshow/99811533.cms Synopsis The Income-Tax Appellate Tribunal’s (ITAT) Mumbai bench recently held that the rental compensation received from a builder due to
Ex-Chief Economic Advisor Krishnamurthy Subramanian tweets why decision to withdraw Rs 2,000 currency notes is important
Read more at:https://economictimes.indiatimes.com/news/india/ex-chief-economic-advisor-krishnamurthy-subramanian-tweets-why-decision-to-withdraw-rs-2000-currency-notes-is-important/articleshow/100382044.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Clipped from: https://economictimes.indiatimes.com/news/india/ex-chief-economic-advisor-krishnamurthy-subramanian-tweets-why-decision-to-withdraw-rs-2000-currency-notes-is-important/articleshow/100382044.cms Synopsis In a long tweet posted on Saturday, Krishnamurthy Subramanian said, “As we have seen in several raids, where mountains
Section 80P deduction eligible to Co-op credit Society on interest from nationalised bank on deposit made to comply statutory requirement
Read more at: https://taxguru.in/income-tax/section-80p-deduction-eligible-co-op-credit-society-interest-nationalised-bank-deposit-comply-statutory-requirement.htmlCopyright © Taxguru.in Clipped from: https://taxguru.in/income-tax/section-80p-deduction-eligible-co-op-credit-society-interest-nationalised-bank-deposit-comply-statutory-requirement.html Rifle Factory Cooperative Society Limited Vs ACIT (ITAT Kolkata) From perusal of Sections 80, 81 & 82 of
👍👍👍👍👍No penalty if no intention to evade service tax & for tax paid before issue of notice
Read more at: https://taxguru.in/service-tax/penalty-intention-evade-service-tax-tax-paid-issue-notice.htmlCopyright © Taxguru.in Clipped from: https://taxguru.in/service-tax/penalty-intention-evade-service-tax-tax-paid-issue-notice.html Assam Company India Limited Vs Commissioner of Service Tax (CESTAT Kolkata) Revenue has not brought any evidence to
GST interest not payable on credit component (ITC)
Read more at: https://taxguru.in/goods-and-service-tax/gst-interest-payable-credit-component-itc.htmlCopyright © Taxguru.in Clipped from: https://taxguru.in/goods-and-service-tax/gst-interest-payable-credit-component-itc.html Voltech O And M Services Private Ltd. Vs Superintendent of GST And Central Excise (Madras High Court) The
Rs 2000 note withdrawn: What happens if you fail to deposit, exchange it by September 30, 2023?
Read more at:https://economictimes.indiatimes.com/wealth/save/rs-2000-note-withdrawn-what-happens-if-you-fail-to-deposit-exchange-it-by-september-30-2023/articleshow/100372522.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Clipped from: https://economictimes.indiatimes.com/wealth/save/rs-2000-note-withdrawn-what-happens-if-you-fail-to-deposit-exchange-it-by-september-30-2023/articleshow/100372522.cms Preeti Motiani Editor, The Economic Times Synopsis The Reserve Bank of India (RBI) has decided to withdraw Rs 2000 bank