Summary that can disallow your Income tax deduction with Sections-
Section 40A(3): Cash expenses exceeding Rs. 10,000 to a single person in a day, or Rs. 35,000 for…
Category: Taxation and Statutary Compaliances News
DPPIT Recognized Start-Ups Not to Face Verification On Account Of Angel Taxation: CBDT
The Central Board of Direct Taxes (CBDT) has notified that the Department for Promotion of Industry and Internal…
Reassessment proceedings against struck off companies are invalid unless the company is revived U/S 252 of the Companies Act:
Pandian Anbalagan Vs ITO (Madras High Court); W.P.No.11841 of 2022 Facts: The petitioner was a Director of a…
Non residents not required to have PAN, can electronically file Form 10F without the need for a PAN number
The Central Board of Direct Taxes (CBDT), vide notification dated 16th July 2022, had mandated electronic filing of…
TCS PROVIDION EXPLAINED
TCS @ 20% from 01-10-2023 on foreign remittances: Important features Exemption threshold limit of 7 lacs per financial…
New TCS from 1st October 2023 for various foreign remittances:
Educational Purposes: When it comes to foreign remittances for educational purposes, there is no Tax Collection at Source…
CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
The Finance Act, 2023, brought in an amendment to bring the consideration received from non-residents for issue of…
Sec 44ADA is not applicable where income is not earned on account of professional consultancy
Shri Vishnu Dattatraya Ponkshe v. CPC Bengaluru (ITA No. 1570/Mum/2023) Facts: The taxpayer, Vishnu Dattatraya Ponkshe, reported their…
Introduction of Electronic Credit Reversal and Re-claimed statement- Latest CBIC Advisory dated 31.08.2023
CBIC vide Notification No. 14/2022 Central Tax dated 05.07.2022 has provided for certain changes in FORM GSTR-3B so…
Real Estate and Allied Sectors Networking Meeting Every 2Nd and 4Th Monday of Every Month at 6 P.M
Real Estate and Allied Sectors Networking Meeting Every 2Nd and 4Th Monday of Every Month at 6 P.M
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