Compensation awarded for Property acquired for Bullet Train project not taxable: Bombay HC
Compensation or income received by certain land-owners on account of the property acquired by the National Hi-Speed Rail Corporation Ltd…
Category: Income Tax
Last day to pay advance tax instalment for Q1 FY 22-23 is 15th June
‘Advance Tax’ concept – a person is required to pay income tax in respect of such income during the previous…
CBDT released compliance check functionality to facilitate tax deductors / collectors to verify “Specified Person” under Income Tax
The CBDT vide Notification No. 01 of 2022 dated June 09, 2022 has modified Notification No. 01 of 2021 dated June 22, 2021 w.r.t.…
Pratidhwani is an e-book documenting the journey of the Income Tax Department
The Income Tax Department is celebrating Azadi ka Amrit Mahotsav to mark 75 years of India’s Independence by releasing an…
Common MISTAKES – DETERMINATION OF TOTAL INCOME
CA NITIN BHUTA MUMBAI deliberated today – 05.06.2022 at J B Nagar Study Circle on Common mistakes in determination of…
ICAI issued Technical Guide on Financial Statements of Non-Corporate Entities
The Institute of Chartered Accountants of India (“ICAI”) has issued Technical Guide on Financial Statements of Non-Corporate Entities for standardization…
CBDT issued amendment in functionality to ease compliance for tax deductors/collectors
The CBDT vide Circular No. 10 of 2022 dated May 17, 2022 has modified its earlier Circular No. 11/2021 dated…
CBDT notified the transactions and persons to quote PAN in certain transactions for authentication purpose
The CBDT vide Notification No. 53/2022 dated May 10, 2022 has issued the Income-Tax Amendment (Fifteenth Amendment) Rules, 2022 to…
Implementation of the judgment of the Hon’ble Supreme Court dated 04.05.2022 (2022 SCC Online SC 543) (Union of India v. Ashish Agarwal) – Instruction regarding
Hon’ble Supreme Court, vide its judgment dated 04.05.2022 (2022 SCC Online SC 543), in the case of Union of India…