Social media posts
Some social media posts these days mention that starting AY 2023-24 , the income tax department will conduct the strictest…
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Today's
Revenue has no authority to change stands ......Read More
Yesterday's Duty of taxpayer ......Read More
Yesterday's Duty of taxpayer ......Read More
Duties of the officers of the department
An omission to make a claim for deduction can be made good by way of revised return else this could…
......Read MoreTax audit celings in mixed bag of receipts from business and profession
The Court in [2022] 20 ITR-OL 488 (Bom) held that the celing of 1 cr and 50 lacs for business and…
......Read MoreCardinals of tax filing
Those who invests in assets such as immovable property, shares, loans, deposits in bank in the name of children and…
......Read MoreOpportune time to take advantage of new window to update taxes
With the beginning of new financial year starting April 1, 2022 a new return window is now made open to…
......Read MoreTax authorities are expected to be open minded in their approach in condoning delays – Delhi Tribunal Decision score over High Court view
The tax report at [2021] 433 ITR 177 (Kar) involved bunch of cases of cooperative societies who defaulted in filing…
......Read MorePAN is immortal
On the technical question whether a legal heir /representative (LR) of a deceased taxpayer is obliged to report immediately death…
......Read MorePower to condone a delay
The Madras High Court in 233ITR745 held that the Board has powers to condonation of delays in every case of…
......Read MoreCurable Defect
In a case before Kerala High Court in CIT v. Masoneilan (India) Ltd. (107TAX559) the return was not signed…
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In a case before Kerala High Court in CIT v. Masoneilan (India) Ltd. (107TAX559) the return was not signed by…
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