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Taxscan Editorial
CBDT issues FAQs on New Capital Gains Tax regime proposed in Budget 2024-25
The Central Board of Direct Taxes ( CBDT ) has issued Frequently Asked Questions ( FAQs ) on New Capital Gains Tax regime proposed in Union Budget...
![Replacement of broken and damaged gear box of furnace klin is current repairs u/s 31(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Replacement-broken-and-damaged-gear-box-furnace-klin-ITAT-taxscan.jpeg "Replacement of broken and damaged gear box of furnace klin is current repairs u/s 31(1): ITAT [Read Order]")
Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai bench consisting of V Durga Rao, Judicial Member and Manoj Kumar Aggarwal, Accountant Member held that expenditure incurred exclusively for business to...
![Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Expenditure-business-assessee-income-ITAT-taxscan.jpg "Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]")
Actual profit in Indian Currency declared after determining the Foreign Profit by calculating all Transactions in Foreign Currency is valid method: ITAT deletes the Addition
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) ruled that actual profit in Indian currency was declared after determining the foreign profit by calculating all transactions in foreign...
