assessment year

No- Penalty- Income -tax- Act - Imposed - Assessee- Sufficiently - Bonafides - Losses -Claimed-ITAT-TAXSCAN

No Penalty u/s 271(1)(c) of Income Tax Act can be Imposed when Assessee Sufficiently Proved the Bonafides of Losses Claimed: ITAT [Read Order]

September 19, 2023

CBDT- extends- deadlines - filing - Form - Form- ITR-7 - AY 2023-24-TAXSCAN

CBDT extends deadlines for filing of Form 10B/10BB and Form ITR-7 for AY 2023-24 [Read Circular]

September 19, 2023

ITAT - Corrigendum - typographical - tribunal - Deutsche- Asset -Management- Case-TAXSCAN

ITAT issues Corrigendum for typographical errors in tribunal order in Deutsche Asset Management’s Case [Read Order]

September 18, 2023

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Supreme Court upholds Income Tax Exemption - Supreme Court - Income Tax Exemption - Dividend Income to Multi-State Cooperative Society - Dividend Income - Multi-State Cooperative Society - India-Oman DTAA - taxscan

Supreme Court upholds Income Tax Exemption granted on Dividend Income to Multi-State Cooperative Society with PE in Oman as per India-Oman DTAA [Read Order]

September 21, 2023

The Supreme Court has recently ruled that when an Indian entity’s establishment operates in Oman and holds a ‘Permanent Establishment’ status under the Double Taxation Avoidance Agreement (DTAA), any dividend income received by the Indian entity from this establishment will not be subject to taxation under Indian tax laws. In a significant observation, a bench […]

Criminal charges for late self - assessment tax payment to persist despite Vivad Se Vishwas Scheme approval - Supreme Court - TAXSCAN

Criminal charges for late self-Assessment tax payment to persist despite Vivad Se Vishwas Scheme approval: Supreme Court [Read Judgement]

September 21, 2023

“We are not inclined to interfere with the impugned judgment as the criminal prosecution relates to delayed payment of self assessment tax and the application under the Direct Tax Vivad Se Vishwas Act, 20201 relates to the additions made in the assessment order”, the Supreme Court noted, disposing appeals against the assessee by the Revenue. […]

GST - Registration - Other related Services - Minimum Fee Recommended - ICAI - CAs - taxscan

GST Registration and Other related Services: Know Minimum Fee Recommended by ICAI to CAs

September 21, 2023

The Institute of Chartered Accountants of India (ICAI) has proposed a range of charges for Goods and Services (GST) related services, ranging from Rs. 5000 to Rs. 40,000 as minimum amount and which can go up to any level as per the complexity of work. The mentioned fees are recommended and not compulsory which are […]

ED conducts searches at Premises of Auditor - ED - Premises of Auditor -Tamil Nadu Illegal Sand Mining Case - Cash - Gold - taxscan

ED conducts Searches at Premises of Auditor and others in Tamil Nadu Illegal Sand Mining Case, seizes Cash and Gold worth ₹2.9 Crores in total

September 21, 2023

The Directorate of Enforcement (ED) had carried out searches at 34 locations including 8 sand mining yards on 12/09/2023 in 6 districts of Tamil Nadu, residential and business premises of various persons including S. Ramachandran, K. Rathinam, Karikalan and their accomplices. The Auditor P. Shanmugaraj and officials of the Water Resources Department, Govt. of Tamil […]

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Supreme Court upholds Income Tax Exemption granted on Dividend Income to Multi-State Cooperative Society with PE in Oman as per India-Oman DTAA [Read Order]

September 21, 2023

Criminal charges for late self-Assessment tax payment to persist despite Vivad Se Vishwas Scheme approval: Supreme Court [Read Judgement]

September 21, 2023

GST Registration and Other related Services: Know Minimum Fee Recommended by ICAI to CAs

September 21, 2023

ED conducts Searches at Premises of Auditor and others in Tamil Nadu Illegal Sand Mining Case, seizes Cash and Gold worth ₹2.9 Crores in total

September 21, 2023

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