Income Tax Act

TDS on Purchase of Goods - Resident Seller - CBDT - Taxscan

Buyer to deduct TDS on Purchase of Goods from Resident Seller: CBDT issues Guidelines [Read Circular]

June 30, 2021

ITAT - Section 80P Deduction - Advocates Mutually Aided Co-op Societies despite Loans - Non-Agriculture Members - Taxscan

ITAT allows Section 80P Deduction to Advocates Mutually Aided Co-op Societies despite Loans to Non-Agriculture Members [Read Order]

June 28, 2021

Section 80IA Deduction- single Industrial Unit- Madras High Court - taxscan

Section 80IA Deduction to be allowed to single Industrial Unit, all Units can’t be taken together: Madras HC [Read Judgment]

June 23, 2021

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10% Income Tax on Royalty/FTS as per India-Singapore DTAA: ITAT [Read Order]

October 23, 2021

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that royalty/fee for technical services (FTS) taxable at the rate of 10% as per the Double Taxation Avoidance Agreement (DTAA) between India and Singapore. The Tribunal bench comprising Vice President R S Syal and Judicial Member Partha Sarthi Chaudhary was considering the issue of taxability […]

ICMAI releases Guidelines for Course Fee Waiver Scheme

October 23, 2021

The Institute of Cost Accountants of India (ICMAI) has released the guidelines for the Course Fee Waiver Scheme. The Council of the Institute has granted a Course Fee Waiver Scheme in the form of scholarship to the aspiring CMA student at Intermediate/ Final level who unfortunately lost his/her father or mother or guardian due to […]

Registration u/s 12 can’t be denied to ICRW merely it is for benefit of a Restricted Group of Employees: ITAT asks IT Dept to Re-consider Claim [Read Order]

October 22, 2021

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the registration under section 12 of the Income Tax Act, 1961 cannot be denied to International Centre for Research on Women Ltd. (‘ICRW’) merely because it is for the benefit of a restricted group of employees. ICRW is a non-profit organization with […]

Limitation Period - Appeal - IBC - Date Of Pronouncement - Supreme Court - Taxscan

Limitation Period For Appeal Under IBC begins from Date Of Pronouncement, delay in Uploading won’t Exclude Limitation: Supreme Court [Read Judgment]

October 22, 2021

The Supreme Court held that the limitation period For Appeal Under Insolvency and Bankruptcy Code (IBC) begins from Date of Pronouncement, delay in Uploading would not exclude limitation. The petitioner, V Nagarajan raised the question that when will the clock for calculating the limitation period run for proceedings under the Insolvency and Bankruptcy Code (IBC). […]

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10% Income Tax on Royalty/FTS as per India-Singapore DTAA: ITAT [Read Order]

October 23, 2021

ICMAI releases Guidelines for Course Fee Waiver Scheme

October 23, 2021

Registration u/s 12 can’t be denied to ICRW merely it is for benefit of a Restricted Group of Employees: ITAT asks IT Dept to Re-consider Claim [Read Order]

October 22, 2021

Limitation Period For Appeal Under IBC begins from Date Of Pronouncement, delay in Uploading won’t Exclude Limitation: Supreme Court [Read Judgment]

October 22, 2021

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