Income Tax Act
![Delay of 9 Days in filing of Appeal can be Condoned since CA was Busy with Income Tax and GST Compliance: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/filing-of-Appeal-CA-Appeal-Income-Tax-GST-Compliance-ITAT-taxscan.jpg "Delay of 9 Days in filing of Appeal can be Condoned since CA was Busy with Income Tax and GST Compliance: ITAT [Read Order]")
Delay of 9 Days in filing of Appeal can be Condoned since CA was Busy with Income Tax and GST Compliance: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that a delay of 7 days in filing of appeal...
![Interest on Late Payment of Direct Taxes Not Deductible under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-Interest-on-Late-Payment-of-Direct-Taxes-Direct-Taxes-Late-Payment-Late-Payment-of-Direct-Taxes-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Interest on Late Payment of Direct Taxes Not Deductible under Income Tax Act: ITAT [Read Order]")
![“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Loan-Cash-Exceeding-Penalty-Income-Tax-Act-Income-Tax-Tax-ITAT-Taxscan.jpg "“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]")
![Security Charges Not subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Security-Charges-TDS-Income-Tax-Act-ITAT-TAXSCAN-1.jpg "Security Charges Not subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]")
![Statutory Provisions of S. 244A of Income Tax Act cannot be Altered by CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Statutory-Provisions-Income-Tax-Act-CBDT-Circular-CBDT-ITAT-Income-Tax-taxscan-.jpg "Statutory Provisions of S. 244A of Income Tax Act cannot be Altered by CBDT Circular: ITAT [Read Order]")
TDS at lower or nil rates extended to Business Trust u/s 194LBA of Income Tax Act: Posits Budget 2023 [Read Finance Bill]
Budget 2023 proposed to allow a taxpayer to obtain a certificate of Tax Deduction Source (TDS) to lower or ‘nil rate’ on sums on which tax is required to be deducted under section 194LBA of the...
![Budget 2023: Major amendments in Co-Operative Sector Taxation [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/BUDGET2-1.jpg "Budget 2023: Major amendments in Co-Operative Sector Taxation [Read Finance Bill]")
Finance Bill 2023 proposes to Change Provisions relating to Search u/s 132 of Income Tax Act [Read Finance Bill]
In the Union Budget 2023-24 through Finance Bill 2023, among other tax measures, the Finance Minister recommended significant though few changes relating to Income Tax Search and Seizure...
Budget 2023 proposes to waive penalty u/s 269SS of IT Act on Agricultural Credit & Deposit Transactions up to Rs. 2 Lakh [Read Finance Bill]
In the Budget 2023, the Finance Minister suggested a new cash transaction cap for agricultural loans and deposits under section 269SS of the Income Tax Act, 1961. The fine was exempt up to 2 lakh...
Minimum time period for Production of documents u/s 92D of Income Tax Act : Budget 2023 proposes to reduce to 10 days [Read Finance Bill]
The Finance Minister Nirmala Sitharaman while presenting the Direct taxes under Budget 2023 proposed the maximum time period for the production of documents of international transaction by the...
Budget 2023 Mandates Valuation of Inventory by Cost Accountant for Proceedings relating to Section 68 of Income Tax Act [Read Finance Bill]
The Union Budget 2023 has inserted a new provision mandating valuation of inventory by a Cost Accountant for the proceedings relating to section 68 of the Income Tax Act, 1961. Clause 68 of the...
