![No Income Tax on Gift made by HUF to its Member: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Gift-Taxscan.jpg "No Income Tax on Gift made by HUF to its Member: ITAT Mumbai [Read Order]")
No Income Tax on Gift made by HUF to its Member: ITAT Mumbai [Read Order]
The division bench of the ITAT, Mumbai in DCIT v. Ateev V Gala, held that the Gift given by an HUF to its member is not taxable in the hands of the...
![Rent directly Paid to Authority on behalf of Lessor under an Oral Agreement is Deductible from Income Tax: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Rent.jpg "Rent directly Paid to Authority on behalf of Lessor under an Oral Agreement is Deductible from Income Tax: ITAT Mumbai [Read Order]")
![Survey Expenses of a Company is Deductible from Income Tax: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Gujarat-High-Court-Tax-Scan-1.jpg "Survey Expenses of a Company is Deductible from Income Tax: Gujarat HC [Read Judgment]")
![Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Foreign-Currency.jpg "Loss / Gain on Foreign Currency Translation are not subject to Income Tax: Allahabad HC [Read Judgment]")
![CBDT issues Form to Opt for Concessional Tax under Patent Regime [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/04/Patent.jpg "CBDT issues Form to Opt for Concessional Tax under Patent Regime [Read Notification]")
![No Income Tax, TDS on VRS for Staff of Sick PSU: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg "No Income Tax, TDS on VRS for Staff of Sick PSU: Madras HC [Read Judgment]")
Demonetisation: Income Tax dept. initiates queries on Suspicious Bank Account deposits during window period
The Income Tax Department started raising queries on suspicious bank account deposits, including the deposits made in co-operative banks,post demonetization. Reportedly, the department could start...
Amount Transferred from PF to NPS is not treated as income of the Current Year, not Taxable, says Finance Ministry
In a Press release issued yesterday, the Ministry of Finance has clarified that, Amount Transferred from Provident Fund to National Pension System is not treated as Income of the Current Year and...
![GE Group Cos have PE in India, Must pay Income Tax: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "GE Group Cos have PE in India, Must pay Income Tax: ITAT Delhi [Read Order]")
Budget 2017: Finance Minister announces Several Anti Graft and Rationalisation measures in the field of Income Tax
Accountants or merchant bankers furnishing incorrect information to face penalty. Income of the Chief Minister’s Relief Fund and the Lieutenant Governor’s Relief Fund to be exempt from tax. ...
