TAX
Revaluation of Capital Asset Made Liable to Capital Gains Tax
The Commissioner of Income Tax V/s M/s Mansukh Dyeing and Printing Mills (Partnership Firm) [Civil Appeal No. 8258 & 8259 of 2022]
December 12, 2022
The Commissioner of Income Tax V/s M/s Mansukh Dyeing and Printing Mills (Partnership Firm) [Civil Appeal No. 8258 & 8259 of 2022]
Presumptive Tax was first introduced in 1994 to estimate taxable income from the supply of labour for civil construction work or from construction businesses.
Key points that an individual/HUF needs to consider while claiming medical expenses in the income tax return.
Faceless Appeal Scheme 2021 introduced In order to fix the hiccups and incorporate the changes requested by taxpayers.
CBDT has issued Circular No 20/2021 providing more clarification on Section 194-O, 194Q & 206C(1H) of teh Income Tax Act.
Read the analysis and implications of the legal contentions discussed in the notable judgment of Leena Power Tech Engineers Pvt Ltd.
The 45th GST Council revised GST rates, issued clarifications, extended timelines for concessional rates as well as extended exemption.
The CBDT vide Circular No. 17/ 2021 dated 9 September 2021, has extended the due dates w.r.t filing of return of income and various audit reports. The same have been summarized here.
The legality of section 194N of the Income Tax Act was challenged in the case of Amalgamated Plantations Pvt. Ltd. & Anr.
This article provides a summary of the Circular addressing the issue of residential status in light of travel restrictions due to COVID.