Gift From Non-Resident Indians (NRI): A Important Ruling Under the Income Tax Act

25 Feb, 2023

Gift From Non-Resident Indians (NRI): A Im...

The Assessee claimed that the gifts considered for tax purposes were exempted as they were received from Non-Resident I...

ROC Annual Compliances of LLP: An Important Guide

25 Feb, 2023

ROC Annual Compliances of LLP: An Importan...

LLP Annual Compliances Limited Liability Partnership (LLP) is a business structure that combines the flexibilit...

Foreign Direct Investment (FDI) is allowed in Limited Liability Partnerships (LLPs)

25 Feb, 2023

Foreign Direct Investment (FDI) is allowed...

Foreign Direct Investment (FDI) is allowed in Limited Liability Partnerships (LLPs) in India, subject to certain condit...

23 Feb, 2023

Show Cause Notice Under Section 148A(b), D...

The case revolves around the issuance of a new permanent account number (PAN) card to an assessee by mistake, and the s...

22 Feb, 2023

Once Assessee is a Non-Resident, Income or...

The Mumbai ITAT has allowed an individual Assessee’s appeal and held that a mere mention of the residential status as...

22 Feb, 2023

TDS Not Deductible on Payments By Shoppers...

Shoppers Stop, a well-known retail chain, has won a legal battle against the Revenue authorities. The Mumbai Income...

21 Feb, 2023

Income From Property To Be Taxed in Husban...

For the assessment year 1981-82, the Income Tax Officer (ITO) discovered that the wife of the assessee had entered into...

21 Feb, 2023

Creating a Power of Attorney as an NRI? He...

A power of attorney (POA) is a legal document that allows someone to act on behalf of another person. In the case of an...

21 Feb, 2023

What is Tax Treaty, How It Works, and What...

Tax treaties are agreements between two countries to avoid double taxation of individuals or companies that may have ta...

21 Feb, 2023

No GST Late Fee To Be Charged if GST Retur...

The Calcutta High Court recently passed a judgment in M/s. Modicum Enterprise (OPC) Private Limited v. Deputy Commissio...

20 Feb, 2023

What is Tax Treaty and How Treaty Benefits...

A tax treaty, also known as a double tax treaty or a tax agreement, is a bilateral agreement between two countries that...

20 Feb, 2023

Interest For Delay in Deposit of TDS/TCS a...

When filing income tax, there are several situations that can result in a person being liable to pay interest, such as ...

20 Feb, 2023

How to Revise Income Tax Return (ITR) Onli...

Revised Income Tax Return (ITR) is a way for taxpayers to correct errors or omissions in the original Income Tax Re...

20 Feb, 2023

Reassessment Under Section 148 Based on Ch...

The case at hand involves a housing society registered under the Maharashtra Cooperative Societies Act, which filed its...

19 Feb, 2023

CIT(A) Cannot Decide Appeal Ex-Parte Merel...

In a recent case of Prime ABGB (P) Ltd. v. National Faceless Appeal Centre, New Delhi, the court held that the Commissi...

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