Assessment Under Section 147, Reply to Notice Issued Under Section 148: A Detailed Guide on Reassessment of Income Tax

15 Feb, 2023

Assessment Under Section 147, Reply to Not...

About Assessment under section 147 The Finance Act of 2021 has brought about significant changes in the asse...

Received Income tax Notice Under Section 143(3)?: Here is a Detailed Guide to Handle Tax Scrutiny

15 Feb, 2023

Received Income tax Notice Under Section 1...

1. About Income tax assessment under section 143(3) Assessment under section 143(3) is a crucial process known a...

Assessment Under Section 143(1) After Filing Income Tax Return

15 Feb, 2023

Assessment Under Section 143(1) After Fili...

About Income tax assessment Understanding the various assessments under the Income Tax Law is essential for ever...

15 Feb, 2023

GST Show Cause Notice: What Happens When a...

The Hon’ble Delhi High Court has recently passed a judgment in the case of Marg Erp Ltd v. Commissioner of Delhi Good...

Rent Paid to Wife Can Be Claimed For HRA Exemption

14 Feb, 2023

Rent Paid to Wife Can Be Claimed For HRA E...

If a wife is a doctor and has resources including returned income and tax-free income to invest in a house, the rent pa...

14 Feb, 2023

Interest on Home Loan Paid By Wife, Receiv...

In a recent judgment by the Income Tax Appellate Tribunal in Ahmedabad, it was found that an assessee who had claimed d...

No Equalisation Levy on Google Adwords Since Person Running, Displaying and Using Advertisement are Outside India

14 Feb, 2023

No Equalisation Levy on Google Adwords Sin...

The ITAT in Jaipur recently dismissed the Revenue's appeal and held that the Assessee, an individual service provid...

ISO Certification Fee is a Revenue Expense not an Capital Expenditure

13 Feb, 2023

ISO Certification Fee is a Revenue Expense...

The Narmada Clean Tech Ltd. is a company engaged in the business of laying pipelines for the treatment of effluent ...

Received Income Tax Notice?: A Detailed Guide on E-Proceeding with FAQs

13 Feb, 2023

Received Income Tax Notice?: A Detailed Gu...

E-Proceeding in the context of income tax refers to the process of conducting income tax assessments and other rela...

13 Feb, 2023

Partner Remuneration is Not added to Turno...

The Petitioner in this case is a person who earns income from various sources such as salary, income from house propert...

Tax on Salary: Once Payment is Salary and TDS deducted in Section 192, It Cannot Tearmed as Fee for Technical Services

12 Feb, 2023

Tax on Salary: Once Payment is Salary and ...

In the recent case of PCIT v. Boeing India (P) Ltd. (2023) 146 taxmann.com 131 (Del.), the issue at hand was whether th...

Internal Audit Controls: All About the Internal Audit Controls

12 Feb, 2023

Internal Audit Controls: All About the Int...

Internal audit controls are an essential part of a company's overall risk management strategy. These are a set of proce...

<em>Salary credited in NRE a/c of NR seafarer is not taxable just because assessee had mistakenly shown it in ITR</em>

11 Feb, 2023

Salary credited in NRE a/c of NR seafa...

The issue of whether the salary of a non-resident seafarer, which was earned for services rendered outside of India, wo...

Bonus Paid to Director of Private Limited Company instead of Dividend is a Tax Avoidance

11 Feb, 2023

Bonus Paid to Director of Private Limited ...

The Delhi High Court has ruled against the Assessee in a case involving the payment of bonuses by a private limited com...

Liaison Office of Swiss company’s subsidiary does not constitute a PE for preparatory or auxiliary activities

11 Feb, 2023

Liaison Office of Swiss company’s subsidia...

The Mumbai ITAT has ruled in favor of the assessee, holding that the liaison office (LO) of a Swiss company's subsidiar...

Chat with us