The Income Tax Return (ITR) cannot be deemed invalid as long as the assessee’s request for condonation of delay in submitting the ITR-V

17 Mar, 2023

The Income Tax Return (ITR) cannot be deem...

In the case of Anagha Vijay Deshmukh v. DCIT, the assessee had filed her income tax return electronically for the relev...

17 Mar, 2023

Capital Gains on Inherited Property: Index...

The Mumbai Income Tax Appellate Tribunal (ITAT) has held that while computing capital gains on the transfer of a capita...

14 Mar, 2023

Once Income Tax is Paid on Execution of A...

The PCIT v. Dipak Govindbhai Dalwadi case (2023) 147 taxmann.com 393 (Guj.) highlights an important issue regarding the...

14 Mar, 2023

Foreign Tax Credit Cannot be Disallowed on...

The Income Tax Act allows residents of India to deduct the income tax paid in the United States from their tax liabilit...

13 Mar, 2023

Employee Cannot Be Called Upon To Pay Inco...

The Delhi High Court recently allowed a writ petition filed by an individual, referred to as the Assessee, and quashed ...

10 Mar, 2023

What is Better for Startup: Startup Organi...

India is a hub for startups, with a growing number of entrepreneurs starting their own businesses in various industries...

10 Mar, 2023

Important Sources of Funding For Startups ...

Starting a new business is an exciting venture, but it can also be financially daunting. Startups require a considerabl...

9 Mar, 2023

Capital or Revenue Receipt: Interest on Fi...

A filed appeal challenges the order passed by the Income Tax Appellate Tribunal on November 29, 2019, for the Assessmen...

Acquisition of Immovable Property by NRI or OCI in India

9 Mar, 2023

Acquisition of Immovable Property by NRI o...

Acquiring or transferring immovable property by Indian residents outside India and non-residents in India is considered...

NRE Account: A Detailed Guide for NRI Maintaining NRE Account

7 Mar, 2023

NRE Account: A Detailed Guide for NRI Main...

The Non-Resident (External) Rupee Account Scheme, or NRE, is governed by Part II para 4 of RBI FED Master Direction No....

Debit Note in GST and Credit Note in GST

7 Mar, 2023

Debit Note in GST and Credit Note in GST

Debit note and credit note are documents used in Goods and Services Tax (GST) to record changes in transactions. A debi...

Tax Invoices: Time of Issue of Invoice Under GST

6 Mar, 2023

Tax Invoices: Time of Issue of Invoice Und...

The time of issue of an invoice is a crucial aspect under the GST regime as it determines the time of supply and th...

Types of Invoices in GST

6 Mar, 2023

Types of Invoices in GST

The GST regime has brought about many changes in the way businesses in India conduct their operations. One of the most ...

FDI in Startup Company: Regulations and Reporting Requirements

3 Mar, 2023

FDI in Startup Company: Regulations and Re...

Foreign Direct Investment (FDI) is an important source of capital for startups in India. The government has introduced ...

Buyer is Liable to Deduct TDS of Non-Resident Indian (NRI) on Sale of Immovable Property: Ignorance of Law is No Excuse

3 Mar, 2023

Buyer is Liable to Deduct TDS of Non-Resid...

The Bangalore ITAT recently dismissed an appeal by Nitesh Estates Ltd., a real estate company, that was subject to Sect...

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