CBDT Extends Due Date for furnishing Return of Income for Assessment Year 2024-25.
CBDT Extends Due Date for furnishing Return of Income for Assessment Year 2024-25. The due date for the assessees referred to in clause (aa) of...
Tax evasion of undisclosed immovable properties in Dubai just in Delhi is over ₹700 crore: Income Tax Official
Income Tax probe finds 500 ‘actionable’ cases of undisclosed Dubai assets held by Indians According to a report in the ET, the income-tax department has...
Bombay HC in ALJ RESIDENCY CO-OPERATIVE HOUSING SOCIETY: Absence Of Occupation Certificate Doesn’t Bar Flat Buyers From Deemed Conveyance
The Bombay High Court in ALJ Residency Co-operative Housing Society Ltd vs The State of Maharashtra WRIT PETITION NO. 406 OF 2018 has ruled that...
The provision of Section 16(4) of the CGST Act which restricts the claim of ITC only on the ground that a return is filed after the date prescribed is arbitrary
In ANAND STEEL (TRADE NAME )(PRO. SHRI JAGDISH KUMAR MANSUKHANI) RATLAM MADHYA PRADESH Versus UNION OF INDIA AND OTHERS WRIT PETITION No. 2164 of 2024...
CBDT’s PAN 2.0 Project to streamline and modernise process of issuing and managing PAN and TAN, making it simpler, more user-friendly and efficient
The Cabinet Committee of Economic Affairs (CCEA) has given approval for the PAN 2.0 Project, a transformative e-Governance initiative by the Income Tax Department. Key...
Prosecution of Company’s directors over non-payment of TDS
In the case of Brajesh Construction Pvt Ltd, a sessions court has upheld the conviction of two directors of a construction company for not depositing...
Income Tax Department has specified new time limit to apply for old income tax refunds
The recent CBDT circular has the new five-year limitation for condonation requests. However, this new time limit will apply to condonation requests made on or...
CBDT launches Compliance-Cum-Awareness Campaign for AY 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from foreign sources in ITR
The CBDT has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from...
Income tax department probing evasion of capital gains tax on joint development agreements
The Et reported that all landowners who had cut ‘joint development’ deals with builders are under the lens for skirting tax on capital gains. The...