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Addition based on incriminating material found in search at premises of third parties- Assessment order passed u/s 143(3) set aside

By Taxwink Team | 18 Jan,2024

Addition based on incriminating material found in search at premises of third parties- Assessment order passed....

No TCS on sale of empty liquor bottles- Opening and uncorking liquor bottles doesn’t amount to generation of scrap: Madras HC

By Taxwink Team | 16 Jan,2024

No TCS on sale of empty liquor bottles- Opening and uncorking liquor bottles doesn’t amount to generatio....

Deduction under section 54 allowed for property purchased in the name of spouse- ITAT Delhi

By Taxwink Team | 15 Jan,2024

Deduction under section 54 allowed for property purchased in the name of spouse- ITAT Delhi  ....

Penalty for non-filing of Tax Audit Report- Section 271B

By Taxwink Team | 15 Jan,2024

Penalty for non-filing of Tax Audit Report- Section 271B   As per the provisions of Income Tax Act,....

LEI registration made compulsory for Income Tax Refunds over Rs. 50 Crores

By Taxwink Team | 12 Jan,2024

LEI registration made compulsory for Income Tax Refunds over Rs. 50 Crores   The Income Tax Departm....

Income Tax Exemption to 'Karmayogi Bharat' under section 10(46) of the Act- CBDT notifies

By Taxwink Team | 08 Jan,2024

Income tax exemption to ‘Karmayogi Bharat’ u/s 10(46) of the Act- CBDT notifies   The C....

‘Discard ITR’ Option on the Income Tax Portal

By Taxwink Team | 01 Jan,2024

‘Discard ITR’ Option on the Income Tax Portal     The CBDT has taken an unp....

Anonymous Donations under Income Tax

By Taxwink Team | 26 Dec,2023

Anonymous Donations under Income Tax       The Finance Act, 2006 with effect fr....

Depreciation claim in case of Charitable Trusts or Institutions

By Taxwink Team | 06 Dec,2023

Depreciation claim in case of Charitable Trusts or Institutions   Section 32 of the Income Tax....

Taxation of Electronic Gold Receipts: Finance Act 2023

By Taxwink Team | 04 May,2023

Taxation of Electronic Gold Receipts: Finance Act 2023     Introduction: Gold is con....

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