Income Tax
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Income Tax
ITAT Bangalore Rules in Favor of Elegant Embassy III Apartment Owners Association
The ITAT Bangalore ruled in favor of the Elegant Embassy III Apartment Owners Association, granting a fresh appeal review despite a 367-day delay.
Income Tax
Tax Benefits of Converting Physical Gold to Electronic Gold Receipts in India
Explore the tax implications of converting physical gold to Electronic Gold Receipts (EGRs) in India, highlighting key benefits from Budget 2023.
Income Tax
ITAT Ruling: Tax Benefits Granted for Corporate Restructuring in India
The ITAT ruling supports tax benefits for legitimate corporate restructuring, affirming tax neutrality for mergers and amalgamations under the Income Tax Act.
Income Tax
Understanding Section 35DDA: Deductions for Voluntary Retirement Schemes
Learn about Section 35DDA of the Income Tax Act, deductions for voluntary retirement schemes, and related provisions for businesses.
Income Tax
Resolving Tax Demands on Additional Income Reporting Under Clause 16(d)
Resolve tax demands related to additional income reported under Clause 16(d) by following steps for rectification in AY 2021-22.
Income Tax
Delhi Tribunal Ruling on Perquisite Valuation and Tax Default
Delhi Income Tax Tribunal rules that reliance on the Taxman’s Reckoner for perquisite valuation protects assessees from default penalties.
Income Tax
Tax Obligations for NRIs Selling Property in India: A Complete Guide
NRIs selling property in India must navigate TDS, repatriation rules, and tax treaties. Key insights include TDS rates, fund transfer processes, and capital gains tax savings through bonds.
Income Tax
Understanding the DCIT Vs Ferrero India Pvt. Ltd. Transfer Pricing Case
DCIT vs Ferrero India Pvt. Ltd. case analyzes international transaction definitions, A&M expenses, and burden of proof for tax regulations.
Income Tax
Maximizing Tax Benefits: Understanding Section 24 of the Income Tax Act
Learn about Section 24 of the Income Tax Act, 1961, key deductions for homeowners, and how to optimize tax benefits from home loans.