INCOME TAX

Blogs under category: INCOME TAX

	Cat_id	id	Subject	Body	Date	AuthorName	BlogImage	SEOImage	BodyText	Keywords	Description	cnt	cat	VisitorCount	Pagename
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Can Penalty be recovered after death of assessee from Legal representative CA SOHRABH JINDAL Penalty can’t be recovered from legal representatives after death of assessee Hon’ble ITAT Nagpur bench in the case BEANTKAUR AVTARSINGH JUNEJA VERSUS INCOME TAX OFFICER WARD-4 (2) , NAGPUR, 2024 (4 ........ View More 29/04/2024 | 0 comments | Visitor's Count: 189
Relief on TDS short deduction demand due to non Linking of PAN with Adhaar CA SOHRABH JINDAL A Big relief on the TDS short deduction demand due to non linking of PAN with Adhaar As per CBDT circular dated 23-4-24, There will be no liability due to non linkage of PAN with Aadhar & hence such ........ View More 24/04/2024 | 0 comments | Visitor's Count: 6
Deduction and Disallowance in Income Tax on creditors registered under MSME CA SOHRABH JINDAL Must Attention required and Most Important for Balance Sheet and Income tax Return for FY 23-24 onwards.  Must to read this complete otherwise there may be huge Income Tax Liability in the Balance s ........ View More 22/01/2024 | 0 comments | Visitor's Count: 59
TDS on Purchase of Immovable Property @ 20% in Place of 1% CA Sohrabh Jindal TDS at Higher Rate on Immovable Property Purchase  Plz check the PAN of the seller is linked with Adhaar before you deduct TDS on Property purchase u/s 194IA. If PAN not linked with Adhaar then TDS ........ View More 13/12/2023 | 0 comments | Visitor's Count: 76
ADVANCE INCOME TAX CA SOHRABH JINDAL Reminder for Deposit of Advance Income Tax This is to remind you that 15-12-2023 is the last date to deposit the 3rd Installment of Advance Income Tax for the FY 2023-24. If your total estimated i ........ View More 12/12/2023 | 0 comments | Visitor's Count: 78
Disallowance cant be done for error of Tax Auditor in Reporting in Form3CD of Payment Date of PF Col ........ CA SOHRABH JINDAL Disallowance cant be done for error of Tax Auditor in Reporting in Form3CD of Payment Date of PF Collected from Employees The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in the case of Ernst ........ View More 15/06/2023 | 0 comments | Visitor's Count: 174
Penalty can not be imposed if income declared during Income Tax Survey has been duly disclosed in IT ........ CA SOHRABH JINDAL Penalty can not be imposed if income declared during Income Tax Survey has been duly disclosed in ITR by assessee In the case of The DCIT vs NBM Iron & Steel, Trading Pvt. Ltd 2023 TAXSCAN (ITAT) 119 ........ View More 02/06/2023 | 0 comments | Visitor's Count: 216
Date of issuance of allotment letter to be considered as date of acquisition of property; ITAT Delhi ........ CA SOHRABH JINDAL In a case before it, ITAT Delhi bench held Date of issuance of allotment letter to be considered as date of acquisition of property; ITAT Delhi follows CBDT circular No. 471, dated 15.10.1996 Reside ........ View More 24/04/2023 | 0 comments | Visitor's Count: 208
Interest Awarded under Land Acquisition Act is not Taxable: ITAT Delhi quashes Revision Order The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has quashed the revision order holding that the interest awarded under land acquisition act would not be Taxable. The assessee, Ashwani Kumar ........ View More 17/04/2023 | 0 comments | Visitor's Count: 177
Once Penalty Levied for Non-Maintenance of Book of Accounts, no further default for not getting Audi ........ The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has deleted penalty under Section under Section 271 of the Income Tax Act 1961 holding that once penalty is levied for non-maintenance of books ........ View More 17/04/2023 | 0 comments | Visitor's Count: 182