Tax Guru4d
Non-generation of income after setting up of business cannot be ground to disallow expense
ITAT Mumbai held that disallowance of entire expenses alleging that assessee has not started its business activity till date ...
Income tax investment declaration: When you change job, this is what you should do
CA Chirag Chauhan, a Mumbai-based chartered accountant says ... Finally, when they file their tax return, they realise that ...
Tax Guru11d
Indexation Benefit Admissible for Assets held in foreign countries: ITAT Mumbai
ITAT Mumbai held that benefit of cost inflation index admissible as per second proviso to section 48 of the Income Tax Act. Accordingly, indexation benefit admissible even in respect of assets held in ...
I-T dept refutes claims of crackdown on tax evaders using Digi Yatra data
The Income Tax department on Monday said it is not looking at Digi Yatra data to crack down on tax evaders. The I-T ...
I-T department denies plans to use DigiYatra data to crack down on tax evaders
The data shared by a passenger for Digi Yatra is stored in an encrypted format. For availing the service, a passenger has to ...
Jaipur: Income tax raids on wedding planners expose murky hawala-crypto nexus, officials seize Rs 20 crore in cash and jewelry
The raids on wedding planners in Jaipur may have more links to cities such as Delhi, Hyderabad and Mumbai, officials have ...
money.rediff1d
I-T Dept Denies Using Digi Yatra Data for Tax Evasion Crackdown
The Income Tax department has denied using Digi Yatra data to crack down on tax evaders, clarifying that there is no such ...
Relief for Sai Baba Trust as HC upholds tax exemption on anonymous donations
The Bombay High Court upheld tax exemption on anonymous donations to the Shri Saibaba Sansthan Trust, preventing reassessment ...
Mint12d
Income tax investment declaration: When you change job, this is what you should do
CA Chirag Chauhan, a Mumbai-based chartered accountant says ... Finally, when they file their tax return, they realise that they have a income tax liability. This must be avoided.” ...