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Archive: August, 2024

Posts in August, 2024

ITAT Jaipur Allows Section 80P Deduction on Interest Income

August 22, 2024 504 Views 0 comment Print

ITAT Jaipur rules in favor of Hitkari Vidyalaya Sahkari Shiksha Samiti Ltd, allowing 80P deduction on interest income from cooperative banks for AY 2017-18 & 2020-21.

Notice u/s. 148 cannot be issued after expiry of four/six years: Delhi HC

August 22, 2024 2784 Views 0 comment Print

Delhi High Court held that that no notice under section 148 of the Income Tax Act shall be issued if four years “but not more than six years” have elapsed from the end of the relevant assessment year.

Aadhaar Authentication Approved for Two Insurance Firms

August 22, 2024 1578 Views 0 comment Print

The Indian government permits Go-Digit and Acko Life Insurance to perform Aadhaar-based authentication under the Money-laundering Act, ensuring privacy and security standards.

SC Strongly Castigates & Reprimands West Bengal Government For Mishandling Horrific Case

August 22, 2024 855 Views 0 comment Print

Supreme Court condemns West Bengal mishandling of a doctor brutal murder, highlighting police inaction and the need for stricter laws and accountability.

SC Recommends Three Advocates for Delhi High Court Judgeship

August 22, 2024 759 Views 0 comment Print

The Supreme Court Collegium recommends three advocates—Ajay Digpaul, Harish Vaidyanathan Shankar, and Shwetasree Majumder—for appointment as Delhi High Court judges.

26AS text to Excel Converter Tool

August 22, 2024 24339 Views 1 comment Print

Learn how to use 26AS text to Excel conversion tool. Tested in Excel 2019, 2021, and Office 365. Follow simple steps to convert and manage TDS/TCS data efficiently.

2016 Amendment to Section 50C of Income Tax Act Applies Retrospectively: Madras HC

August 22, 2024 2301 Views 0 comment Print

The Madras High Court ruled that the 2016 amendment to Section 50C of the Income Tax Act applies retrospectively, impacting capital gains assessment for earlier years.

Allahabad HC Upholds GST Penalty on Bogus Transactions

August 22, 2024 7605 Views 0 comment Print

Allahabad HC dismisses Shiv Trading’s petition challenging GST penalty due to failure to prove genuine transactions and actual physical movement of goods.

वित्तीय क्षेत्र में डिजिटलाइजेशन आवश्यक

August 22, 2024 1359 Views 1 comment Print

चूँकि प्रधानमन्त्री मोदीजी सब तरफ सुधार के पक्षधर हैं और वे न केवल सभी क्षेत्र में प्रचलित नियमों में भी सुधार हेतु सुझाव आमन्त्रित किये हुये हैं बल्कि सभी सरकारी रिकॉर्ड का द्रुतगति से डिजिटलाइजेशन भी करा रहे हैं, इसलिये वित्तीय क्षेत्र विशेष रूप से शेयर निवेश से सम्बन्धित कुछ सुधार हेतु सुझाव आप सभी के ध्याननार्थ यहाँ उल्लेख करते हुये आपको बताना चाहूँगा  […]

India’s GDP Growth and GST Amendments FY 2024-25

August 22, 2024 1692 Views 0 comment Print

India’s GDP growth forecast for FY 2024-25 is raised to 7%, with GST amendments based on Council recommendations. GST to constitute 18% of total revenue.

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