Explore the latest amendments in Income Tax Act, 1961! Understand the implications of Finance Act, 2022, specifically the changes in section 12AB. Learn about ‘Specified Violations’ and the potential cancellation of registration for non-compliance. CA Amit Jindal, Legal Head at Neeraj Bhagat & Co. Chartered Accountants, provides insightful commentary on the amendments, CBDT clarifications, and procedural details. Stay informed to navigate the complexities.
Understanding Section 188 of the Companies Act, 2013: Explore the complexities and disclosures related to Related Party Transactions (RPT).
Discover the permissible limits of foreign currency while traveling abroad for various purposes, from studying and medical treatment to employment and leisure. Stay informed about the regulations and guidelines to ensure a smooth and compliant travel experience.
Learn about the updated provision of filing an income tax return under the Income Tax Act. Find out how to file an updated return within two years from the end of the assessment year.
Cryptocurrency and Income Tax Clarification on the taxation of cryptocurrency in India was highly awaited for the crypto holders. With the introduction of Budget 2022, the government has announced taxation norms on the same. Key pointers regarding income tax implications on cryptocurrencies in India are as follows – 1. Cryptocurrency – Meaning as per Income […]
Any person aggrieved with the order passed by an adjudicating authority can file an appeal in GST before the First Appellate Authority. Who is Adjudicating Authority? Adjudicating Authority is the authority which passes an order or decision against which we appeal. Who is First Appellate Authority? (i) The first appellate authority would be Commissioner (Appeals) […]
Cryptocurrency is a form of virtual digital asset which is designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of assets. It has become one of the fastest upcoming modes of investment. Crypto refers to the various algorithms and techniques that safeguard these entries such […]
The income of a non-resident Indian (NRI) earned in India is taxable. Whether a person will be classified as NRI or not will depend on the number of days he or she has stayed in India and the quantum of income earned. Tax on an individual’s income depends on the source of such income and […]
Real estate sector is one of the major economic sector for any country, especially India where this sector is getting the attention in the recent years. In this article we are going to discuss about GST implication in Real estate sector more predominantly real estate residential housing sector. Following are some of the activities which […]
The Division bench of the High Court of Delhi in the case of Mon Mohan Kohli Vs Assistant Commissioner of Income Tax & Anr. quashed all reassessment notices on 15th Dec, 2021 issued by taxmen under the old regime on or after April 1, 2021, bringing in a huge relief for the taxpayers. They made […]
