Sponsored
    Follow Us:

section 23

Latest Articles


Understanding the Amendment to Section 43B of Income Tax Act for MSMEs

Finance : Explore the recent amendment to Section 43B of the Income Tax Act aimed at bolstering the financial well-being of MSMEs through ti...

June 12, 2024 1335 Views 2 comments Print

Tick-Tock! Is Your Tax Clock Running Out on MSME Payments?

Income Tax : Learn how recent tax code amendments (Section 43B(h)) impact businesses' deductions for Micro and Small Enterprise (MSE) payments....

February 7, 2024 2154 Views 0 comment Print

Payment to MSMEs in 45/15 Days: Section 43B(h) Explained

Income Tax : Explore the impact of Finance Act, 2023, on MSME payment enforcement under section 43B(h) of the Income Tax Act, 1961. Understand ...

February 5, 2024 214023 Views 9 comments Print

India Goes Global: Decoding Leap Rules & Listing Opportunities Abroad

Company Law : Explore the game-changing Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024, paving the way for Indian...

January 29, 2024 1530 Views 0 comment Print

Tax on Income from House Property

Income Tax : Section 22 of the Income tax Act, 1961 is the charging section for head Income from House Property. As per this section, the asses...

June 27, 2021 20640 Views 1 comment Print


Latest News


6 Suggestions for Amendments in Income Tax Act by BCAS

Income Tax : Bombay Chartered Accountants' Society has made a Representation on 'Suggestions for Amendments in the Income Tax Act', on 24th May...

May 28, 2019 8076 Views 2 comments Print

Guidance note on Clause 17A of 3CD report – Amount inadmissible u/s. 23 of the Micro, Small and Medium Enterprises Development Act, 2006

Income Tax : This is a new clause inserted by the Central Board of Direct Taxes through its Notification No. 36/2009 dated 13-4-2009, in the Fo...

August 26, 2009 46556 Views 0 comment Print

Seller do not require NOC from society at the time of transfer of a flat

Finance : Actor Emraan Hashmi, who was refused an NOC to buy a flat in Nibbana housing society at Pali Hill allegedly because he was a Musli...

August 5, 2009 48126 Views 56 comments Print


Latest Judiciary


Refund of service tax paid under RCM without complying with transitional provisions under GST not admissible

Service Tax : CESTAT Allahabad held that claim of cash refund of service tax paid under RCM not admissible since CENVAT Credit was never claimed...

November 18, 2024 51 Views 0 comment Print

Customs duty not sustained on material intended for use in factory being destroyed by fire: CESTAT Chennai

Custom Duty : CESTAT Chennai held that no customs duty could be demanded on the material intended for use in the factory, however, were destroye...

November 12, 2024 291 Views 0 comment Print

Unsold flats held as stock-in-trade should be treated as business stock and not Income from House Property

Income Tax : Assessee was in the business of construction and in developing housing complexes i.e to construct the property and sell it therefo...

October 29, 2024 963 Views 0 comment Print

‘Income from leasing of property’ was ‘Income From Business” not “Income from House property”

Income Tax : Assessee was engaged in the business of purchasing and renting properties, as also the entire income of the assessee was based on ...

October 28, 2024 1383 Views 0 comment Print

Assessment u/s 147 on protective basis could not be made without a substantive assessment

Income Tax : As per AO, Shri Birat Chandra Dagara was one of the partner of the assessee firm and had owned the mining lease and submitted the ...

October 17, 2024 282 Views 0 comment Print


Latest Notifications


Enhancing MSE Supplier Identification: Key MSME Policy Update

Corporate Law : Discover the latest MSME policy urging MSEs to include EM numbers on documents for better identification and compliance with incom...

August 26, 2008 627 Views 0 comment Print