08.Nov.2023: By Vivek Jalan, Partner, Tax Connect Advisory Services LLP

25.Oct.2023: Apex Court explains the relevant date of entering into a DTAA for a party to claim benefit of a “same treatment” clause

25.Oct.2023: Apex Court explains the relevant date of entering into a DTAA for a party to claim benefit of a “same treatment” clause

09.Oct.2023: Procedure for Lower TDS u/r 28AA streamlined; Consumption Statement to be available online to deductors

27.Sep.2023: New Angel Tax Rules to provide a mechanism to evaluate the shares issued by unlisted startups to non-resident investors and more

19.Sep.2023: Finally, some relaxation to Charitable Organisations under Income Tax; ITR-7, 10B & 10BB for AY 23-24 deadline extended, much ahead of time

12.Sep.2023: Bank Accountholders undertaking specified transactions to be alert as PMLA Act becomes more stringent for Banking/NBFC/Financial and other Entities

05.Sep.2023: From 1st October 2023 - Form 71 for Claim of TDS deducted in subsequent years but income offered for tax in earlier year

29.Aug.2023: Principle of Mutuality not to apply on income from deposits/ non-members, of clubs – No rethink on settled position

16.Aug.2023: After Company Auditors, now special auditors under Income Tax Act dispute their fees – but special auditors are different from Company Auditors

08.Aug.2023: Assessments of EPC contractors cannot be done merely by assuming and comparing accounts with Form 26AS same is applicable even for professionals

01.Aug.2023: Section 270AA is a complete Code to decide whether Penalty is to be levied u/s 270A @200% or @50%,

18.Jul.2023: No penalty u/s 271(1)(c) of Income Tax Act consequent to an admitted liability under GST and again admitted tax liability in Income tax too

11.Jul.2023: Fate of “Charitable Activities” cases u/s 2(15) in Income Tax post the Supreme Court’s judgement in the case of Ahmedabad Urban Development Authority

27.Jun.2023: Global Minimum Tax (GMT) on Fast track – First 50 member per-to-peer knowledge sharing meeting held

20.Jun.2023: Income Tax E-Appeals Scheme 2023: JCIT(A) and ADCIT(A) made subordinate to CCIT/DCIT…But superiors should not interfere with decisions of sub-ordinates

13.Jun.2023: Suspicion can trigger seizure where seizure order is after application of mind... Karnataka High Court upholds Sec 37A of FEMA

30.May.2023: Angel Tax exemptions notified

23.May.2023: TDS on online gaming from 1st April 2023. CBDT issues clarifications and machinery provisions

16.May.2023: PMLA further tightens the noose covering further activities carried out on behalf of business or profession