Govt wants Exemption-Free Income Tax Regime with lower Tax Rate – Revenue Secretary Posted by By CA ALOK KUMAR February 5, 2023Posted inBudget 2023, Direct Tax, Income Tax, New Tax RegimeNo Comments New_Tax_Regime_with_Exemption_Free_Lower_Tax_Rate_@Caalokkumar
NRI Taxation – Non-Resident Taxpayers can file Form 10F Manually till March 31, 2023 to Claim TDS Benefit Posted by By CA ALOK KUMAR December 23, 2022Posted inForm 10F, Income Tax Act 1961, NRI Taxation, Tax Residency Certificate, TRCNo Comments NRI Taxation - Non-Resident Taxpayers can file Form 10F manually until March 31, 2022 to Claim TDS Benefit
Expenditure During the Establishment & Commencement of a New Business are Deductible: ITAT Pune Bench Posted by By CA ALOK KUMAR December 23, 2022Posted inCourt Judgement, Direct Tax, Income Tax, Income Tax Act 1961No Comments Expenditure During the Establishment & Commencement of a New Business are Deductible: ITAT Pune Bench
Jewellery held by Minor Son and Daughter: Benefit of CBDT Circular can be Extended Posted by By CA ALOK KUMAR December 14, 2022Posted inDirect Tax, High Court, Income Tax, Income Tax Act 1961, Judicial Decision, source of incomeNo Comments Benefit of CBDT instruction no 1916 providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT
Search & Seizure – Alleged unrecorded sale Posted by By CA ALOK KUMAR December 14, 2022Posted inDirect Tax, Income Tax, Income Tax Act 1961No Comments Search & Seizure - Alleged unrecorded sale
Income Tax Slab Rate Under New Tax System & Old Tax Regime – Its Important for TaxPlanning Posted by By CA ALOK KUMAR December 14, 2022Posted inCentral Government, Direct Tax, Finance Acts, Income Tax, Income Tax Act 1961, source of incomeNo Comments Income Tax Slab Rate Under New Tax System & Old Tax Regime - Its Important for TaxPlanning
Income Tax Collections for the Financial Year 2022–23 – Growth of 31% Posted by By CA ALOK KUMAR November 12, 2022Posted inCentral Government, Direct Tax, Finance Acts, Income Tax, Income Tax Act 1961, source of incomeNo Comments Direct Tax Collections in India for the Financial Year 2021-22
Additional Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961 Posted by By CA ALOK KUMAR September 28, 2022Posted inGST, Income Tax, Income Tax Act 1961No Comments Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as "the Act") with effect from 1 st July 2022. 2. The new section…