Sovereign Gold Bonds: A Premier Investment Option for Residents in India Posted by By CA ALOK KUMAR December 18, 2023Posted inIncome Tax, Income Tax Act 1961, Income Tax Department, Income Tax Order, source of incomeNo Comments Sovereign Gold Bond Scheme 2023-24 (Series III) will be opened for subscription during the period December 18-22, 2023
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
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
Accumulated Cash available out of Past Savings justifiable as Source of Unexplained Money u/s 69A: ITAT (Bangalore) Posted by By CA ALOK KUMAR September 28, 2022Posted inIncome Tax Act 1961, source of incomeNo Comments Case - Shri. Girigowda Dasegowda vs ITO - The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the accumulated cash available out of past savings is justifiable…