Click on the "Follow" button below and you'll get the latest news from TheTaxTalk- Simplifying the tax law related to income tax and tax planning via email, mobile or you can read them on your personal news page on this site.
You can unsubscribe anytime you want easily.
You can also choose the topics or keywords that you're interested in, so you receive only what you want.
TheTaxTalk- Simplifying the tax law related to income tax and tax planning title: TheTaxTalk- Simplifying the tax law related to income tax and tax planning
Is this your feed? Claim it!
Section 153C Cannot Be Invoked After 1 April 2021 for an “Other Person” Merely Because the Search Was Conducted Earlier: ITAT Bangalore Landmark Ruling Clarifies That the Date of Recording Satisfaction-not the Date of Search-Determines the Validity of Section 153C Proceedings One of the most significant changes brought about by the Finance Act, 2021 was the...
The po...
Is Surcharge Automatically Payable When Income Is Taxed at the Maximum Marginal Rate (MMR)? ITAT Mumbai Says No Landmark Ruling Clarifies That Maximum Marginal Rate Does Not Automatically Attract Surcharge Where the Statutory Income Threshold Is Not Crossed The phrase “Maximum Marginal Rate (MMR)” appears in several provisions of the Income-tax Act governing taxation of tru...
Received Salary Arrears? Don’t Miss Section 89 Relief-It Could Save You Thousands in Income Tax How Form 10E Can Reduce Tax on Salary Arrears and How AI Makes the Calculation Surprisingly Easy Receiving a large amount of salary arrears often feels like good news-until you realize it may push you into a higher tax bracket. Many...
The post
When 80P Meets Bank Interest: Nagpur ITAT Reaffirms the View on allowability of deduction of credit cooperative societies A decade-old argument finds fresh acceptance in three cooperative society cases For cooperative credit societies, interest earned on bank deposits has been a recurring tax controversy. The Assessing Officer often sees an FDR and immediately...
T...
When Tax Rules Surprise You – The Taxman Isn’t Always Asking for More! Query 1] My income during the year from salary was ₹11,72,190/-, Interest & Other Income was of ₹55,247/-, Short Term Capital Gain (STCG) on shares taxable at 20% was of ₹4,14,626/-. As such, my income is exceeding ₹12 Lakh and so my income was taxable. I...
The post