Newsletter
Signup our newsletter to get update information, insight or news
Industry News Updates
Get all the latest news and top breaking news live related to Business & Income Tax … Read latest Business news, IT Notifications and news headlines online today.
Client Centric Approach
Backed By Experience
Team Work
SEBI Bars Appellant From Securities Market for 3 yrs for Providing Unlicensed Investment Advisory Services | SAT
Case Details: Investment Research Advisor v. Securities and Exchange Board of India - [2023] 154 taxmann.com 254 (SAT-Mumbai) Judiciary and Counsel Details Justice Tarun Agarwala, Presiding Officer & Ms Meera Swarup, Technical Member CS Abhishek Mishra for the Appellant. Akshay Kolte Patil, Akash Jain & Aditya Sarangarajan, Advs. for the Respondent. Facts of the Case In the instant case, […]
[World Tax News] USA Expands Use of ‘CHATBOT’ to Assist Individuals on Tax Notices and More
Editorial Team – [2023] 154 taxmann.com 631 (Article) World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. 1. USA expands use of ‘CHATBOT’ to assist individuals on tax notices The United States Internal Revenue Service (IRS) has […]
Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962, for deduction of Income-tax at any lower rate or no deduction of Income-tax under sub-section (I) of section 197 of the Income-tax Act, 1961 through TRACES
Publish Date : Wednesday, September 27, 2023 source
Bank Account of Taxable Person Can’t be Provisionally Attached to Secure Revenue Due from Another Taxable Person | HC
Case Details: Zhudao Infotech (P.) Ltd. v. Principal Additional Director General - [2023] 154 taxmann.com 571 (Delhi) Judiciary and Counsel Details Vibhu Bakhru & Amit Mahajan, JJ. Tarun Gulati, Sr. Adv. Jitin Singhal, Vasundhara Shankar, Ms Aastha Arora, Mudit Kaushik, Yash Chandra, Arnab Chatterjee, Virat Anand, Shashank & Kumar Sambhav, Advs. for the Petitioner. Harpreet Singh, Sr. Standing Counsel, Ms Suhani Mathur & Jatin Kumar Gaur, Advs. for […]
NFRA’s Inquiry | Revealing the EQC Reviewer’s Ignorance
NFRA in its recent order dated 26.09.2023 emphasized the duty of an EQC Reviewer to conduct the review of the work of the ET and ensure that the Independent Auditor’s Report is appropriate. As per NFRA, without a credible audit, investors, creditors, and other users of Financial Statements would be handicapped. The entire corporate governance […]
CBDT Amends Rule 11UA Incorporating New Valuation Methods | Includes Norms for Valuing “CC Preference Shares”
Notification No. 81 /2023, dated 25-09-2023 The Finance Act, 2023 amended section 56(2)(viib) to bring into account the consideration received from non-residents for the issue of shares. The section provides that if the consideration for the issue of shares exceeds the Fair Market Value (FMV) of the shares, it shall be chargeable to income tax […]
Petitioner Can’t Approach HC to Challenge Assessment Order When There is No Violation of Principles of Natural Justice
Case Details: Ram Krishna Mission Ashrama v. State of Bihar - [2023] 154 taxmann.com 495 (Patna) Judiciary and Counsel Details K. Vinod Chandran, CJ. & Partha Sarthy, J. Suraj Samdarshi, Adv. for the Petitioner. Vikash Kumar for the Respondent. Facts of the Case In the present case, the writ petition challenging the assessment order passed against the petitioner […]
CBDT extends due date for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24
Details : Publish Date : Monday, September 18, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1153/PressRelease-CBDT-extends-due-date-for-filing-of-Form-10B-10BB-and-Form-ITR-7.pdf source
NCLT Has No Jurisdiction to Inquire into Allegations of Fraudulent Recording of Names in Members’ Register | HC
Case Details: Phool Chand Gupta v. Mukesh Jaiswal - [2023] 154 taxmann.com 113 (HC-Calcutta) Judiciary and Counsel Details Soumen Sen & Uday Kumar, JJ. Kuldip Mallik, Ms Labanyasree Sinha & Shiven Ray, Advs. for the Appellant. Swatarup Banerjee, Sourav Sengupta & Aman Baid, Advs. for the Respondent. Facts of the Case In the instant case, the company ‘D4’ was incorporated as […]
Let a Dedicated Tax Expert Do Your Taxes For You.
Get A Consultation
We Provide High-Quality Accounting & Tax Service. Our Businesses are evolving, in the economic realm by providing the best auditing, tax, and assurance services available.