• February 5, 2023

1. The new tax regime under section 115BAC is now the “Default Tax Regime”. Taxpayers can still opt to pay under the old tax scheme. 2. In addition to Individuals and HUFs, now AOP, BOI and Artificial Juridical Persons will also be covered under section 115BAC. 3. Revised slab rates under section 115BAC are as […]

• February 4, 2023

Notification No. G.S.R. 79(E), Dated 31.01.2023 The Ministry of Finance has notified the Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Rules, 2023. An amendment has been made to rule 3 of the existing rules. As per the amended norms, e-filing of pleadings by applicants before DRT/DRAT is made mandatory without any […]

• February 3, 2023

Case Details: Nimisha Saraf v. Securities & Exchange Board India - [2023] 146 taxmann.com 568 (Delhi) Judiciary and Counsel Details Purushaindra Kumar Kaurav, J. Gaurav Kejriwal, Adv. for the Petitioner. Pratap Venugopal, Abhishek Baid, Praneet Das, Anup Jain & Ashok Kumar Jain, Advs. for the Respondent. Facts of the Case In the present case, a question was raised that, can One-time […]

• February 2, 2023

Authored by CA Naveen Wadhwa – DGM & Rachit Sharma – Manager | Taxmann Advisory and Research Budget News LIVE Consider the scenario of being at a restaurant for lunch and being asked to pay for other guests’ meals after finishing your own. This would likely be viewed as unexpected and unfair, causing you to […]

• February 2, 2023

Publish Date : Wednesday, January 25, 2023 source

• February 1, 2023

Case Details: Developer Group India (P.) Ltd. v. Surinder Singh Marwah - [2023] 146 taxmann.com 477 (SC) Judiciary and Counsel Details B.R. Gavai & Vikram Nath, JJ. Facts of the Case In the present case, respondents Nos. 1 and 2 decided to invest in a commercial project on the representation of one of the directors […]

• January 31, 2023

Authored by Dr Hemant O Sharma – CA, PhD, Hardayal Singh – CCIT, Retired Ombudsman Income-Tax & Gopal C Mehta – Advocate High Court Table of Contents Prologue Facts in Maheshwari Devi’s case 1. Alimony, a personal payment but not income 2. Alimony, not a “sum received without consideration” 3. Alimony, not taxable even if […]