Day: March 26, 2025
Income Tax Offices throughout India to remain open on 29th, 30th and 31st March, 2025. The Financial Year 2024-25 closes on 31st March, 2025 (Monday), which is a closed Holiday. Further, 29th March, 2025 is a Saturday and 30th March, 2025 is a Sunday. In view of the …
If seller is registered with GST department at the time of the transaction, no adverse inference can be drawn against the purchaser if the GST Registration of the seller is cancelled from a further date. In a recent judgment, Hon’ble Allahabad High Court has held that once the …
Clarification on Camera Module of Cellular Mobile Phones for Custom duty levy CBIC has issued clarification on Camera Module of Cellular Mobile Phones for the purpose of concessional and/or exemption from custom duty levy CBIC Notification No. 57/2017-Customs dated 30.06.2017 prescribed concessional basic custom duty (BCD) rate of …
Depreciation allowed where invoices for the fixed assets were in the name of husband of the assessee but payment made by the assessee/debited to her account In a recent judgment, ITAT Allahabad has allowed the depreciation where invoices for the fixed assets were in the name of husband …
Income Tax Bill 2025 passed by Lok Sabha. CBDT issues Supplementary FAQs . CBDT issues Supplementary FAQs on Income Tax Bill 2025 The Lok Sabha on 25th March 2025 passed the Income Tax Bill 2025 with amendments. FAQ.1: Amendment of Section 9A of the Income-tax Act, 1961 Q.1. …
CBDT notifies amendments in Income Tax Rules 1962 to expand the scope of Safe Harbour Rules Section 92BC of the Income Tax Act 1961 inter alia empowers the CBDT to make safe harbour rules for the determination of arm’s length price under section 92C or section 92CA. The …
