T ITAT Jodhpur Mahnoo Khan Vs ITO Appeal Number : ITA No. 17/Jodh/2019 Order : 03/05/2019 Related Assessment Year : 2012-13 The appeal by the assessee is directed against the order dated 17.12.2018 of the CIT(A)-3, Jaipur. 2. Following grounds have been raised in this appeal :- 1. That the order passed by the Commissioner… Read More »
Limit for holding Gold Jewellery under Income Tax SECTION 132 OF THE INCOME-TAX ACT, 1961 – SEARCH & SEIZURE – GENERAL – CLARIFICATIONS WITH RESPECT TO GOLD JEWELLERY UNDER INCOME TAX LAW PRESS RELEASE, DATED 1-12-2016 In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery, the following points are categorically clarified: ♦ There is no limit on holding of gold jewellery or ornaments… Read More »
Cash Receipt Limit in Income Tax w.e.f 01.04.2017 :section 269ST : News [ Part 16] : TaxHeal.com Limit &; Penalty on Cash Transaction w.e.f 01.04.2017 -Income Tax ( India) Section 269ST ; Cash Receipt Rs 2 Lakh or more Banned w.e.f 01.04.2017
The division bench of the Allahabad High Court has held that, Goods and Services Tax ( GST ) not leviable on duty free shops. The petitioner Mr. Atin Krishna submitted that due to the misinterpretation of the provisions of CGST/SGST/IGST Acts, the public exchequer is being made to suffer huge financial loss and therefore, it… Read More »
E-book on “Quick Insights on Professional Opportunities For Chartered Accountants” By ICAI We are pleased to inform that with an aim to provide heightened focus of Chartered Accountants who are in Practice on various emerging Professional Opportunities such as RERA, Ind AS, Companies Act, 2013, Artificial Intelligence, Blockchain, Cyber Security and Data Analytics (ABCD of… Read More »
Held Since, the legislature has consciously not amended the provisions of section 54F, it has to be held that the word “own” in Section 54-F would include only the case where a residential house is fully and wholly owned by the assessee and consequently would not include a residential house owned by more than one person. IN THE ITAT MUMBAI BENCH… Read More »
In order to review the existing Income-tax Act, 1961 and to draft a new direct tax law, the Govt. had constituted a Task Force. Task Force was required to submit its report to Government by extended date of May 31, 2019. The said term has now been extended by CBDT by another two months. Task… Read More »