Condonation of delay rejected if Assessee was aware of due date of filing ITR : High Court HIGH COURT OF DELHI Puneet Rastogi v. Principal Chief Commissioner of Income-tax, (International Taxation) MANMOHAN AND MS. MANMEET PRITAM SINGH ARORA, JJ. W.P.(C) NO. 12478 OF 2022 AUGUST 30, 2022 Bhupinder Jit Kumar, Adv. for the Petitioner. Ruchir Bhatia and Ms. Mansie Jain Advs. for the… Read More »
Ministry of Finance Direct Tax collections (provisional) for the Financial Year (FY) 2022-23 exceed the Union Budget Estimates by Rs 2.41 lakh crore i.e. by 16.97% Direct Tax collections (provisional) for the FY 2022-23 exceed Revised Estimates by 0.69% Gross Direct Tax collections (provisional) for the FY 2022-23 stand at Rs. 19.68 lakh crore registering… Read More »
Section 194BA Income Tax , TDS on Winnings from online games. Insertion of new section 194BA. After section 194B of the Income-tax Act, the following section shall be inserted, namely:— Winnings from online games. ‘194BA. (1) Notwithstanding anything contained in any other provisions of this Act, any person responsible for paying to any person any… Read More »
Section 115BBJ Income Tax : Tax on winnings from online games. After section 115BBI of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely ‘115BBJ. Notwithstanding anything contained in any other provisions of this Act, where the total income of an assessee includes any income… Read More »