ITR Filing AY 2023-24 update I Income Tax Return Filing I CA Satbir singh
ITR Filing AY 2023-24 update I Income Tax Return Filing I CA Satbir singh
Daily Archives: April 11, 2023
CII index for FY 2023-24 is 348
CII index for FY 2023-24 is 348 The Central Board of Direct Taxes (CBDT) notifies the Cost of Inflation Index (CII) annually. It is used to compute long-term capital gains/losses wherein the cost of acquisition/improvement is indexed with reference to the applicable CII of the relevant year. For the Financial Year 2023-24, the board has… Read More »
No Penalty under 271C of Income Tax for delayed payment of TDS or non-payment of deducted TDS : Supreme Court
No Penalty under 271C of Income Tax for delayed payment of TDS or non-payment of deducted TDS : Supreme Court SUPREME COURT OF INDIA US Technologies International (P.) Ltd. v. Commissioner of Income-tax M.R. SHAH AND C.T. RAVIKUMAR, JJ. CIVIL APPEAL NO. 7934 OF 2011 AND 1258-1260 OF 2019 APRIL 10, 2023 M.R. SHAH, J. 1. Feeling… Read More »