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BackBack Income Tax Act amendment on cards on tax treatment of MSME dues
A change introduced last year in the Income Tax Act to help small businesses receive timely payments might have had the unexpected effect of putting off buyers of their goods and services altogether. According to two people aware of discussions in the government, the Centre may amend the Act again in the full budget for FY25 in July. Wha...

55 LPA Opening India Finance Controller
Experience: 9 - 14 yearsSalary: 45-55 Lacs P.A.Role: Financial ControllerIndustry Type: IT Services & ConsultingDepartment: Finance & AccountingEmployment Type: Full Time, PermanentRole Category: FinanceEducationUG: Any GraduatePG: CA in Any SpecializationTo Applied the Job please follow this link:https://www.naukri.com/job-listings-india-f...

1 Cr LPA Opening Chief Financial Officer (CFO)
Experience: 15 - 24 yearsSalary: 80 Lacs-1 Cr P.A.Role: Chief Financial Officer (CFO)Industry Type: Beverage (Brewery / Distillery)Department: Finance & AccountingEmployment Type: Full Time, PermanentRole Category: FinanceEducationPG: CA in Any SpecializationTo Applied the Job please follow this link:https://www.naukri.com/job-listings-chief-fi...

Seminar on Audit Trail, Critical issues in sec 43B(h) & PMLA
Seminar on Audit Trail, Critical issues in sec 43B(h) & PMLA (ACCOUNTING AND AUDITING) Event ID: 10820695 Date: From: 27-04-2024 – To: 27-04-2024 POU Name: East Delhi CA CPE Study Circle of NIRC of ICAI ICE ID: 820695 For details about ICAI-ICE ,Click here(FAQ) Event Venue: CRYSTAL BANQUET(Near PSK...

Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?
Income Tax Calculator Online Old vs New: Filing income taxes can feel lengthy and exhausting, particularly for first-timers. Plus, the decision between the old and new regimes can add complexity. What’s the solution? Well, to streamline the tax filing process, the income tax department offers an online tax calculator. The Income Tax dep...

Filing Income Tax Return Early? Make Sure To File Correct Details
The Income Tax Department has released different Income Tax Return (ITR) forms, which taxpayers can use for FY23-24. This year it has been released at the beginning of the tax season itself. Taxpayers and chartered accountants can view the requirements of ITR forms and prepare the details. Many people have to file their income tax return earl...

New tax regime vs old tax regime: What's point at which tax outgo is the same in both regimes? Check salary and deduction levels
New Income Tax Regime Vs Old Income Tax Regime 2024-25: Selecting the most tax-efficient income tax regime, either the old or new, can be a challenging decision for many salaried taxpayers. April is the first month of the new financial year, and employers would have asked salaried individuals to share their choice of preferred income tax regime for...

Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime
Are you still undecided about which income tax regime (old or new) to choose? The Budget 2023 introduced a significant change: default adoption of the new tax regime. It aims to simplify tax filing and encourage more people to opt for the new regime, which offers lower tax rates but fewer deductions and exemptions. If you don't choose either t...

ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Taxpayers in India are gearing up for the impending deadline as the clock ticks closer to the last date for filing Income Tax Returns (ITR). With July 31, 2024, looming as the cutoff, individuals across the nation are urged to ensure timely submission to avoid incurring additional charges or penalties. The Income Tax Department has reiterated the ...

ITR Filing 2024: How To Claim Tax Refund Online, Check Step-by-step Guide To Know Status
Individuals or businesses can receive a tax refund if they have paid more taxes than they owe for a particular financial year. A tax refund serves as a silver lining in the realm of finance, offering individuals and businesses respite when they’ve paid more taxes than their actual obligations for a given financial year. This process embodies ...

ITR 3 What is ITR 3 Form & How to File ITR-3?
Who can file ITR-3 Form? Carrying on a business or profession (both tax audit and non-audit cases) The return may include income from house property, salary/pension, capital gains and income from other sources. Remuneration received from a partnership firm   Who is not eligible to file ITR-3 Form? No persons other than in...

ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here
The income tax return forms, ITR-1, ITR-2 and ITR-4, for FY 2023-24 (AY 2024-25) are now available for e-filing on the Income Tax department portal. The online ITR forms were made available from April 1, 2024. Taxpayers eligible to file their tax returns can now login and fill their ITRs for FY 2023-24 using these ITR forms. The last date to file i...

Govt kicks off direct tax code revision
The Narendra Modi government, if voted back to power, will implement the long-delayed Direct Taxes Code (DTC) on a priority basis, official sources said, adding that discussions were already underway in the finance ministry in this regard. Initiation of the law-making process has been included as part of the agenda for the Modi 3.0 government after...

How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)
An Income Tax Return (ITR) is a form that enables a taxpayer to declare his income, expenses, tax deductions, investments, taxes, etc. The Income-tax Act, 1961 makes it mandatory for a taxpayer to file an income tax return under various scenarios. However, there may be various other reasons to file an income tax...

35 LPA Opening Business Finance Lead/ Manager
Experience: 3 - 6 yearsSalary: 18-30 Lacs P.A.Role: Manager - Financial Planning & AnalysisIndustry Type: Internet (E-Commerce)Department: Finance & AccountingEmployment Type: Full Time, PermanentRole Category: FinanceEducationPG: CA in Any Specialization, MBA/PGDM in FinanceTo Applied the Job please follow this link:https://www.naukri.com/...

Full day Seminar on financial statement of Non-corporate entities and consolidation of Financial statements
Full day Seminar on financial statement of Non-corporate entities and consolidation of Financial statements (ACCOUNTING AND AUDITING) Event ID: 10812191 Date: From: 27-04-2024 – To: 27-04-2024 POU Name: Accounting Standards Board ICE ID: 812191 For details about ICAI-ICE ,Click here(FAQ) Event Venue: H...

55 LPA Opening GM Finance & Accounts from Manufacturing only
Experience: 18 - 22 yearsSalary: 50-55 Lacs P.A.Role: Manager - Financial Planning & AnalysisIndustry Type: Internet (E-Commerce)Department: Finance & AccountingEmployment Type: Full Time, PermanentRole Category: FinanceEducationPG: CA in Any Specialization, MBA/PGDM in FinanceTo Applied the Job please follow this link:https://www.naukri.co...

Seminar on Standards on Auditing & Different Dimensions to Practice and Mastering Project Financials
Seminar on Standards on Auditing & Different Dimensions to Practice and Mastering Project Financials (ACCOUNTING AND AUDITING) Event ID: 10818267 Date: From: 19-04-2024 – To: 19-04-2024 POU Name: KOLHAPUR BRANCH OF WIRC ICE ID: 818267 For details about ICAI-ICE ,Click here(FAQ) Event Venue: ICAI BH...

Seminar on Audit Trail under Companies Act and Internal Audit and Audit trail A Perspective
Seminar on Audit Trail under Companies Act and Internal Audit and Audit trail – A Perspective (ACCOUNTING AND AUDITING) Event ID: 10814628 Date: From: 21-04-2024 – To: 21-04-2024 POU Name: Borivali-Kandivali East CPE Study Circle of WIRC of ICAI ICE ID: 814628 For details about ICAI-ICE ,Click here(FAQ...

Seminar on Interplay between Income Tax and GST in Real Estate Transactions
Seminar on “Interplay between Income Tax and GST in Real Estate Transactions” (DIRECT TAXES) Event ID: 10779628 Date: From: 19-04-2024 – To: 19-04-2024 POU Name: Pune Camp CPE Study Circle of Pune Branch of WIRC of ICAI ICE ID: 779628 For details about ICAI-ICE ,Click here(FAQ) Event Venue: ...

Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court
The Delhi High Court has held that income tax additions made towards unsubstantiated share capital are eligible for deduction under Section 80-IC of the Income Tax Act. The bench of Justice Yashwant Varma and Justice Purushaindra Kumar Kaurav has refused to grant the reliefs as sought by the respondents-Department to ...

Inordinate delay in income tax appeal hearings
Justice delayed is justice denied – this is a maxim stated by William Gladstone, the former prime minister of the UK in the 19th century, and often repeated by eminent jurists over the years. Unfortunately, income taxpayers in India have become a victim of such denial of justice, due to the inordinate delay in deciding their appeals by the ...

Income Tax leviable on Tuition Fee in the Year of Rendering of Services: ITAT
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax is leviable on the amount of tuition fee in the year when the corresponding services are made. A division bench of the ITAT comprising f K. Narasimha Chary (Judicial Member) and Rama Kanta Panda (Accountant Member), observed that though…...

Supreme Court invoked its power under Article 142 of Constitution to validate notices issued under section 148 as notices issued under section 148A. However the same shall be subject to amended provisions of section 149.
IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION   CIVIL APPEAL NO(s). ____________OF 2022 (ARISING OUT OF SPECIAL LEAVE TO APPEAL (C) NO. 22921/2019)   DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL) CIRCLE 1(2) ...APPELLANT (S VERSUS M/S. M. R. SHAH LOGISTICS PVT. LTD. ...RESPONDENT(S) JUDGMENT S. RAVINDRA BHAT, J....

ITAT refuses to stay tax demand on former owner of Raw Pressery brand
An income tax appellate panel has refused to grant a stay on Rs 123 crore of taxes demanded by the authorities on share transfer by a fruit juice start-up to Mauritius based entities and actress Jacqueline Fernandes for huge premiums. The case relates to the start-up, Raykan Beverages, that used to sell fruit juices under the brand of "Raw Presser...


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