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CHANGES IN NEW TDS RATES , INCOME TAX PROVISIONS RELATED TO ONLINE GAMING -BUDGET 2023

By FCS DEEPAK P. SINGH [Bsc.FCS, LLB, AIII, CRMP]: Dear Friends, As you are aware that the pandemic has changed user patterns and increased usage of mobile phones and other electronic devices. When it comes to online gaming, industry leaders have their eyes set on the Indian market which is highly attractive considering the volume and growth potential. We have witnessed surge of various… Read More ...

MICRO , SMALL AND MEDIUM ENTERPRISES & KEY CHANGES IN BUDGET 2023

By FCS Deepak P. SIngh[ B.Sc., LLB, FCS, AIII, CRMP]: Dear Friends, The Budget 2023-24 has brought some important changes related to payment of due of MSMEs. The Government has inserted Clause (h) in Section 43B and made deduction of payment to the MSMEs on actual payment basis. Regards Read More ...

ANALYSIS OF CHANGES IN GST ACT, 2017 UNDER BUDGET 2023-24 MAIN GST CHANGES IN BUDGET 2023

By FCS DEEPAK P. SINGH [Bsc.FCS, LLB, AIII, CRMP]: Dear Friends, In this article we are going to discuss main changes brought by BUDGET 2023-24 in GST Act, 2017. Regards Read More ...

CAP ON CAPITAL GAIN DEDUCTIONS U/S. 54 & 54F OF IT ACT, 1961 -BUDGET 2023-24

By FCS Deepak P. SIngh[ B.Sc., LLB, FCS, AIII, CRMP]: Dear Friends, As you are aware that Hon’ble Finance Minister has presented Union Budget 2023 on 1st February, 2023. The budget is a progressive and development oriented budget. The FM has considered all sectors of the country in the budget. The Government has taken care of Agriculture, Infrastructure, Defense, Digital India , Health and Education… Read More ...

ANALYSIS OF CHANGES IN INCOME TAX UNDER BUDGET 2023-24

By FCS DEEPAK P. SINGH [Bsc.FCS, LLB, AIII, CRMP]: Dear Friends, As you are aware that common man/middle class a group of the most hardworking ,who pay their taxes to the government honestly has got their dues after a period of 8 years from MODI Government. We are waiting for these tax breaks eagerly far long time. In this year Budget Speech, the Honorable… Read More ...

‘Aam Nagrik ki Budget Abhilasha’- By Mayank Mohanka

By Mayank Mohanka, FCA, Partner S M Mohanka & Associates & Founder Director, TaxAaram India Pvt Ltd: This unique Poem authored by Shri Mayank Mohanka, FCA, beautifully captures the aspirations and expectations of the common man, middle class, salaried class and businesses, from the upcoming Union Budget 2023. Just Read it to feel and cherish this poetic marvel, resonating so realistically, your own Budget aspirations and expectations. Read More ...

Representation made by AIFTP to the Hon’ble Law Minister for betterment of ITAT

Representation made by AIFTP to the Hon’ble Law Minister for betterment of ITAT
By AIFTP: The Hon’ble Union Law Minister Shri Kiren Rijiju visited the Hon’ble Income-tax Appellate Tribunal (ITAT) on January 15, 2023 to interact with the stakeholders of the ITAT. Hon’ble Law Minister interacted with the Senior Advocates, Mr. Porus Kaka, President ITAT Bar Association Mumbai, Dr. Y. P. Trivedi, Mr. Phiroz Andyarujina, Mr. Percy Pardiwala and Dr.… Read More ...

WRIT PETITION AS A REMEDY.RULING IN RED CHILLI INTERNATIONALS

By Anadi Varma: THE RECENT TREND OF CHALLENGING VALIDITY OF NOTICES OR INTERMEDIATE QUASI JUDICIAL DECISIONS WHILE IN PROCESS OF ADJUDICATION OF TAX LIABILITY THROUGH WRIT PETITION ROUTE IS EXAMINED IN THIS ARTICLE. Read More ...

Deduction u/s. 80P can’t be denied merely for non filing of ITR

By CA Milind Wadhwani : Deduction u/s. 80P can't be denied merely for non filing of ITR Read More ...

CASE STUDY ( O1 JAN )-INCOME TAX ACT, 1961

By FCS Deepak P. SIngh[ B.Sc., LLB, FCS, AIII, CRMP]: Dear Friends, In this case Apex Court held that Dividend declared by a Tea Company ( TATA Tea) is not an agriculture income in the hand of shareholders and not exempted. Dividend is not ‘revenue derived from land’ and hence cannot be termed as agricultural income in the hands of a shareholder. Hence, despite the… Read More ...