IBC Code: Complete Overview and Drafting Workshop. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

taxation


Filing ITR for Foreign Investments and Offshore Assets

Introduction In today's globalized world, individuals and businesses often engage in foreign investments and hold offshore assets as part of their financial portfolios. However, when it comes to ITR tax filing, it is essential to understand the tax implications and reporting requi..

Posted in articles |   1 comments |   1 Views


Laws for Buying and Selling Cryptocurrency Around World

Cryptocurrencies such as Bitcoin, Ethereum, Doge, and all others are virtual money transacted online. This means you can buy and sell Bitcoin instantly online using a phone app or web platform. So, why do you need to know the law for buying and selling crypto in different countries? Although the cryptocurrency sector claims it is not regulated by any government, its operations are sub..

Posted in articles |   4 comments |   1 Views


Cryptocurrencies And Taxation Thereof Under Indian Income Tax Act, 1961

Author of this article: Adv. Ravish Bhatt Connect with Mr. Bhatt on Linkedin: Click Here 1. What Is Cryptocurrency? Investopedia defines Cryptocurrency as: - "A cryptocurrency is a digital or a href="https..

Posted in articles |   1 comments |   2 Views


Aadhaar Card Update: Check steps to change Aadhaar linked mobile number

Certain papers must be linked to the Aadhaar, according to the Indian government. The mobile number must be linked to the Aadhaar card if you want to change any information on it online. If your mobile number has not yet been registered with Aadhaar, you must go to an Aadhaar Kendra to do so. Aadhaar cardholders should have their cards linked to phone numbers in ord..

Posted in articles |   7 comments |   5 Views


Section 35 (5) Omitted

OVERVIEW Nirmala Sitharaman, finance minister introduced the Financial Bill, 2021 in which it has been proposed that certain amendments will be made in the CGST Act and IGST Act, 2017. p style="text-align:justi..

Posted in news |   1 Views


Amendments By Finance Bill 2021

KEY TAKEAWAYS • In the budget of 2021, certain amendments have been proposed in Central Goods and Services Tax (CGST) Act and Integrated Goods and Services a href="h..

Posted in articles |   5 comments |   2 Views


Arrest Under Customs Act

Section 104 of the Customs Act empower arrest of any person including Officers of Customs u/s 136 of the Customs Act, commits an offence in India or within the Indian customs waters, by the customs officers by an order of the principal or Commissioner of Customs as the case may be having reasons to believe that the above said offences has taken place. The offen..

Posted in articles |   14 Views


Understanding of Section 2(22)(e) of income tax act, 1961

SYNOPSIS The aim of this paper is to provide a clear understandingof the concept of ‘deemed dividend’, under the income tax laws right from the Income Tax Act, 1922 to current provisions. The said analysis is done with the support of various judgments at various forums on the said aspect. After a detailed delibera..

Posted in articles |   1 comments |   1 Views


Recommendations of GST council related to Law & Procedure

The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finan..

Posted in news |   0 Views


Section 87A: How Does It Work?

Introduced in 1961, the Income Tax Act is the statute under which all taxation-related matters in India are listed. Various tax saving schemes in India, covered undervarious tax-saving Sections [including 80C, 80D, and 10(10D)], are all part of the Act. p ..

Posted in articles |   1 comments |   13 Views


ITAT for the first time, holds hearing through video conferencing

A division bench of the Income Tax Appellate Tribunal (ITAT), led by the Tribunal’s President Justice P.P. Bhatt, has, through web based video conferencing platform, heard and disposed of an urgent stay petition today. This is a first in the 79-year-old history of this Tribunal. The petition was heard by a two member bench of the ITAT Mumbai, comprising Justic..

Posted in news |   0 Views


ITAT holds All India Video Conference on 'The Direct Tax Vivad Se Vishwas Act, 2020'

ITAT President Justice P.P. Bhatt encourages stakeholders to avail the Scheme so as reduce pending tax litigation Government open to suggestions for better implementation of the scheme and propose amendments to the Bill, says Mr. P.C. Mody, Chairman, CBDT div style="text-..

Posted in news |   0 Views


In wake of lockdown following COVID-19 pandemic, ITAT begins regular interactive sessions

The Income Tax Appellate Tribunal (ITAT) has commenced today a series of Video Conferences involving regular interactive sessions to productively utilise the time available during the 21-day lockdown to tackle the COVID-19 pandemic. ITAT President, Mr. Justice P.P. Bhatt, in a communication to Vice Presidents and Members of the Tribunal, said such meetings can be utilized for exchanging views a..

Posted in news |   0 Views


Vivad Se Vishwas Scheme - Implication on 110% Tax Rule

Hon’ble Finance Minister Smt. Nirmala Sitharaman in her budget speech on 01.02.2020, announced Direct Tax Amnesty Scheme “Vivad se Vishwas” for tax payers to settle their tax disputes.    The Vivad se Vishwas bill got the assent from President on 17.03.2020 and it became "The Direct Tax Vivad Se..

Posted in articles |   8 Views


All You Need To Know About Appeals Against the Commissioner of Income Tax

In recent times, cases of additions of income by respective Income Tax Officers/Assessing Officers have increased substantially. Factor such as demonetization, increased reliance on information technology and availability of tremendous data available with the Income Tax Department have contributed in the growth of litigations between the assessees and the income tax..

Posted in articles |   8 Views




Popular Articles



Browse Popular Tags

Post a Suggestion for LCI Team
Post a Legal Query