Search results for #Incometax
1% take 22% of the #Income, ain't it cool! What we earn we then pay 30% in #Taxes & 18% average #GST on all expenses #India’s #IncomeTax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts businessinsider.in/policy/economy… #vmp
Denial of benefit u/s 115BAA - while filing its return of income as it was unable to upload Form 10-IC due to technical glitches - Scope of CBDT circular - Despite the technical glitch in uploading Form 10-IC, the… dlvr.it/T63vnk #IncomeTax #Highlights #TaxLaws #TaxTMI
Assessment order passed u/s 153A - valid approval granted u/s 153D or not? - The Tribunal found that the approval granted under Section 153D was generic and lacked specific reasoning for each assessment year. It… dlvr.it/T63tQt #IncomeTax #Highlights #TaxLaws #TaxTMI
Unexplained Cash Credit u/s 68 - Authenticity of the Will - sale consideration claimed to have been received by the appellant from sale of gold ornament and diamonds, which were given to him by his late… dlvr.it/T63tPR #IncomeTax #Highlights #TaxLaws #TaxTMI
Disallowance u/s 36(1)(vii) - bad debt claim in respect of identified debts - The Tribunal found no flaw in the information provided by the assessee regarding the bad debts claimed under section 36(1)(vii) and not… dlvr.it/T63qf3 #IncomeTax #Highlights #TaxLaws #TaxTMI
Scope of challenge to orders passed by the ITSC - Validity of exercising discretion by the ITSC in granting relief to the assessee - Granting immunity from prosecution and certain penalties - The High court noted… dlvr.it/T63pFX #IncomeTax #Highlights #TaxLaws #TaxTMI
Levy of penalty u/s 271(1)(c) - Denial of exemption of capital gains u/s 10(38) on account of sale of shares - The Tribunal also emphasized that the Revenue had failed to provide an opportunity for… dlvr.it/T63mhk #IncomeTax #Highlights #TaxLaws #TaxTMI
Kansas @GovLauraKelly has vetoed an #IncomeTax relief plan passed by the Republican-led Legislature and proposed an alternative plan that would lower each of the state’s three income tax rates. taxnotes.co/3w8wWj2
Clear evidence that the wealthiest 5% pay over half the #IncomeTax received by the US government. But a couple follow up questions: - How does their % of income compare with this % of taxes paid? - What is the effective tax rate across the income levels? reason.com/2024/04/12/the…
Validity of assessment passed w/o intimating u/s 143(1) - Denial of exemption u/s 11 and Claim of Expenses by the CPC - The Appellate Tribunal noted that the return of income and Form 10B were filed within the… dlvr.it/T63jVM #IncomeTax #Highlights #TaxLaws #TaxTMI
Computation of short term capital gain - allowable expenditure u/s. 48 - management fees - The Tribunal observed that there were contradictory decisions regarding the allowability of management fees under Section… dlvr.it/T63jTw #IncomeTax #Highlights #TaxLaws #TaxTMI
@narendramodi @nsitharamanoffc Had to vote for you, as there is no choice but there is nothing that you have done for middle class apart from milking them .. in various ways #IncomeTax The MP in here has also not done anything @PCMohanMP #Election2024 @BJP4India @JPNadda
abcaus.in/income-tax/com… #incometax Merely because directors of two companies were common not mean that deposits received was bogus and companies were shell companies
#IncomeTax #Taxbill #InternalRevenueService IRS free tax filing pilot processed more than 140,000 returns, saved consumers $5.6 million in prep fees cnbc.com/2024/04/26/irs…
Claim these deductions in new tax regime #IncomeTax #viralvideo instagram.com/reel/C6MI_dcyH…
GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. @Infosys_GSTN Key Enhancements Screenshots 👇👇👇 #GST #IncomeTax