ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
capital gains arising from redemption/sale of mutual fund units by a Singapore tax resident are taxable only in Singapore as ...
Sunday, June 22, 2025
Tag: case laws
Interest free or lower interest loan given by Employer to employee will be considered as perquisite [Read order]
The benefit enjoyed by bank employees from interest-free loans or loans at a concessional rate is a unique benefit/advantage enjoyed ...
Housewife cannot be reassessed under Income tax for joint property held with husband [Read order]
Additionally, the court noted that the details regarding the source of funds should have been sought from the petitioner's husband ...
Assessee can choose method of valuation u/s 56(2)(viib) r.w.r. 11UA of Income tax act [Read order]
While it would be open for the AO, for reasons so recorded, to doubt or reject a valuation that may ...
Hostel service to Individual’s will not attract GST [Madras High Court]
In the light of the above discussion, it is clear that the renting out the hostel rooms to the girl ...
Assessment order in name of deceased is not valid and void ab initio [Read order]
Reassessment initiated in the name of deceased person and since no response was received from assessee Ld. AO passed order ...
Penalty of Rs.10 lakh per year for not disclosing foreign asset under Schedule FA in ITR [Read order]
Hon'ble Mumbai ITAT has passed an order in case of Ms. Shobha Harish Thawani for AY 2016-17, 2017-18 and 2018-19 ...
No TDS u/s 194IA if consideration for each buyer below Rs. 50 lakh [Read ITAT order]
We notice that the provisions of Section 194IA of the Act are applicable where consideration for transfer of an immovable ...
Benefit of DTAA cannot be taken while making payment of DDT by a company [Read order]
For the reasons give above, we hold that where dividend is declared, distributed or paid by a domestic company to ...
Equalization levy 1.0 not applicable if person running advertisement is outside India and income not accruing in India [Read order]
This judgement has been passed by ITAT bench of Jaipur and can be considered one of the first few judgements ...
Remuneration from Partnership firm cannot be considered as gross receipt/ turnover for section 44AB | Bombay High court | Case law
The court concluded that the Revenue was right in its contention that remuneration and interest from the partnership firm cannot ...
GST on Pizza Topping is costlier than GST on Pizza | AAAR Haryana ruling | What is the truth?
The main question in the below mentioned ruling was whether the topping prepared by the taxpayer/ applicant needs to be ...
Hon’ble Supreme Court issued notice in relation SLP filed against Allahabad High court judgement of quashing section 148 notice issued after 01.04.2021
Recently we have seen various High Court's passing judgement in favour of assessee in relation to notice being issued u/s ...
Division bench of Madras High Court Quashes notice issued u/s 148 after 01.04.2021
In view of the ratio propounded by the Allahabad and Delhi High Courts on the subject, the reassessment notices under ...
Kolkata High court single bench judge quashes notice issued u/s 148 of the IT act issued after 01.04.2021
The below mentioned judgement was pronounced on 17.01.2022 in Kolkata High Court by Hon’ble Mr. Justice Md. Nizamuddin in case ...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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