Section 68 is highly litigated section. More than 18K cases across various levels and more than 2000 cases in 2019 in itself, it is a
Read full postSub-sections 206C (1G) and 206C (1H) raise a very fundamental question: Is income being taxed or expenditure? For this reason, we feel there will be
Read full postThis year we saw the birth of section 194-O of Income Tax act. We feel that this section will go through a few amendments and
Read full postSection Analytics is a great way to access all the information related to a section, including cases quickly. This becomes a ready reckoner for you,
Read full postSection 92B of the Income Tax Act defines `international transaction’. So let’s start with a simplified reading of the section. Simplifying Section 92B – International
Read full postSummary of Income-tax (8th Amendment) Rules, 2020 CBDT amended Rule 44G of Income tax Rules, 1962 for making an application to invoke the mutual agreement
Read full postCBDT issued circular No. 11-2020 clarifying how residency in India will be calculated with respect to an individual’s stay in the period of lockdown. If
Read full postA legal and ethical issue has been brought before the Madras High Court by the tax department raising a conflict in the applicability of the
Read full postData, they say, is the new oil. Much like oil, in its crudest form, data has little use. And while oil needs to be processed
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