Earning ₹30 lakh? The wrong tax regime could cost you over ₹1 lakh
A ₹30 lakh salary puts taxpayers in a bracket where tax planning matters more than ever. Here's how much tax you pay under the old and new regimes and which one works better.
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A ₹30 lakh salary puts taxpayers in a bracket where tax planning matters more than ever. Here's how much tax you pay under the old and new regimes and which one works better.
As taxpayers finalize their returns this filing season, it may be worthwhile to spend a few extra minutes reviewing investments in the name of your spouse and minor children
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SC held that penalty under Section 271E cannot survive after the original assessment is set aside and the fresh assessment records no satisfaction for initiating such penalty. The post Section 271E Pe…
Bombay HC quashed Section 148 reopening for AY 2013-14, holding Section 43CA was inapplicable and stamp duty valuation alone could not justify addition. The post Section 43CA Inapplicable to AY 2013-1…
ITAT Jaipur deleted penalties under Sections 271D and 271E, holding the cash transaction was not a loan or deposit under Sections 269SS and 269T. The post Sections 271D/271E Penalty Deleted as Transac…
ITAT Jaipur set aside an ex parte CIT(A) order for non-compliance with Section 250(6) and remanded the appeal for fresh decision on merits. The post Section 250(6) Mandates Speaking Appellate Orders A…
ITAT Jaipur set aside an ex parte CIT(A) order for non-compliance with Section 250(6) and remanded the matter for fresh adjudication after hearing. The post Section 250(6) Requires Reasoned Appellate…
Delhi HC upheld Section 263 revision, holding an unreasoned assessment on subsidy was erroneous, and remanded the issue for fresh AO determination. The post Unreasoned Assessment Order Justifies Secti…
SC upheld Section 263 revision, holding an unreasoned assessment on subsidy was erroneous, and directed the AO to decide the issue independently. The post SC Upholds Section 263 Revision Due to Unreas…
Calcutta HC stayed recovery in a high-pitched assessment, directed expeditious disposal of the pending appeal, and set aside the Single Judge's order. The post Recovery Stayed in High-Pitched Assessme…
ITAT Mumbai held Section 43CA inapplicable to pre-01.04.2013 allotment agreements and deleted the addition, accepting the 5% valuation difference. The post Section 43CA Inapplicable to Pre-2013 Allotm…