Judgement

The ITAT gave direction to the AO to allow the benefit of exemption under Article 15(1) of the DTAA between India and China

Salary Earned in China by Chinese Tax Resident Not Taxable in India Merely Due to Remittance: ITAT

Articles

In a significant move, many taxpayers who filed an Updated Income Tax Return (ITR-U) in previous years woke up to emails from the Income Tax Department informing them about a change in the rectification process.

ITR-U Rectification Rights Transferred to AOs: What Taxpayers Need to Know

Diligent Media received another order demanding 20% (around Rs 8.27 crore) of the said demand.

Diligent Media Gets Updated Tax Order in Continuation of Earlier Rs 41 Crore Demand

Income Tax: Diligent Media Gets Updated Tax Order in Continuation of Earlier Rs 41 Crore Demand

The ITAT ruled in favour of the assessee and held that Derivatives are not the same as shares, even if shares are the underlying asset.

India-Mauritius DTAA: ITAT Mumbai Confirms Derivative Gains Not Taxable in India for Mauritius Entities

The operation targets people and organisations that are helping others make fake claims for tax deductions and exemptions in their Income Tax Returns.

Income-tax raiding individuals for Fake deduction claims

Notifications

As per the notification issued by the CBDT, the District Legal Service Authority in Haryana is exempted.

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Salary Earned in China by Chinese Tax Resident Not Taxable in India Merely Due to Remittance: ITAT

ITR-U Rectification Rights Transferred to AOs: What Taxpayers Need to Know

Income Tax: Diligent Media Gets Updated Tax Order in Continuation of Earlier Rs 41 Crore Demand

India-Mauritius DTAA: ITAT Mumbai Confirms Derivative Gains Not Taxable in India for Mauritius Entities

Income-tax raiding individuals for Fake deduction claims

CBDT: District Legal Service Authority in Haryana Get Income Tax Exemption