Articles

Indian tax authorities have issued Rs. 1,500 crore in notices to airlines and lessors, alleging misuse of Ireland-based leasing setups to avoid taxes.

Indian Airlines, Leasing Companies Received Tax Notices Rs. 1,500 Crore in Total for FYs 2021–22, 2022–23 Over Ireland Leases

Notifications

TCS Return Form 27EQ has been amended to add new list of Luxury Goods notified today by CBDT

TCS Return Form 27EQ amended to add new list of Luxury Goods [Read Notification]

Central Government has notified list of goods where value of more than Rs. 10L will attract TCS

TCS on Luxury Goods: Government notifies goods of value > 10L for TCS

The Central Board of Direct Taxes has notified National Mission for Clean Ganga for Income Tax Exemption u/s 10(46A)

CBDT notifies National Mission for Clean Ganga for Income Tax Exemption [Read Notification]

Judgement

ITAT rules that a clerical error in ITR filing cannot change the tax-exempt nature of income under Section 10(25).

Clerical Error at Time of ITR Filing does not Alter True Character of Exempt Income [ITAT Deletes Addition]

ITAT condoned a 450-day delay in filing appeal by Redstone Textile Pvt. Ltd. due to CA’s oversight and lack of notice awareness.

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Indian Airlines, Leasing Companies Received Tax Notices Rs. 1,500 Crore in Total for FYs 2021–22, 2022–23 Over Ireland Leases

TCS Return Form 27EQ amended to add new list of Luxury Goods [Read Notification]

TCS on Luxury Goods: Government notifies goods of value > 10L for TCS

CBDT notifies National Mission for Clean Ganga for Income Tax Exemption [Read Notification]

Clerical Error at Time of ITR Filing does not Alter True Character of Exempt Income [ITAT Deletes Addition]

Income Tax Notice Missed due to Inadvertent Oversight of CA: ITAT Condones Delay in Filing Appeal