2021

In this edition, we bring you, one of the most complicated classifications under the income tax laws, that is, classification of lease income. Whether the same would be classified under income from house property or profits and gains from business or profession or income from other sources is a complicated

In this edition, we bring you, Part III of various shades of draft assessment orders and issue surrounding them. In this piece, we have dealt on the issues arising of the e-assessment and faceless assessment schemes. The next article is on the recent judgment of Honourable Supreme Court in the

In this edition, we bring you, Part II of various shades of draft assessment orders and issue surrounding them. In this piece, we have dealt on the issues namely, can the DRP condone the delay in submission,  whether ITAT would have jurisdiction in case DRP rejects the submission because they

In this edition, we bring you, an article on various shades of draft assessment orders and issue surrounding them. This is a two part series article. The next part would be in the upcoming editions. The next article is on certain issues surrounding the job work vis-à-vis manufacture. I hope

In this edition, we bring you, an article on the issue of deduction available on basis of payment in terms of Section 43B of Income Tax Act. As all of us are aware, that Section 43B allows certain expenditures as deductions only on payment basis, there always exist a question

In this edition, we bring you, an article on the recent judgment of Honourable Madras High Court in the matter of Greenwood Owners Association, wherein the High Court has turned down the plea of tax authorities that the exemption notification has to be construed in a different manner than desired.

In this edition, we bring you, the second part of article on the most complicated issues in direct taxation, dealing with taxation in cases where there is a change in partnership firms and other specified entities. The said issue gets complicated when the firm tries to settle the partner with

In this edition, we bring you an article on the most complicated issues in direct taxation, dealing with taxation in cases where there is a change in partnership firms and other specified entities. The said issue gets complicated when the firm tries to settle the partner with a capital asset

In this edition, we bring you the second part of article on the much await judgment by Honourable Supreme Court in the matter of tax withholding obligations for payments for usage of software by residents to non-residents. Hope you have enjoyed reading our first part. The next article is on

In this edition, we bring you an article on the much await judgment by Honourable Supreme Court in the matter of tax withholding obligations for payments for usage of software by residents to non-residents. The decade long litigation, where tax payers argue that the said payments were not in the