Taxation on income of foreign IPL players: The legal position and the mechanism is explained as below: 1. Section 115BBA of the Income Tax Act provides the answer: This section provides a special tax rate
All about Updated Return (ITR-U Form): Introduction: 1. Section 139(8A) under the Income Tax Act allows you a chance to update your ITR within two years. 2. Two years will be calculated from the end
AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai M/s.Sahana Jewellery- Exports Pvt. Ltd. Vs ITO (ITA No.999/Chny/2022) Facts: 1. The taxpayer operates in the gold
Bona Sera Hospitality Pvt. Ltd Vs DCIT (ITAT Mumbai) (ITA No.1750/Mum/2023) Facts: 1. The assessee company is in the business of providing services of developing, installing and maintenance of software to the hospitality, food service