The Digital Personal Data Protection Bill, 2023 was passed by the Rajya Sabha on Wednesday by means of a voice vote. The Bill has retained the contents of the original…
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FinanceReal Estate
Personal Data Protection Bill passed in Rajya Sabha
by Taxchanakyaby Taxchanakya -
GST
GST laws to levy 28% GST on online gaming, casinos & horse race clubs
by Taxchanakyaby TaxchanakyaThe GST Council in its 51st meeting on August 2 had recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies…
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Income TaxUncategorized
Capital Gain Exemption Allowable On Construction Of Residential House Completed Within 3 Years: ITAT
by Taxchanakyaby TaxchanakyaThe Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), has held that the claim of capital gain exemption under Section 54 of the Income Tax Act, 1961 on construction…
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Income Tax
Bombay High Court Quashes Reopening Income Tax Assessment After 4 Years Merely On The basis of Change Of Opinion
by Taxchanakyaby TaxchanakyaThe Bombay High Court has quashed the reopening of income tax assessments after 4 years merely on the change of opinion of the Assessing Officer (AO). The bench of Justice…
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Income Tax
Consequences of Not Filling IT Return or Late Filling IT Return
by Taxchanakyaby TaxchanakyaIncome Tax return filing is mandatory if the Total Income of an Individual exceeds the maximum amount which is not chargeable to income-tax i.e. Rs.2,50,000 for individuals whose age is…
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Partition under Hindu Law, can be total or partial. In total partition all the members cease to be members of the HUF and all the properties cease to be properties…
