• April 5, 2024

Case Details: Neeraj Singal v. Directorate of Enforcement - [2024] 161 taxmann.com 82 (HC - Delhi) Judiciary and Counsel Details Vikas Mahajan, J. Kapil Sibal, Dr Abhishek Menu, Vikas Pahwa, Sr. Advs. Ms Ranjana Roy Gawai, Ujjwal Jain, Ms Shambhavi Kashyap, Adit Pujari, Aavishkar Singhvi, Garnil Singh & V. Wadhwa, Advs. for the Appellant.  Zoheb Hossain, Vivek Gurnani, Baibhav, Ms Manisha Dubey, Pranjal Tripathi, Anuj Kumar & Sanket Sinha for […]

• April 3, 2024

Advance tax, also referred to as "pay-as-you-earn" tax, is a system where taxpayers make payments towards their estimated tax liability in instalments instead of paying the full amount at the end of the fiscal year. This method helps in the dispersion of the tax collection throughout the year and aids in reducing the burden of […]

• April 1, 2024

Alternative Investment Funds (AIFs) refer to privately pooled investment vehicles that collect funds from sophisticated individual or institutional investors to invest in a variety of non-traditional assets. Unlike conventional investment funds, AIFs target investments outside of standard asset classes like stocks, bonds, and cash, opting instead for private equity, venture capital, hedge funds, real estate, […]

• March 31, 2024

Table of Contents Investment for Tax Deduction Composition Scheme, QRMP (Scheme) & E-invoicing Updated ITR Filing Deadline Letter of Undertaking (LUT) Advance Tax Payment Form 12BB Other Deductions As the financial year draws to a close, taxpayers are reminded of the essential tasks and deadlines they need to adhere to ensure compliance with tax regulations […]

• March 30, 2024

Notification No. 37/2024, dated 27-03-2024 The Central Board of Direct Taxes (CBDT) has notified Income-tax return verification and acknowledgement forms applicable for the Assessment Year 2024-25. The board has already notified all the Income-tax Return forms (ITR 1 to 7) applicable for filing of income-tax returns with respect to income earned during the previous year […]

• March 29, 2024

Retirement Planning is the process of putting in place the road map for retirement. A big part of the retirement plan is the financial aspect of how the retirement will be funded. The life style envisaged will define the expenses and income required in retirement, which in turn will set the goal for retirement savings. […]

• March 28, 2024

Case Details: Indian National Congress v. DCIT - [2024] 160 taxmann.com 606 (Delhi) Judiciary and Counsel Details Yashwant Varma & Purushaindra Kumar Kaurav, JJ. A.M. Singhvi, Vivek Tankha, A.S. Chandhiok, P.C. Sen, Sr. Adv. Prasanna, Amit Bhandari, Siddharth S., Vipul Tiwari, Inder Singh, Ms Simran Kohli, Ms Vidhushi Keshari, Kanishka Singh, Nikhil Bhalla & Ms Swati Arya, Advs. for the Petitioner. & Others. Zoheb Hossain, Vipul Agrawal, Sanjeev Menon, Ms Sakshi Shairwal & Vivek […]

• March 27, 2024

Case Details: Jeevagan Narayana Swami Nadar v. Shapoorji Pallonji & Co. (P.) Ltd. - [2024] 160 taxmann.com 614 (NCLAT-New Delhi) Judiciary and Counsel Details Rakesh Kumar Jain, Judicial Member & Naresh Salecha, Technical Member Palash Singhai, Karant Batura & Jayant Chawla, Advs. for the Appellant. Abhijeet Sinha, Mayank Mishra, Chirag Sharma, Advs. Sudiksha Saini, Shikhar Misra, S. Niranjan Reddy, Sr. Adv. Ms Shally Bhasin, Prateek Gupta, Udbhav […]

• March 25, 2024

Press Release No. 2023-2024/2085; Dated: 21.03.2024 The RBI has now finalized the Omnibus Framework for recognising Self-Regulatory Organisations (SRO) for Regulated Entities. The omnibus framework contains broad parameters viz., objectives, responsibilities, eligibility criteria, governance standards, application process and other basic conditions for grant of recognition, which will be common for any SRO proposed to be […]