by admin | Feb 29, 2024 | INMACSTIMES 2024
by admin | Feb 23, 2024 | Inmacstimes-Feb-2024
Direct Taxation Cash Availability with Different Companies Sufficient to Explain Cash Found during Search The ITAT concluded that the availability of cash with different companies within the group sufficiently explained the cash found during the search. [DCIT Vs...
by admin | Feb 23, 2024 | Inmacstimes-Feb-2024
ITR-U Enabled on Income Tax Portal for AY 2023-2024 The Income Tax Department has taken a significant step towards digital convenience by introducing e-filing options for ITR-U on the Income Tax Portal. This development applies to the Assessment Year 2023-2024,...
by admin | Feb 23, 2024 | Inmacstimes-Feb-2024
In legal terminology, a ‘Will’ or ‘Testamentum’ is a testamentary disposition of a person’s Real Property, representing the individual’s desires regarding the distribution of assets posthumously. Section 2(h) of the Indian...
by admin | Feb 23, 2024 | Inmacstimes-Feb-2024
Background: Any income received by an assessee in the previous year, for which the source is known and accounted, is subject to income tax under the particular head under which that source of income falls. Issues arises when the source of income is unknown or hidden...
