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Legal● Neutral for Indian equities
₹1.25 crore received under power of attorney: When can taxman treat property money in your account as taxable income?
The brief
- An ITAT ruling says money received as a power-of-attorney holder is not automatically taxable income
- Income tax audit and ITR filing deadlines extended by 21 days
- CBDT extends tax audit and ITR filing deadlines for eligible taxpayers
- If neither tax nor fee, what is this ‘expropriation’, Supreme Court asks Govt on UPI MDR charges
- CBIC eases paperwork to claim concessional duty on imports from UK
- GST Council to simplify processes, cut penalties