Assessment in cases of diversion of property, or of income from property, held under trust for public charitable or religious purposes Notwithstanding anything contained in clause (i) of section 5, where any property is held] under trust for any public purpose of a charitable or religious nature in India and— 18[(i) any part of […]
New Delhi, February 6, 2025 – In a significant ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the assessments against multiple assessees, holding that the assessments made under Section 143(3) of the Income Tax Act, 1961, were invalid in law. The case pertains to the appeals filed against the orders
Assessment when assets are held by courts of wards, administrators-general, etc (1) 89[Subject to the provisions of sub-section (1A), in the case of assets chargeable to tax under this Act], which are held by a court of wards or an administrator-general or an official trustee or any receiver or manager or any other person, by whatever
Assessment after partial partition of a Hindu undivided family Where a partial partition has taken place after the 31st day of December, 1978, among the members of a Hindu undivided family hitherto assessed as undivided,— (a) such family shall continue to be liable to be assessed under this Act as if no such partial
Assessment after partition of a Hindu undivided family (1) Where, at the time of making an assessment, it is brought to the notice of the 87[Assessing Officer] that a partition has taken place among the members of a Hindu undivided family, and the 87[Assessing Officer], after inquiry, is satisfied that the joint family property has been partitioned
Assessment in the case of executors (1) Subject as hereinafter provided, the net wealth of the estate of a deceased person shall be chargeable to tax in the hands of the executor or executors. (2) The executor or executors shall for the purposes of this Act be treated as an individual. (3) The status of
Tax of deceased person payable by legal representative (1) Where a person dies, his executor, administrator or other legal representative shall be liable to pay out of the estate of the deceased person, to the extent to which the estate is capable of meeting the charge, the wealth-tax assessed as payable by such person, or
Name of the scheme Jai Bhim Chief Minister Pratibha Vikas Yojana declared by whom Delhi Government Beneficiary Students from SC/ST , OBC, EWS categories Benefit Free coaching will be provided. & 2500 / Month Application Mode Online Year 2024-25 official website scstwelfare delhigovt.nic.in The scheme “Jai Bhim Mukhyamantri Pratibha Vikas Yojana” was launched by the Department for
GST registration number or GST identification Number (GSTIN) is a unique 15-digit number provided by the tax authorities to monitor tax payments and compliances of the registered person. Business needs different sets of documents depending upon the constitution of the business or the type of GST registration that they wish to obtain. Any person making the
An Employees’ Pension Fund (EPF) or Employees’ Pension Scheme (EPS) is a retirement scheme enfranchised by EPFO for individuals employed in organised sectors. Both the employee and the employer contribute to EPF during an individual’s service period in that specific company using Universal Account Number (UAN). UAN is a unique number which is assigned to every member of
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