Overview of Income Tax Sections 69A, 69B, on unexplained income, investments, and expenditures. Key cases and interpretations included.
ITAT Nagpur rules in ITO Vs N. Kumar Housing, addressing ₹5.2 crore addition under Sections 41(1) and 68. Liability cessation and unexplained cash credits analyzed.
SC rules GPA does not confer ownership, unregistered sale agreements lack legal validity, and GPA holders cannot execute deeds post-principal’s death.
Recent changes in India’s income tax structure, particularly the introduction of rebates, have led to some confusion among taxpayers regarding their obligations to file Income Tax Returns (ITRs). A prevalent misconception is that individuals with incomes up to ₹12 lakh are entirely exempt from income tax and, consequently, from filing ITRs.
India abolishes Angel Tax from FY 2025-26, boosting startup funding and foreign investment. Learn its impact on valuations, FDI, and entrepreneurship.
ITAT Pune rules in Ramchandra Jadhavrao vs. ACIT that no penalty under Section 271(1)(c) applies if income is declared in return post-survey.
जानिए आयकर अधिनियम में सैलरी और लीगल पर्सन की आय परिभाषा, टैक्स दरों का अंतर और इसका आर्थिक मंदी पर प्रभाव।
Comprehensive checklist for FY 2024-25 year-end closing. Covers books closure, tax compliance, GST, Companies Act, labor laws, and reconciliation processes.
IRDAI allows insurers to hedge equity risks using derivatives. The guidelines specify permitted instruments, risk management, and reporting requirements.
NSE directs listed companies to update fully diluted paid-up equity capital details on the NEAPS portal, ensuring compliance with SEBI regulations.
