Learn how to fill FSI, TR, and FA schedules in your ITR for reporting foreign income, claiming tax relief, and declaring foreign assets and accounts.
Explore global tax-to-GDP ratio trends and their implications for India, including definitional differences, revenue components, and ongoing reforms aimed at enhancing resource mobilization.
Supreme Court ruled stem cell banking services are healthcare, exempt from service tax. Extended limitation period also found wrongly invoked due to no suppression.
The Supreme Court dismissed a plea, affirming that GST refund orders cannot be stayed without a clear finding of error or prejudice to revenue.
Assessee is a co-operative society engaged in the business of providing credit facilities to its members. Assessee is claiming deduction u/s. 80P(2) of the Income Tax Act. Notably, vide intimation u/s. 143(1), the deduction u/s. 80P(2)(d) was disallowed.
Understand the DRHP, RHP, and Final Prospectus in Indian IPOs. Learn about regulatory compliance, investor disclosures, and legal liabilities.
ok Sabha Select Committee, which has proposed 285 amendments to the draft Income-Tax Bill, 2025, largely focused on simplification and clarity. The report, unanimously adopted by the committee, is expected to be tabled in the Lok Sabha on July 21, 2025.
Gujarat High Court held that reopening of assessment by issuance of notice under section 148 issued beyond the surviving time limit as prescribed under Income Tax Act read with TOLA is barred by limitation. Accordingly, notice is quashed and writ petition allowed.
ITAT Cochin rules Envestnet Asset Management’s assessment order time-barred, emphasizing mandatory timelines and proper record-keeping by tax authorities.
Bombay High Court rules Rediff.Com can deduct expenses for abandoned capital work-in-progress, affirming ITAT’s decision based on revenue expenditure classification.
