The guide explains Sections 54 to 54GB, showing how taxpayers can claim capital gains tax exemptions through reinvestment, subject to eligibility, timelines, limits, and compliance conditions.
The guide explains Sections 206AA and 206AB, detailing higher TDS consequences for non-furnishing of PAN and return-filing defaults, applicable exceptions, compliance checks, and the impact of Section 206AB’s omission from 1 April 2025.
The guide explains how AIS and TIS provide a consolidated view of income, financial transactions, taxes, and proceedings, enabling taxpayers to verify data, submit feedback, and ensure accurate pre-filled ITR filing.
The guide explains faceless assessments, appeals, penalties, rectification requests, and demand responses under the Income-tax Act, highlighting how digital processes reduce human interface and enhance transparency.
The Court clarified that civil actions such as inquiry and provisional attachment can commence even without a registered scheduled offence. Registration of a scheduled offence is required only for prosecution under the PMLA.
The petitioner challenged a common Section 74 notice issued for FY 2018-19 to FY 2021-22. The High Court issued notice and directed that no final order be passed pending further hearing.
The petition challenged a common Section 74 notice and adjudication order spanning FY 2018-19 to FY 2023-24. The High Court stayed the operation of the adjudication order pending further proceedings.
The petition challenged a common Section 74 notice and adjudication order spanning FY 2018-19 to FY 2023-24. The High Court stayed the operation of the adjudication order pending further proceedings.
The petitioner challenged the issuance of one notice for multiple years and questioned the validity of the resulting orders. The High Court stayed the operation of the impugned orders pending further consideration.
The High Court revisited reassessment disputes after the Supreme Court took note of the retrospective insertion of Section 147A. The matters were remanded for fresh consideration with liberty to challenge the amended provision.
