ITAT Chandigarh quashed Section 263 revision, holding that a plausible assessment view after detailed enquiry cannot be replaced by the Principal Commissioner.
Explains the SEBI LODR framework for Senior Management Personnel, covering appointment, disclosures, governance obligations, PIT compliance and exit requirements.
Explains GST registration, TCS under Section 52, Section 9(5), OIDAR provisions and compliance obligations for different online business models.
Guest lecture and teaching income is generally taxed on actual income, with Sections 44AD and 44ADA stated as inapplicable to such activities.
NRIs must file ITR if Indian income exceeds Rs. 4 lakh or to claim excess TDS refunds, with Section 87A rebate unavailable to non-residents.
Section 115BBH taxes VDA gains at 30%, disallows loss set-off, and Section 194S requires 1% TDS on eligible crypto transfers.
Section 50AA taxes specified debt mutual fund units acquired on or after 1 April 2023 at slab rates, regardless of holding period, without indexation.
RNOR under Sections 6 and 6(6) can keep eligible foreign income outside Indian tax during the transition period after an NRI returns to India.
Calcutta HC set aside a GST remand order, holding Section 107(11) bars the Appellate Authority from remanding matters to the Adjudicating Authority.
ICAI has invited public comments on the Exposure Draft revising the Guidance Note on Tax Audit under Section 44AB by 25th July, 2025.
