Dulquer Salman successfully claimed Section 87A rebate on short-term capital gains under the new tax regime, overturning CPC denial and tax demand.
Practical guide to tax audit under Section 44AB for trader assessees, covering groundwork, data analysis, compliance checks, and final reporting.
Avoid rejection of 12AB / 80G applications. Understand relevant sub-clauses, registration types, and recent amendments for Income Tax Act compliance.
Suggestions to simplify 12AB and 80G renewal for charitable trusts, proposing conditional approvals, straight-through processing for compliant entities, and clarity on validity periods.
