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Income Tax : Understand the new capital gains tax rules for Gold ETFs & MFs effective April 2025. Learn about holding periods, tax rates, and e...
Income Tax : CBDT’s shift to electronic Form 10F filing poses compliance challenges for resident payers and non-residents, raising concerns o...
Income Tax : Learn about Income Tax Audit Form 10B & 10BB for charitable trusts, recent changes, filing deadlines, and compliance under Section...
Income Tax : Updated TDS & TCS rates from April 1, 2025. Check applicable thresholds, deductions, and compliance requirements for various payme...
Income Tax : Understand Section 43B(h) of the Income Tax Act, MSME classification, payment timelines, tax disallowance, interest on delays, and...
Income Tax : Get insights on key amendments in the Income-tax Act, 1961, including changes to Sections 9A, 44BBD, 10(10D), and 158BB under the ...
Income Tax : JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resou...
Income Tax : ITGOA urges CBDT to address workload imbalances in JAO charges. Proposes systematic reorganization to ensure equitable distributio...
Income Tax : IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not all...
Income Tax : The updated return facility encourages voluntary tax compliance, allowing taxpayers to correct income omissions. Proposal to exten...
Income Tax : ITAT Jaipur quashes tax addition and penalty against 82-year-old senior citizen, finding no fault in her investment claims and sup...
Income Tax : Kerala High Court rules a Section 263 order is not a closed remand, allowing challenge to subsequent assessments without separate ...
Income Tax : ITAT Surat condones appeal delay due to non-service of assessment order, remands case for fresh adjudication, ensuring fair hearin...
Income Tax : ITAT Cochin mandates disclosure of 3rd party evidence to assessee for valid assessment, remanding cases for fresh adjudication....
Income Tax : Bombay HC condones delay in electronic filing of Form 10B for Borivli Education Society, ruling that manual submission within time...
Income Tax : On 29 March 2025, the President of India granted assent to the Finance Act 2025, marking a significant milestone in the country’...
Income Tax : The Karnataka Urban Water Supply & Drainage Board receives tax exemption for specified income from FY 2023-24 to 2027-28 under Sec...
Income Tax : CBDT amends Income Tax Rules, effective April 1, 2025, revising Form 3CD, MSME interest provisions, buyback reporting, and loan/de...
Income Tax : The Government of India keeps Small Savings Schemes interest rates unchanged for Q1 FY 2025-26 (April–June 2025), as per the Min...
Income Tax : CBDT circular allows waiver of TDS/TCS interest under sections 201(1A)/206C(7) due to technical errors. Details on eligibility and...
Opt for presumptive profits with the Union Budget 2023 – Direct Tax Proposals, raising threshold to Rs. 3 crores! Learn more here.
Discover the analysis of impact on delay payment by Indian MSMEs under income tax. Learn how these delays affect India’s GDP, employment & more.
Get an insight to UAE Corporate Tax (UAE CT) – A Curtain Raiser with Federal Decree Law No. 47 of 2022. Learn about CT provisions with the help of Federal Tax Authority from June 2023.
Tax Regime Amendments – Budget 2023 Highlights: Get the lowdown on income tax applicability and amendments in the new tax regime. From AY 2024-25, check out the proposed rates from 0% to 30%! Plus, details on the surcharge and rebate u/s 87A.
Discover how proposed Budget 2023 removes certain funds from section 80G of the Act. Check out this blog post for more info on the allowable deductions associated with said donations and the list of funds impacted
Discover when and how the Income Tax refunds in certain cases are set off and withheld with budget 2023. Set off and withholding of Income Tax refunds in certain cases according to section 241A and 245 of the Act. Read more to learn more about withholding of refund and set off of refunds.
The existing provisions of the section 88 of the Act relates to rebate on life insurance premia, contribution to provident fund, etc. 2. The said section has no relevance at present as it was sunset by the Finance Act, 2005 and section 80C was introduced for allowing deduction on various instruments listed therein.
Learn how the Extension of Income Tax exemption to Specified Undertaking of Unit Trust of India (SUUTI) impacts Budget 2023. Providing for alternative mechanism for vacation of office of the Administrator, as per the UTI Repeal Act, 2002.
Section 276A of the Act makes provision for prosecution with rigorous imprisonment up to two years in the case of a person, being a liquidator who fails to give notice in accordance with sub-section (1) of section 178, or fails to set aside the amount as required by subsection (3) of the said section or parts with any of the assets of the company or the properties in contravention of the provisions of the said section.
Accommodation shall be deemed to have been provided at a concessional rate if the value of the accommodation computed in the prescribed manner exceeds the rent recoverable from, or payable by, the assessee.
