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Income Tax : The article explains how IRS audits are initiated and conducted to verify tax return accuracy. It highlights taxpayer duties, righ...
Income Tax : Transporters can avoid TDS deduction by submitting a declaration confirming ownership of not more than ten goods vehicles. The key...
Income Tax : Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use the c...
Income Tax : Explains how commission-driven incentives in banks lead to mis-selling of financial products. Highlights the need for structural r...
Income Tax : ITAT held that additions based solely on third-party search material without independent evidence or cross-examination are invalid...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...
Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : A representation seeks doubling the SMC threshold due to inflation and higher dispute values. The key takeaway is that increasing ...
Income Tax : ITAT Delhi held that revisionary proceedings under 263 of the Income Tax Act justifiable since related-party expenses were accepte...
Income Tax : The Tribunal held that failure to issue a jurisdictional transfer order under Section 127 invalidates the assessment. It ruled tha...
Income Tax : The Supreme Court declined to condone delay, thereby upholding the High Court’s conclusion that the liaison office did not const...
Income Tax : The judgment confirms that income from offshore equipment supply is not taxable where transactions occur outside India. The liaiso...
Income Tax : The Tribunal held that lack of awareness of the assessment order and limited knowledge of tax law constituted sufficient cause for...
Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...
Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
Explore evolution of tax laws from ancient times to the modern era, highlighting key changes, global trends, and challenges shaping today’s taxation systems.
Received an IT notice on political donations? Understand why, what to do, and avoid penalties. Expert advice to respond effectively.
Explore India’s digital taxation measures like Equalization Levy, Significant Economic Presence, and GST on online services. Learn about challenges and solutions.
Learn about ITR-U, a form for updating income tax returns. Understand eligibility, filing process, deadlines, and additional tax implications.
This article explores the evolution of digital taxation, its implications for businesses and economies, the challenges associated with its implementation, and the possible future direction of tax regulations in the digital age.
In this blog post here, we would like to address the impact of progressive taxation on income inequality in India with regard to the legal framework, economic implications and the challenges and potential of the tax regime.
This blog compares the Old Tax Regime and New Tax Regime in detail, highlighting their key features and helping taxpayers make an informed decision.
Discover essentials of PAN (Permanent Account Number) issuance, structure, and changes. Learn about Form-49A and Form-49AA requirements for Indian and non-resident entities.
ITAT Surat remands penalty case under Section 271B to AO, ruling that bank transactions alone cannot determine turnover. Fresh consideration ordered.
Learn how freelancers and gig workers in India comply with income tax, GST, TDS, and international tax laws. Navigate compliance and claim deductions.
