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Income Tax : Explore the key takeaways of the New Income Tax Bill 2025, including structural changes, simplified provisions, and updates in tax...
Income Tax : New Income Tax Bill 2025, replacing the 1961 act, focuses on simplification and clarity. Learn about the key changes and retained...
Income Tax : A comparative analysis of Income Tax Act 1961 vs Income Tax Bill 2025, highlighting key changes in salary, capital gains, house pr...
Income Tax : Understand key changes in proposed Income Tax Bill 2025. This FAQ covers definitions, tax year, non-profits, exemptions, salary, h...
Income Tax : Learn about the simplification, stakeholder consultation, and structural reforms in the new Income-Tax Bill aimed at reducing redu...
Income Tax : Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert...
Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...
Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...
Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...
Income Tax : Government addresses Supreme Court judgment on tax exemptions for clergy and its implications on Hindu Undivided Families (HUFs) u...
Income Tax : The Jammu & Kashmir HC refused to quash tax evasion charges against Surinder Nath Jain & others, ruling that the case should proce...
Income Tax : Calcutta HC rules that an AO must dispose of an assessee’s objections to reassessment through a speaking order before proceeding...
Income Tax : Kerala High Court rules that an income tax appeal filed with delay cannot be dismissed without considering the delay petition. App...
Income Tax : ITAT Delhi held that addition based on documents seized from third party is liable to be set aside since assessing officer failed ...
Income Tax : ITAT Chennai held that material/ information referred by AO in reasons recorded cannot be held to be tangible material hence reope...
Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...
Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...
Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...
Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...
Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...
Urmila Vs Income Tax Officer (Rajasthan High Court) the very substantial point which has been raised by the petitioners that one single cash deposit of Rs.34,01,000/- has been taken as two different transactions, which according to the petitioners is factually incorrect and not borne out from any of the record including transactions made as entered […]
Unlock the potential of tax planning for house property with insights into Income Tax Act, 1961. Learn about deductions and exemptions for property owners, including municipal tax, standard deduction, and interest on loans. Explore benefits under different income heads, such as Capital Gains, and exemptions like Section 54 and 80C. Maximize your tax savings with expert guidance on legal aspects. Stay informed and reduce your tax burden effectively.
The 163rd anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field offices across India today. As part of the celebrations, the field formations held a number of events and activities. The events by the field formations included outreach programmes for taxpayers recognising their contribution to the […]
Held that imposing penalty u/s. 271(1)(b) justified as necessary record impounded by the department was not supplied to the assessee, accordingly assessee failed to comply with the notice u/s. 142(1).
No Addition of Cash Deposit During Demonetisation Period under section 69A If Cash Deposit Is Part of Receipts Shown on Presumptive Basis and When the Part of Cash Deposit in Pre Demonetisation-Period Was Accepted.
Eligibility of remuneration, share of profits received from partnership firm, whose profits are eligible for deduction u/s 80IB of Income Tax
Estate of Late Harkishin Bhojraj Chanrai Vs DCIT CPC (ITAT Mumbai) Undisputed facts though the assessee has filed its return of income declaring an income of ₹ 1,288,261/– in the status of association of person of estate of a diseased individual. The tax liability is required to be computed as per the normal tax as […]
ITR last dates – Writ Petitions (WP) seems inevitable for directions to extend last date for filing of non-audit Income Tax Return (ITR)
Understand the tax implications of share transactions in your Income Tax Return. With the rise in Demat accounts during COVID-19, many investors are unaware of the tax impact on share dealings. The AIS/TIS form on the Income Tax portal now captures share transactions, making it crucial to disclose this information. Learn where to report income or losses from intra-day, long-term gains, short-term gains, and F&O transactions. Proper disclosure ensures compliance and prevents notices from the tax department. Stay informed and choose the right ITR form for accurate reporting.
Representation, requesting for Extension of due date for filing of Income Tax Returns (Non-Audit and Salaried) for AY 2022-23 under section 139(1) of IT Act, 1961. ‘HOWRAH TAX BAR ASSOCIATION’ West Bengal has made a representation before The Chairman, Central Board of Direct Taxes on issues faced by Tax Payer and request for Extension of […]
