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Income Tax : Companies renting residential properties often struggle with choosing between 2% and 10% TDS. The key takeaway is that the correct...
Income Tax : Bangalore ITAT held that the Revenue cannot deny the fifth-year deduction under Section 35D after consistently allowing the claim ...
Income Tax : The Income-tax Act, 2025 continues the old specified professions framework without addressing longstanding classification issues. ...
Income Tax : The Supreme Court dismissed the Revenue's review petitions and reiterated that payments for off-the-shelf software do not constitu...
Income Tax : A detailed overview of limitation periods prescribed under the Income-tax Act reveals how missing statutory deadlines can lead to ...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
Income Tax : Mumbai ITAT held that payments from accumulated income to institutions registered under Section 12AA attracted Section 11(3)(d). T...
Income Tax : Mumbai ITAT held that the Revenue could not attribute the entire execution revenue from cross-border deals to the Indian PE withou...
Income Tax : Mumbai ITAT held that maintenance charges and other collections received exclusively from members of a co-operative society are ex...
Income Tax : ITAT Mumbai ruled that additions under Section 69 cannot be sustained merely on suspicion when the entire property investment is s...
Income Tax : The Tribunal ruled that information from the Sales Tax Department and generic statements of alleged hawala dealers are insufficien...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, enabling eligible donations to qualify for tax benef...
Income Tax : CBDT has granted scientific research approval under the Income-tax Act, 2025, allowing eligible donations to qualify for tax benef...
ITAT Delhi held that rejection of Discounted Cash Flow (DCF) Method for valuation of share price unjustified as that the methodology adopted was a recognized method of valuation and the Revenue was unable to show that the assessee adopted a demonstrably wrong approach.
ITAT Jaipur held that invocation of section 263 of the Income Tax Act unjustified as all the details were furnished by the assessee during scrutiny assessment and assessment was completed after detailed enquiry.
Get answers to FAQs on filling up ITR forms for AY 2022-23. Learn about reporting residential status for non-residents, directorship in foreign companies, sale of land, unlisted equity shares, and more. Understand PAN requirements, reporting foreign assets, and details for unlisted foreign companies. Clarifications on PAN reporting for delisted companies and ISIN details for LTCG. Stay informed about specific disclosures for different scenarios and ensure accurate ITR form submissions.
ITAT Delhi held that addition of interest free security deposit sustained as the same is not refunded to the Developer even after lapse of more than seven years by merely stating that the Developer had not provided completion certificate.
Vijayawada Division’s Income Tax Department warns against false refund claims and wrongful deductions. Learn the consequences and rectify claims now.
Learn about the conditions and benefits of claiming exemption under Section 54 of Income Tax Act when selling a residential house and acquiring another one.
Advocates’ Tax Bar Association requests Finance Minister of India for an extension of Income Tax Return verification period to ease burden on taxpayers.
Investing in the stock market can be a lucrative opportunity for individuals looking to grow their wealth. However, it is crucial to understand the tax implications of selling shares in India to avoid any surprises during tax season.
Learn about taxability under Section 44AD of Income Tax Act 1961. Understand eligibility, computation, deductions, consequences, and ITR filing under presumptive taxation scheme.
अलग-अलग इकाइयाँ हैं जिनका अलग-अलग कानूनी अस्तित्व है उनमें से कुछ प्राकृतिक रूप से उभरती हैं (जैसे मनुष्य), कुछ निगमन के परिणामस्वरूप या किसी कानून (जैसे कंपनियों और पंजीकृत फर्म) के परिणामस्वरूप उभरती हैं । लेकिन एक इकाई (एचयूएफ) है ) जिसका अलग अस्तित्व है और जो किसी विशेष समुदाय (धर्म) के रिवाज या सामाजिक […]
