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Income Tax : Increasing use of RERA data by tax authorities makes alignment between project disclosures and income tax reporting essential to a...
Income Tax : Taxpayers are facing confusion following the introduction of the Income-tax Act, 2025. The key clarification is that income earned...
Income Tax : The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thres...
Income Tax : The case demonstrates how an incorrect exemption claim based on Form 16 led to scrutiny and penalty proceedings. The Tribunal ulti...
Income Tax : This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalm...
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 : The Court held that, for assessment year 2009-10, filing the audit report along with the return was directory and not mandatory. D...
Income Tax : The Chennai ITAT held that the Pr. CIT could not invoke Section 263 on matters already under consideration before the appellate au...
Income Tax : The Chennai ITAT held that excess stock found during a survey could not be taxed as unexplained investment when it had been accoun...
Income Tax : The Tribunal upheld the disallowance of a ₹10 lakh deduction after the recipient political party informed the tax authorities th...
Income Tax : The Tribunal upheld the denial of deduction under Section 80GGC after finding that the political donation formed part of an allege...
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...
Budget Session of Parliament, 2021 which commenced on Friday, the 29th of January, 2021 will take up 38 items (Includes 33 Bills and 5 financial items) during the session.
A recent judgment by ITAT Mumbai in the case of Maria Fernandes Cheryl has stirred the Indian income-tax universe again with its intriguing take on retroactive operation of amendments in Income-tax Act, 1961
The Union Budget 2021 presented by Finance Minister Nirmala Sitharaman on February 1, 2021. Union Budget 2021 is going to be completely paperless in the wake of going Corona virus pandemic. The Cabinet Committee on Parliamentary Affairs has recommended that the budget session of Parliament is to be held in two phases. This would be […]
Why government needs to introduce a separate Section for repayment of home loan in ensuing budget With the skyrocketing prices of real estate, it is almost impossible for a young couple for buy house of their own without taking a home loan. The average ticket size home loan has also gone up steadily in the […]
We have not noticed any heed being extended towards various issues and possible solutions we have proposed through those representations to your good selves and it gives an impression to us that the same were safely brushed aside by your ministry.
Life is full of uncertainties. The only aspect of life that we can be truly certain about is death. When a person dies, then many things need to be considered by family members like filing of insurance claims, getting legal heir certificate, transfer of properties in the name of legal heir , filing of nomination claims […]
Discover the importance of filing Income Tax Return (ITR) even if your income is below the exemption limit. Learn why it’s crucial to report your total income and claim deductions.
Detailed Analysis of Tax provisions proposed in Budget 2021 Date: 2nd February 2021 (Time: 5 p.m. to 6 p.m.) Tax Guru in association with Tax Connect is Organizing a 1 Hour Webinar for discussions on ‘Detailed Analysis of Tax provisions proposed in Budget 2021′. The No: of participants would be limited to 300 and it […]
Mumbai Local train services be allowed from the start of services for the day to 7 AM and then again from 12 PM to 4 PM in the afternoon and from 9 PM to closure of local train services for the day with effect from 1st February 2021.
Swatiben Anilbhai Shah Vs DCIT (ITAT Ahmedabad) The solitary issue for adjudication on merits is whether gains arising on sale of certain quantity of shares of a company, namely, Pyramid Siamira Theatre Ltd. (PSTL) by the assessee in the relevant assessment order is required to be taxed under the head ‘capital gains’ as offered by […]
