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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 : A new digital framework is suggested to replace manual Form 121 processes and streamline TDS exemption declarations. The proposal ...
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 : 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 : The Tribunal confirmed addition of unexplained investments where the assessee could not substantiate the source of deposits. The r...
Income Tax : The Tribunal held that wage arrears arising from pay revision constitute an accrued liability from the effective date. The provisi...
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...
The Karnataka High Court has quashed a criminal case against a taxpayer, ruling that he was not responsible for tax evasion and fraudulent acts committed by his Chartered Accountant.
ITAT Ahmedabad rules that a charitable organization’s application for tax exemption cannot be rejected solely due to a technical error in form submission without a hearing.
Examines Section 148 notices for reassessment under the Income-Tax Act, detailing scope, time limits, procedural safeguards, and judicial precedents.
An analysis of Section 142 of the Income-tax Act, 1961, detailing the powers of the Assessing Officer, statutory limitations, and remedies available to taxpayers.
Examines the tax implications of employer-funded education, covering employer deductions and employee taxation. Includes analysis of key judicial precedents and practical advice.
The ITAT Jaipur ruled that cash deposits explained by recorded sales cannot be added solely on an uncorroborated survey statement, upholding assessee’s appeal.
Explore the different types of assessments under the Income Tax Act, 1961, including self-assessment, regular assessment, and best judgment assessment for taxpayers in India.
An overview of Section 143(2) of the Income-tax Act, 1961, covering the purpose of the notice, statutory time limits, judicial constraints, and procedural steps.
An analysis of Sections 263 and 264 of the Income-tax Act, 1961. It details the conditions, scope, and judicial precedents for these revisional powers.
The Karnataka High Court has acquitted an assessee, holding he cannot be criminally prosecuted for tax evasion when his Chartered Accountant fraudulently manipulated a payment challan after receiving the full tax amount.
