Filter Posts

Explore the comprehensive Pre Budget Memorandum 2024-25 addressing crucial aspects like tax base expansion, avoidance mitigation, and litigation reduction. This strategic roadmap outlines proposals for a fair, responsive, and growth-oriented tax ecosystem, providing insights into improving India's taxation framework...

Prepare for the Income Tax Season amidst the rainy season with these essential tips. Ensure timely filing and accuracy in your ITR to avoid penalties. Read more!...

Navigate moonlighting taxes efficiently. Learn how to file ITR, manage extra income, and avoid penalties in our comprehensive guide for moonlighters in India....

दिल्ली आयकर प्राधिकरण ने माना कि परिवार की हैसियत और माता-पिता के पास रखा सोना मान्य हो सकता है, भले ही वह आयकर सर्कुलर की सीमा से अ�...

Understand the tax implications of surplus on redemption of zero-coupon NCDs: Is it interest income or capital gains? Learn from recent rulings and expert analysis....

In Section 56(2)(viib) of Income Tax Act, Assessing Officer's wide discretion on valuation faces constraints from rules and tribunal judgments. This article explores three issues: changing valuation methodology, challenging FMV due to lack of documents, and rejecting Discounted Cash Flow based on cash flow variations....

Discover the Assessing Officer's authority to challenge valuations under Section 56(2)(viib). Learn about valuation methods, legal precedents, and implications for businesses....

Understand income tax notices, their reasons, and how to respond. Learn to authenticate notices online and avoid penalties with timely action and compliance....

Learn key considerations when preparing tax returns from AIS/TIS. Ensure compliance by reporting all income, including transactions not in AIS/TIS....

Discover everything about Income Tax Deduction under Section 80C - eligibility, qualifying investments, maximum deduction, and more. Get insights for smarter tax planning....