Income Tax : An analysis of trust taxation under the Income Tax Act, including Finance Bill 2025 amendments, tax exemptions, anonymous donation...
CA, CS, CMA : This article explains the GST implications of rental income and provides an overview of the different types of income tax assessme...
Income Tax : Explore how AI transforms educational assessments through personalized learning, improved accuracy, and real-time feedback, addres...
Income Tax : Explore how Section 170 of Income Tax Act applies to post-amalgamation assessments, with key judicial decisions and implications f...
Income Tax : Understand the time limits for issuing income tax notices and completing assessments, including updates from the Finance Acts of 2...
Income Tax : Read KSCAA's representation to the Commissioner of Income Tax, addressing practical issues faced by taxpayers and suggesting solut...
Income Tax : In view of Indiscriminate notices by income Tax Department without allowing reasonable time it is requested to Finance Ministry an...
Income Tax : Lucknow CA Tax Practicioners Association has made a Representation to FM for Extension of Time Limit for Assessment cases time bar...
Income Tax : While uploading Manual order for the A Y 2017-18 user is getting the following message: Manual Order cannot be uploaded for this P...
Income Tax : Tax collections increased from Rs 6.38 Lakh Crore in year 2013-14 to almost Rs 12 Lakh Crore this year 80% growth in tax base; n...
Income Tax : In a case of BVM Global Education Trust vs Assessment Unit, Madras High Court declares computation sheet and demand notice invalid...
Income Tax : Read about the Madras High Court's order for rectification of an income tax assessment order regarding addition on sale considerat...
Income Tax : Kerala High Court nullifies Income Tax assessment order for 2016-17 after petitioner couldn't attend video conferencing due to tec...
Income Tax : Read about the Madras High Court's decision in Rakesh Beniyal Vs ITO case, where the court dismissed a writ petition challenging a...
Income Tax : Kerala High Court rules that an income tax assessment order passed on an old PAN is appealable even if a new PAN is issued, provid...
Income Tax : Standard Operating Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU) unde...
Income Tax : CBDT hereby specifies that all the assessment proceedings pending as on 31.03.2021 and the assessment proceedings initiated on or ...
Income Tax : Faceless Appeal Scheme has been implemented in ITBA and the allocation of cases to Faceless Appeal units is under progress. A numb...
Income Tax : CBDT notifies Prescribed Authority under Section 133C with effect from 13th August, 2020 vide Notification No. 66/2020, Dated: Aug...
Income Tax : CBDT notifies 4195 Income-tax Authorities of Regional e-Assessment Centres to exercise the powers and functions of Assessing Offic...
Kerala High Court nullifies Income Tax assessment order for 2016-17 after petitioner couldn’t attend video conferencing due to technical issue. Full judgment analysis.
Read about the Madras High Court’s decision in Rakesh Beniyal Vs ITO case, where the court dismissed a writ petition challenging an assessment order related to a disputed bank account opening and transactions, stating that such disputed facts are not suitable for Article 226 proceedings.
Kerala High Court rules that an income tax assessment order passed on an old PAN is appealable even if a new PAN is issued, provided the old PAN is active.
Kerala High Court nullifies income tax assessment orders due to a breach of natural justice. Details of the case and implications.
Explore impact of high-pitch assessments in income tax on small taxpayers. Learn challenges they pose, the need for fairness, and solutions for a transparent taxation system.
Legal responsibilities of deceased’s representatives in income tax proceedings. Learn about Section 159 and key judgments shaping the assessment process
Read KSCAA’s representation to the Commissioner of Income Tax, addressing practical issues faced by taxpayers and suggesting solutions. Recommendations focus on fair assessments and reducing appeals.
Explore the nuances of Income Tax Assessment for Associations of Persons (AOP) and Bodies of Individuals (BOI) for the Assessment Year 2024-2025. Understand the computation of Gross Total Income, available deductions, applicable tax rates, and special incomes. Delve into the amendments proposed in the Finance Act 2023, including the introduction of Section 115BAC with revised tax rates. Stay informed about the latest tax slab for AOP and the surcharge rates. Get expert insights into the amendments and their implications.
Explore the assessment procedures for partnership firms in the upcoming years 2022-2023 to 2024-2025. Understand key provisions under Sections 2(23), 184, and 185 of the Income-tax Act, along with detailed computations for total income and book profit. Stay informed about tax rates, deductions, and amendments introduced by the Finance Act 2023. Keep your partnership firm tax-compliant with this comprehensive guide.
Understand Income Tax Assessment for Co-operative Societies, covering definitions, computation of total income, deductions under Section 80P, rates for AY 2022-23, 2023-24, and the new Section 115 BAE introduced in AY 2024-25. Explore proposed benefits and recent tax reforms for cooperative societies.
