Income Tax : Learn about deductions allowed under Section 57 of the Income Tax Act, 1961, for income from other sources, including family pensi...
Income Tax : This blog explores the implications of this tax policy, the distinction between games of skill and chance, the applicability of Ta...
CA, CS, CMA : Explore 375 key legal compliances and updates across FEMA, Income Tax, and GST for March 2025. Stay informed on filing deadlines a...
Income Tax : Learn about TDS on payments to non-residents, including business connection rules, royalty provisions, and significant economic pr...
Finance : Explore key tax reforms in the latest Finance Government Budget. Learn about tax exemptions, TDS relief, MSME support, and investm...
Goods and Services Tax : The government awaits GST Council recommendations on Jeevan Rakshak life insurance GST reduction. No proposal exists for additiona...
Goods and Services Tax : Online gaming tax collection lacks specific tracking. Govt issued notices for ₹1.43 lakh crore. GST at 28% applies to real money...
Income Tax : The Income Tax Bill 2025 aims to simplify tax laws with no major policy changes. It enhances clarity, reduces ambiguities, and ali...
Income Tax : Corporate tax revenue distribution follows Finance Commission guidelines, with states receiving 41% of shareable taxes. Incentives...
CA, CS, CMA : Get the latest Income Tax and GST notifications, updates, and circulars from February 10 to 16, 2025, including ITR filing deadlin...
Income Tax : ITAT Cochin remands Thrissur Co-op Society’s demonetization cash deposit case to CIT(A) for a fresh decision on merits after ex-...
Income Tax : ITAT Cochin sends penalty case back to AO as CIT(A) failed to address immunity plea for late Form 28 filing....
Income Tax : GAIL India’s ITAT Delhi appeal for AY 2018-19 was dismissed after opting for the Vivad Se Vishwas Scheme. Learn about the procee...
Income Tax : ITAT Lucknow rules that additions under Section 68 require incriminating evidence. ₹2 crore cash credit addition against Ocean D...
Income Tax : ITAT Cochin rules that income tax notices via ITBA portal are invalid, remands Narayana Sales' business expense disallowance case ...
Income Tax : CBDT allows data sharing with Delhi's IT Dept. for social welfare scheme identification under Income Tax Act Section 138. Read the...
Income Tax : Finance Ministry specifies Power Finance Corporation Ltd.'s ten-year zero coupon bond with Rs. 49,546 discount, for Income-tax Act...
Income Tax : Delhi Building and Other Construction Workers Welfare Board receives tax exemption on cess, fees, and interest income under Sectio...
Income Tax : CBDT extends the due date for filing Form 56F under Section 10AA(8) and 10A(5) of the Income-tax Act, 1961, to March 31, 2025, for...
Income Tax : The Central Government notifies Punjab RERA for tax exemption under Section 10(46A) of the Income-tax Act, effective from the 2024...
The government awaits GST Council recommendations on Jeevan Rakshak life insurance GST reduction. No proposal exists for additional tax deductions.
Learn about deductions allowed under Section 57 of the Income Tax Act, 1961, for income from other sources, including family pension, interest, and rental income.
CBDT allows data sharing with Delhi’s IT Dept. for social welfare scheme identification under Income Tax Act Section 138. Read the latest notification.
This blog explores the implications of this tax policy, the distinction between games of skill and chance, the applicability of Tax Deducted at Source (TDS) on winnings, and the compliance challenges faced by the industry.
ITAT Cochin remands Thrissur Co-op Society’s demonetization cash deposit case to CIT(A) for a fresh decision on merits after ex-parte dismissal.
ITAT Cochin sends penalty case back to AO as CIT(A) failed to address immunity plea for late Form 28 filing.
GAIL India’s ITAT Delhi appeal for AY 2018-19 was dismissed after opting for the Vivad Se Vishwas Scheme. Learn about the proceedings and decision details.
ITAT Lucknow rules that additions under Section 68 require incriminating evidence. ₹2 crore cash credit addition against Ocean Dream Infrastructures is deleted.
ITAT Cochin rules that income tax notices via ITBA portal are invalid, remands Narayana Sales’ business expense disallowance case for fresh hearing.
ITAT Raipur dismisses appeal against ₹81.44 lakh addition for alleged bogus purchases due to a 125-day delay without a condonation request.
