CA, CS, CMA : A comprehensive guide covering 175 legal compliances for July 2026 under FEMA, Income Tax, GST, SEBI, Companies Act, Labour Laws, ...
Income Tax : The Income-tax Act does not prescribe a single definition of "relative" for all purposes. Different provisions such as Sections 13...
Income Tax : Understand when 1% TDS applies on purchase of immovable property under Section 194-IA. Learn the Rs. 50 lakh threshold, compliance...
Income Tax : This guide explains when NRIs should use Form 128 and when payers should use Form 129 to reduce or eliminate excess TDS. It also c...
Income Tax : The article argues that Section 58(3) of the Income-tax Act, 2025 does not independently mandate books of account or tax audit for...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
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 : The government informed Parliament that taxpayer-specific details of income tax searches cannot be disclosed due to confidentialit...
Income Tax : The Government clarified that the new income tax search provision does not expand powers or permit AI-based digital surveillance, ...
Income Tax : The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate re...
Income Tax : Madras HC set aside cognizance under the Income-tax Act, holding Section 223(1) BNSS mandates hearing the accused before cognizanc...
Income Tax : ITAT Mumbai quashed reassessment after finding no Section 143(2) notice and that the AO issued a final order disguised as a draft ...
Income Tax : Gujarat HC quashed a Section 148 notice, holding that a seized inquiry register without a live nexus to the assessee cannot justif...
Income Tax : Gujarat HC quashed Section 148 reassessment as it was issued beyond Section 149 limitation, holding Section 152(3) applies to sear...
Income Tax : Madras HC held that merely issuing a corrigendum acknowledging the return did not rectify the defective assessment process and ord...
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...
Income Tax : The Principal Chief Commissioner of Income Tax (Exemptions) approved the company under Section 35(1)(iia) for scientific research ...
Income Tax : The government enforced a tax collection assistance agreement with Japan effective from 8 July 2025. The notification enables cros...
Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
This comprehensive FAQ guide explains the basics of income tax, including taxable income, previous year, assessment year, tax payment methods, and return filing obligations. It also covers practical compliance requirements and taxpayer responsibilities under the Income-tax Act.
This guide explains when Section 206AA requires TDS at a higher rate due to non-furnishing of PAN and the applicable exceptions. It also highlights the reduced rate available for deductions under Sections 194-O and 194Q.
The article explains how ESOP taxation in unlisted companies occurs at both exercise and buyback stages. It highlights perquisite taxation, capital gains, and the importance of proper tax planning.
This FAQ covers all ten notified ICDS, explaining their scope, applicability, disclosures, and treatment of various tax-related transactions. It serves as a consolidated reference for ICDS compliance under the Income-tax Act.
The Calcutta High Court held that Section 115JB was not applicable to Assessment Year 2011-12 as it became effective only from Assessment Year 2013-14. The appeal was dismissed in favour of the assessee.
The Gujarat High Court set aside the reassessment proceedings after holding that they were founded on an undated and uninvestigated complaint without any direct link to the petitioner. The Court found the reopening to be based on conjectures and surmises.
The Bombay High Court held that sanction under Section 151(i) instead of Section 151(ii) for AYs 2016-17 and 2017-18 rendered reassessment notices invalid. It also quashed the consequential assessment orders and demand notices.
The Karnataka High Court held that filing a revision petition under Section 264 established the assessee’s knowledge of the tax demand. It upheld the refusal to condone the delay of about eight years in filing the appeal before the CIT(A).
This guide compares the Old and New Tax Regimes, explaining differences in deductions, exemptions, home loan benefits, and standard deductions. It emphasizes that taxpayers should compare both regimes before filing their income tax return.
The article explains how different interpretations of Section 112 may produce either nil tax or a positive tax liability for the same transaction. It notes that the issue remains open pending clarification or judicial determination.
