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India's income tax laws are subject to periodic revisions. Read Our Latest News and Updated on Income-tax, Articles on income tax India to understand income tax slab, Income tax e-filing, income tax refund, income tax return, income tax act, income tax e payment, etc

Latest Articles


Tax deduction at Sources (TDS) on Commercial Business Income

Income Tax : Explore the impact of Tax Deducted at Source (TDS) on commercial business income in India. Detailed analysis, rates, compliance, a...

July 17, 2024 1035 Views 0 comment Print

How to calculate Turnover of Futures & Options for Taxation

Income Tax : How to calculate the turnover of Futures & Options (F&O) for taxation purposes, including detailed examples and tax filing require...

July 8, 2024 6249 Views 0 comment Print

Monthly (July-2024) Legal Obligations + Legal updates for India

CA, CS, CMA : Stay informed with February 2024 legal obligations & updates in India. From Income Tax to GST, understand forms, filing dates, & s...

July 4, 2024 28395 Views 1 comment Print

Free Webinar: Analysis of 10 Recent Income Tax Judgments in Favour of Assessee

Income Tax : Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert ana...

July 1, 2024 5556 Views 0 comment Print

Due Date Calendar June 2024

CA, CS, CMA : Stay compliant with tax obligations in May 2024. Check the due dates for income tax, GST, PF, ESI, and more. Get organized with th...

June 3, 2024 7479 Views 0 comment Print


Latest News


Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

Income Tax : Explore the Malad Chamber of Tax Consultants' 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961,...

June 20, 2024 3255 Views 0 comment Print

Live Webinar on Section 43B(h) of Income Tax Act, 1961- MSE Payment

Income Tax : Live Webinar on Section-43B(h) of Income Tax Act, 1961 read with Section-2, 7-8, 15-16-17 of MSMED Act 2006 on 03-03-2024- SundayÂ...

February 26, 2024 9978 Views 0 comment Print

Join Live webinar on Taxation Critical Issues & Solution

Income Tax : Live webinar – Taxation Critical Issues & Solution Did you know our Indian Tax System is extremely vulnerable? Let me te...

February 15, 2024 2415 Views 0 comment Print

Join Live Webinar on Understanding TDS on Purchase/Sale of Property

Income Tax : Join the exclusive webinar on Understanding TDS on Purchase/ Sale of Property under Section 194IA of Income Tax Act, 1961. Many ta...

February 15, 2024 4236 Views 0 comment Print

CBDT notifies Income Tax Return Forms for AY 2023-24 well in advance

Income Tax : CBDT notified Income-tax Return Forms (ITR Forms) for Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2...

February 15, 2023 2955 Views 0 comment Print


Latest Judiciary


Acceptance or Rejection of Books: An Analysis

Income Tax : Explore the impact of book acceptance or rejection on taxation with insights into grounds for rejection and factors favoring accep...

May 13, 2024 942 Views 0 comment Print

Denial of  Sections 80G & 12A Registration: Kerala HC directs reconsideration of Application

Income Tax : Kerala High Court overturns rejection of Snehatheeram Charitable Trust's application for 80G certificate under Income Tax Act, 196...

April 12, 2024 1074 Views 0 comment Print

Vehicle Accident Compensation: HC directs consideration of Average Income

Corporate Law : Karnataka High Court considers income variations in compensation assessment. Detailed analysis of Jayashree Vs Mahaningappa & Othe...

March 31, 2024 390 Views 0 comment Print

Addition u/s 68 deleted as genuineness and creditworthiness of lender proved: ITAT Delhi

Income Tax : ITAT Delhi's order on Trident Towers Pvt. Ltd vs ACIT addresses the deletion of addition under section 68 of the Income Tax Act, c...

March 18, 2024 570 Views 0 comment Print

No Income Tax on Interest-Free Refundable Project Deposit: Andhra Pradesh HC

Income Tax : Explore the Coastal Ceramics vs Union of India case where AP High Court rules that an interest-free refundable security deposit fo...

January 5, 2024 1002 Views 1 comment Print


Latest Notifications


Central Govt Approves Amul R&D Association for Tax Benefits

Income Tax : Notification No. 38/2024-Income Tax: Central Government approves Amul Research and Development Association for tax benefits under ...

April 9, 2024 813 Views 1 comment Print

Income Tax Notification No. 13/2024: Summoning Witnesses for Departmental Inquiry

Income Tax : Explore Notification No. 13/2024 by the Ministry of Finance, Central Board of Direct Taxes. Learn about the summoning of witnesses...

January 19, 2024 1035 Views 0 comment Print

Income Tax Amendment: Latest Changes in ITR-7 Forms

Income Tax : Explore the key amendments in Income Tax Rules, 1962, effective from April 2023. Detailed analysis of ITR-7 Forms modifications an...

October 31, 2023 5115 Views 0 comment Print

CBDT notifies Ten Year Zero Coupon Bond of REC Ltd. under Section 2(48) of Income tax Act, 1961

Income Tax : Read Notification No. 56/2023 under the Income Tax Act, 1961, specifying the details of a zero coupon bond issued by REC Ltd. Lear...

August 1, 2023 3690 Views 0 comment Print

Income Tax Exemption for IFSC Aircraft Leasing under section 10(34B)

Income Tax : The Ministry of Finance has issued Notification No. 52/2023-Income Tax, Dated : 20th July, 2023 under section 10(34B) of the I...

July 20, 2023 2034 Views 0 comment Print


Recent Judgements of Supreme Court on Income Tax Issues

January 22, 2024 8358 Views 1 comment Print

Explore recent Supreme Court rulings (2023) on income tax issues. Highlights of key cases, analysis, and implications.

Income Tax Notification No. 13/2024: Summoning Witnesses for Departmental Inquiry

January 19, 2024 1035 Views 0 comment Print

Explore Notification No. 13/2024 by the Ministry of Finance, Central Board of Direct Taxes. Learn about the summoning of witnesses for the departmental inquiry of Shri Sailendra Mamidi.

Amount Received At The Time Of Maturity of Life Insurance Policy Is Exempt?

January 18, 2024 2259 Views 0 comment Print

Explore Income Tax Act Section 10(10D) exemptions for life insurance maturity payouts. Understand criteria, amendments, and implications.

New house purchased in the name of spouse, eligible for section 54 deduction

January 15, 2024 2775 Views 0 comment Print

ITAT Delhi Bench ruling on eligibility for income tax deduction under Section 54. Learn why a house purchased in the spouse’s name qualifies and understand key considerations.

Summary of Hon’ble ITAT Pune decision on Transfer Pricing in the year 2023

January 9, 2024 1410 Views 0 comment Print

Explore detailed analysis of Hon’ble ITAT Pune decisions in 2023 on transfer pricing, covering allocation of expenses, custom duty, working capital, methods, and more.

No Income Tax on Interest-Free Refundable Project Deposit: Andhra Pradesh HC

January 5, 2024 1002 Views 1 comment Print

Explore the Coastal Ceramics vs Union of India case where AP High Court rules that an interest-free refundable security deposit for project completion is not subject to income tax for AY 2019-20.

HC dismisses writ petition challenging conditional stay on tax demand

December 28, 2023 444 Views 0 comment Print

Read the Kerala High Court judgment on Covenant Stones vs CIT, where the writ petition challenging the conditional stay on tax demand is dismissed. Analysis of undisclosed income assessment provided.

Set-off and adjustment of income tax refund – Section 245 Explained

December 26, 2023 3879 Views 0 comment Print

Learn about income tax refund set-off under Section 245. Discover the process, rights, and implications for taxpayers. Get insights into recent changes and how to respond to adjustments.

A Study of Residential Status of an Individual and Hindu Undivided Family in Accordance To Income Tax Act

December 8, 2023 9192 Views 0 comment Print

Explore the intricacies of residential status under the Income Tax Act in India. Learn about individual and HUF classifications, conditions, and recent amendments.

Vienna Convention in International Taxation: Principles & Implications

December 5, 2023 579 Views 0 comment Print

Explore Vienna Convention’s role in international taxation, focusing on principles like good faith, territorial scope, and treaty interpretation. Learn key insights for navigating Double Taxation Avoidance Agreements (DTAAs).

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