1. Further to the article Capital Gain Tax Exemption on Residential Property: Land Mark Judgment PART A, This article delves into landmark judgments clarifying capital gains tax exemptions and related provisions under the Income Tax Act, 1961. Key rulings include the Mumbai Tribunal’s decision in Abdul Nayab Sheik v. ITO (2024), where it was held […]
ITAT Ahmedabad rules that cost of improvement to make a house livable qualifies for capital gains deduction. Penalty on disallowed expenses also canceled.
Deadline for filing GSTR-3B for December 2024 extended to Jan 22, 2025. QRMP filers’ due dates vary by state: Jan 24 or Jan 26, 2025. Details inside.
Indian residents must disclose foreign assets and income in their ITRs. Learn the rules, penalties for non-compliance, and filing updates for FY 2023-24.
India’s dual tax regimes create complexities for taxpayers. A unified tax system blending deductions and concessional rates aims to simplify and rationalize taxation.
Learn how to file Schedules FSI, TR, and FA in Indian ITRs. Understand foreign income, tax reliefs, and asset disclosures to ensure compliance and avoid penalties.
Explore major GST developments in 2024, including amendments, GSTAT formation, Supreme Court rulings, and more shaping India’s GST landscape.
CBIC extends GSTR-8 filing deadline for e-commerce operators under GST Act for December 2024 to January 12, 2025. Ensure timely compliance.
CBIC extends the GSTR-7 filing deadline for TDS deductors under GST Act and Rules for December 2024 to January 12, 2025.
CBIC extends the deadline for Input Service Distributors to file GSTR-6 for December 2024 to January 15, 2025, under the GST Act and Rules.
