Bombay HC upheld cancellation of a gift deed under Section 23 of the Senior Citizens Act after finding the son failed to fulfil the obligation to care for his parents.
NRIs must file ITR if Indian income exceeds Rs. 4 lakh or to claim excess TDS refunds, with Section 87A rebate unavailable to non-residents.
Section 115BBH taxes VDA gains at 30%, disallows loss set-off, and Section 194S requires 1% TDS on eligible crypto transfers.
Section 50AA taxes specified debt mutual fund units acquired on or after 1 April 2023 at slab rates, regardless of holding period, without indexation.
RNOR under Sections 6 and 6(6) can keep eligible foreign income outside Indian tax during the transition period after an NRI returns to India.
ICAI has invited public comments on the Exposure Draft revising the Guidance Note on Tax Audit under Section 44AB by 25th July, 2025.
Guide to GST on director remuneration, rent, guarantees and company transactions, covering RCM, FCM, Rule 28(2), CBIC circulars and compliance.
Capital gains, business income, foreign assets, directorship and other transactions may make taxpayers ineligible to file ITR-1.
ICAI has declared the CA Foundation May 2026 results with an overall pass percentage of 20.09% and announced the All India top rank holders.
F&O and intraday trading are business income, not capital gains. Know ITR-3, audit thresholds, loss set-off, advance tax and compliance requirements.
