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Whether Interest income need to be excluded while calculating the book profit for calculating the remuneration to partners?

If taxpayers has a history of cash sales, Cash deposited in bank during demonetization cannot be treated as unexplained money

TDS Mismatch while filing income tax Return: Issue & Solution

New mechanism to claim TDS credit, where TDS credit was deducted in the subsequent year and income was claimed in the previous year:

Investment in Start Up: Reply to Ashneer Grover query by Income Tax Deptt.

Housing loan deduction not claimed in the original ITR filed – Can it be claimed by filing application U/s 154?

Non Service of notice U/s 143(2) at the registered email id is bad in law – Cases remanded back for deciding it’s validity

ITAT Mumbai directs AO to share information of money laundering operations with various agencies:

NFRA imposes fine of Rs. 5 Lakh on CA, also debarred for 5 years

Procedure to be followed with respect to section 83(2) of CGST Act, 2017 when provisional attachment of property ceases to have effect

CBDT reiterates commitment for speedy ITR processing, highlights reasons behind pendency

Original Return not filed: Section 80P deduction can be claimed while filing return Response to Notice under Section 148

Revised 2023 Tax Audit Guidance Note by ICAI

Tax Compliance Chart for August 2023

Commission payment cannot be disallowed without any allegation regarding genuineness: Bombay HC

Impact of CBDT instruction post Abhisar SC Judgement

Whether loss from sale of Shares in off market transaction can be set off against LTCG in stock exchange

Whether section 80C & 80D deduction can be claimed by filing application U/s 154?

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This is an online news portal for tax news, updates, articles, judgments, Circulars, Notification and orders with regards to Indian Taxation Laws. ‘Simplifying the TAX & creating awareness about tax laws is the main motto of the Team theTAXTALK.

Recent Posts

  • “The issue is not merely of convenience but of audit quality” – Representation for Early Extension of the Tax Audit Report filing Due Date Extension by THE TAX TALK
  • Section 147A: Supreme Court Steps In — What Does It Mean for Reassessment Proceedings?
  • Section 277: When a False Tax Statement Becomes a Criminal Offence
  • CBDT Removes Arrest & Detention from Tax Recovery Rules; Extends Registration Deadline for Valuers
  • Representation for extension of the specified date for furnishing Tax Audit Reports u/s 44AB and other audit reports for AY 2026-27 from 30 September 2026 to 31 October 2026, and of the return due date in audit cases from 31 October 2026 to 30 November 2026

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