If a person has only agricultural income and no other income, then no addition can be made to the total income unless and until the AO proves that the assessee has any other source of income which is taxable under the Income-tax Act: ITAT

Bogus Purchase: Additions have to be limited to the extent of bringing the G.P. rate on purchases at the same rate of other genuine purchases.

Punjab State Budget at a Glance

What if PAN is not linked with Aadhar by 31st Mar:

Crypto & NFT businesses are now ‘reporting entities’ under the Prevention of Money-Laundering Act (PMLA).

Bombay High Court has again directed Revenue to take requisite steps to curb litigation in the absence of the Goods and Services Tax (GST) Appellate Tribunal

Transfer of Virtual Digital Assets to be governed under the Prevention of Money Laundering Act of 2002

New Tab “Comply to Notice” is introduced at the Income Tax E – Portal

High-pitched tax demand of Rs. 1140 crore on OYO and Stay petitionz

TDS Not Deposited By Employer, Can’t Be Adjusted Against Future Refund Due To Assessee: Delhi High CourtTDS Not Deposited By Employer, Can’t Be Adjusted Against Future Refund Due To Assessee: Delhi High Court

Delay in filing of Form 67 in relation to Foreign Tax Credit under rule 128 is merely a procedural defects: ITAT

SCN must clearly mention specific reason for which the action is being taken

Avail of option for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA)

Business Support Services are not FTS as per DTAA between India and Netherland: ITAT Delhi

Rare Conviction for failure to file audit, MD jailed

Proposal for Maharashtra VAT Amnesty Scheme by BJP CA Cell, Mumbai

Making March Meaningful – Tax caution before 31st March Ends

No opportunity to cross-examine persons on whose statement department is relying, Addition deleted by Chandigarh ITAT