TDS U/s 194Q required even if the seller has done TCS U/s 206C(1H): Need for amendment in Income Tax Act in view of the SC ruling in Ahmedabad Urban Development Authority

Circulars are binding upon departmental authorities only if they advance a proposition within the framework of the statutory provision: Supreme Court  

Liability of TDS payment cannot be shifted by Mutual Agreement

Income Tax Department conducts search actions in Karnataka

“Otherwise” in section 45(4) includes Revaluation of the Asses without dissolution: Supreme Court

An Apt Pre-Budget Memorandum 2023-24 By Chartered Accountants Association Surat

Cessation of liability and income tax u/s 41(1) of the Income-tax Act,1961 vis a vis Limitation Act 1963

Wrong Claim in the ITR & power of Rectification U/s 154

Penalty Notice: Where specific charges are not levelled, the notice would be defective and need to be quashed

Cash gift during marriage & income Tax Applucability

Deduction towards Health Insurance & Health Expenses in the Income Tax Act

Revaluation of the Asses by the partnership firm attracts Capital Gain Tax: Supreme Court

DTAA amendment by Australia may come into effect from 1st April:

I – T raidsin Chhattisgarh make glaring revelations

Assessee eligible to get interest on refund arising due to recomputation of income by AO: HC

Tax Dept. conducts search on group engaged in business of gold & diamond jewellery and real estate

Sec. 43CA amendment increasing safe harbour limit from 5% to 10% on sale of immovable property has retrospective effect

Eligibility for becoming ITAT Member: Supreme Court Issues Notice On Challenge Against Provision Requiring Chartered Accountants to Have 25 Yrs Minimum Experience