Income Tax Raid at Srinagar : Rs. 105 Crore unearthed

“Adjacent Flat” is “one” House property for capital gain exemption

If prior period expenses include excise duty, payment of such duty is eligible for deduction u/s 43B

TDS Credit if the amount is getting reflected in the 26AS of the next year

Partial withdrawal from National Pension System (NPS) to the extent of 25% of amount contributed is not taxable

What if Property let out to certain company for business purpose but no rent shown to be collected?

Validity of addition under section 50C if no reference is done to valuation officer despite being request made by assessee

Bogus purchase & Tax Impact: An observation in the case of Ilesh Amrutlal Gadhia Vs DCIT by Mumbai ITAT

SUMMARY OF KEY FINDINGS AND RECOMMENDATIONS IN THE CAG’S PERFORMANCE AUDIT REPORT ON INCOME TAX SEARCH AND SEIZURE ASSESSMENTS (Report No.14 of 2020)

Property advance cannot be treated as “Deemed Dividend”

Bombay High Court admits writs challenging the validity of Sections 49, 50CA and 56 of the Income Tax Act, 1961 & Rules 11U, 11UA, 11UAA, 11UAC and 11UAD of the Income Tax Rules, 1962

Finally, Tax Audit Report & Income Tax Return Filing Date Extended

“Please Don’t Extend the date…” : An open Letter by the taxpayers who is looking for better tax administration in the country

CBDT released 724 pages Detailed Instructions for filing ITR forms

Dear Taxpayer, please note that reopening of assessment by income tax officer simply because of information received without application of mind is not valid

GST: Consumables sent on job work consumed in the process of galvanising should be treated as supply in terms of section 143(3)?

Landmark Judgment :Addition deleted by court as it was made under section 68 and not under section 69:

Interest received in advance on discounting of bills against LC is taxable on accrual basis: Madras HC