Brought forward depreciation loss can be set off only against business income and cannot be set off against income from any other source

Can a TPO question the commercial expediency of a business transaction?

Banks Can Claim Tax Deductions For Broken Period Interest On HTM Securities If Held As Trading Assets: Supreme Court

Service of the notice u/s 143(2) on the Assessee is a sine qua non or condition precedent for the validity of the Assessment Proceeding

VSVS related CBDT circular: A Short Overview

Shares Income: Should it be classified as Business Income or Capital Gains?

CBDT issues Revised Guidelines for compounding offences under the Income- tax Act, 1961

Guidelines for Compounding of offences under the Income-Tax Act, 1961

Changes in stamp duty rates in Maharashtra effective from 14.10.2024

Revenue shared with franchise doesn’t attract TDS liability U/S 194I if no actual services were rendered: Delhi ITAT

FAQs on TAX DEDUCTED AT SOURCE (TDS) Under GST

An assessee, who has failed to claim ‘Long Term Capital Loss’ in ITR, is allowed to seek revision under Section 264: Gujarat HC

Guidance Note 1/2024 on provisions of the Direct Tax Vivad se Vishwas Seheme, 2024

Partition of a HUF & Income Tax Provision

Revised return can be filed even though it is time barred if it is pursuant to a scheme of amalgamation

LTCG Tax @ 12.50%: 54EC Bonds still a smart Investment?

All the B2B transactions of Metal scrap falling under chapter 72 to 81to attract TDS @2%

Cash deposited during demonetization as unexplained credit: Rejection of books of accounts u/s 145 & Addition u/s 68/69A with 115BBE –