AIS and TIS Anomalies: When Data Tells a Misleading Story!
AIS and TIS Anomalies: When Data Tells a Misleading Story! [Query 1] First Issue: My Annual Information Statement (AIS) /…
Income Tax
A Short Overview of changes in new ITR-3 and ITR-5 forms for AY 2025-26:
A Short Overview of changes in new ITR-3 and ITR-5 forms for AY 2025-26: Finally, the utility for filing…
Business Loss Set-Off or Capital Gains Gymnastics? HC Says – Let It Flow !
Business Loss Set-Off or Capital Gains Gymnastics? HC Says – Let It Flow ! Taxation has its fair share of…
AO does not have the power to review an order passed under Section 148A(d): Delhi HC
AO does not have the power to review an order passed under Section 148A(d): Delhi HC Baba Global Ltd.…
Important Advisory on AIS imports for ITR Filing
Important Advisory on AIS imports for ITR Filing Many taxpayers are noticing that the same Mutual Fund redemption/sale is…
Income Tax Scrutiny Notices on the Rise: Top Reasons & way forward
Income Tax Scrutiny Notices on the Rise: Top Reasons & way forward Over the last few months, there’s been a…
Another Opportunity granted by ITAT in Section 12A Registration Case
Another Opportunity granted by ITAT in Section 12A Registration Case In a significant ruling, the Income Tax Appellate Tribunal…
Only nominal amount of profit can be earned in circular trading: Gujarat HC
Only nominal amount of profit can be earned in circular trading: Gujarat HC Bogus Purchase v. Circular trading…
How AI is Helping the Income Tax Department Tackle Tax Evasion in India
How AI is Helping the Income Tax Department Tackle Tax Evasion in India The Income Tax Department in India has…
Valuation Certification in Buy-Back by Private Companies: Chartered Accountant or Registered Valuer?
Valuation Certification in Buy-Back by Private Companies: Chartered Accountant or Registered Valuer? In the world of corporate finance, buy-back of shares by…
Loans or Cash Credits as Deemed Income under Section 68: A Practical Perspective
Loans or Cash Credits as Deemed Income under Section 68: A Practical Perspective By CA Naresh Jakhotia When it…
Whether charging abnormally high rate is an offence in India?
Whether charging abnormally high rate is an offence in India? Query: Can you let me know if it is an…
Bank Nomination Blues? Now You Can Say “We 4” Instead of “Me 1”!
Bank Nomination Blues? Now You Can Say “We 4” Instead of “Me 1”! Until recently, bank nomination rules were like…
Reassessment Notice Beyond “Surviving Period” Held Time-Barred: ITAT Chennai in Smt. L.N. Santhi’s Case
Reassessment Notice Beyond “Surviving Period” Held Time-Barred: ITAT Chennai in Smt. L.N. Santhi’s Case Introduction In a landmark ruling,…
Relief Without the 20%: Karnataka HC’s Landmark Ruling on Stay of Demand Offers Practical Breather to Taxpayers
Relief Without the 20%: Karnataka HC’s Landmark Ruling on Stay of Demand Offers Practical Breather to Taxpayers Introduction In a…
Un-utilized Input Tax Credit (ITC) remaining after payment of all tax, interest, and penalties must be refunded to the taxpayer upon closure of business: Sikkim High Court
Un-utilized Input Tax Credit (ITC) remaining after payment of all tax, interest, and penalties must be refunded to the taxpayer…
Receipts from outside India are outside the scope of Section 5(2) and do not fall within the ambit of Section 68 or 69A.
Receipts from outside India are outside the scope of Section 5(2) and do not fall within the ambit of Section…
Section 56(2)(x) talks about immoveable property and so Purchase of Rural agricultural land below its stamp duty valuation is taxable
Section 56(2)(x) talks about immoveable property and so Purchase of Rural agricultural land below its stamp duty valuation is taxable…
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