It is mandatory to provide 1 month gap between ITR (audit) date and Tax Audit date: Gujarat HC on date extension petition
It is mandatory to provide 1 month gap between ITR (audit) date and Tax Audit date: Gujarat HC on date…
Income Tax
Can F&O loss be set off against capital gains?
Can F&O loss be set off against capital gains? Question: Whether loss incurred from trading in futures and options…
Whether employees of Government PSUs can be treated as Government employees for the purpose of income-tax exemptions on retirement benefits?
Whether employees of Government PSUs can be treated as Government employees for the purpose of income-tax exemptions on retirement benefits? Whether employees of Government PSUs…
Smart Taxpayers Don’t Evade – They Strategize!
Smart Taxpayers Don’t Evade – They Strategize! Many taxpayers today believe that the era of tax planning is over.…
A Win for Real Estate: ITAT, Nagpur Confirms Retrospective Application of 10% Tolerance Band for Sec. 43CA
A Win for Real Estate: ITAT, Nagpur Confirms Retrospective Application of 10% Tolerance Band for Sec. 43CA In a significant case…
Samadhan Portal to be discontinued – Delayed payments cases of MSEs now to be filed on ODR portal
Samadhan Portal to be discontinued – Delayed payments cases of MSEs now to be filed on ODR portal All…
A Traveler’s Guide to Gold purchase and Import: Understanding Indian Customs Rules and Recent Court Relief
A Traveler’s Guide to Gold purchase and Import: Understanding Indian Customs Rules and Recent Court Relief For many Indians,…
Short overview of key amendments in Form No. 3CD for AY 2025-26
Short overview of key amendments in Form No. 3CD for AY 2025-26 The most recent and significant amendments to…
Goodbye Office, Hello Taxman! A Cheerful Guide to Tax-Free Retirement Perks!
Goodbye Office, Hello Taxman! A Cheerful Guide to Tax-Free Retirement Perks! There comes a day in every salaried person’s…
Nagpur ITAT slams ‘Cryptic Order,’ Deletes ₹50 Lakh Addition- Entry in the name of director cannot be added in the hands of the company
Nagpur ITAT slams ‘Cryptic Order,’ Deletes ₹50 Lakh Addition- Entry in the name of director cannot be added in the hands…
Gratuity & LTC Received at the time of Retirement – Exemption Limits & Relevant Section
Gratuity & LTC Received at the time of Retirement – Exemption Limits & Relevant Section Applicable section Exemption of…
Interest on Borrowings for Capital Reduction Held Deductible under Section 36(1)(iii): ITAT Mumbai
Interest on Borrowings for Capital Reduction Held Deductible under Section 36(1)(iii): ITAT Mumbai N.V. Projects Pvt. Ltd. v. DCIT…
No Revision of Returns through Appeals: Kerala HC on Additional Evidence in 69A Cases
No Revision of Returns through Appeals: Kerala HC on Additional Evidence in 69A Cases SRAVAN KUMAR NEELA vs. Assistant…
Once purchases are held to be bogus, the entire amount claimed cannot be whittled down by estimating a profit element
Once purchases are held to be bogus, the entire amount claimed cannot be whittled down by estimating a profit element…
Double Pension, Single Tension: The Tale of Form 26AS Confusion!
Double Pension, Single Tension: The Tale of Form 26AS Confusion! [Query 1] I retired on 31st Jan 2024 and up…
A Win for Real Estate: ITAT, Nagpur Confirms Retrospective Application of 10% Tolerance Band for Sec. 43CA
A Win for Real Estate: ITAT, Nagpur Confirms Retrospective Application of 10% Tolerance Band for Sec. 43CA In a significant case…
ITAT Nagpur on Section 80P: When “Operational Funds” Don’t Become “Other Income”
ITAT Nagpur on Section 80P: When “Operational Funds” Don’t Become “Other Income” Case: Jalsampda Karmchari Sahakari Patsanstha Maryadit vs.…
Judicial Interpretation of Sections 54/54F: Commencement of Construction and the Limits of Extension:
Judicial Interpretation of Sections 54/54F: Commencement of Construction and the Limits of Extension: 1. Section 54 Relief when a residential…
