Income Tax25 Landmark Cases on 80P Deduction for Bank-Deposit Interest25 Jun at 6:42 am025 Landmark Cases on 80P Deduction for Bank-Deposit Interest Section 80P(2) empowers co-operative credit societies to claim a 100% deduction…
Income TaxBased upon an inconclusive or tentative opinion of an AO, no breach of Article 265 can be alleged or established: Bombay HC25 Jun at 3:33 am0Based upon an inconclusive or tentative opinion of an AO, no breach of Article 265 can be alleged or established:…
Income TaxOman to be first Gulf country to impose personal income tax25 Jun at 3:01 am0Oman to be first Gulf country to impose personal income tax 1. Oman will become the first country in the…
Income TaxMajor Changes in ITR-1 for FY 2024–25 (AY 2025–26) – Complete Guide24 Jun at 12:21 pm0The Income Tax Department has rolled out a set of significant upgrades to the ITR-1 (Sahaj) form applicable to income…
Income TaxSection 80P Deduction for Credit Co-operative Societies: Complete Legal Update24 Jun at 6:30 am0Section 80P Deduction for Credit Co-operative Societies: Complete Legal Update Section 80P(2) empowers co-operative credit societies to claim a 100%…
Income TaxReassessment, Unexplained Deposits & Section 148A: ITAT Ahmedabad Rules on Limitation & Justification24 Jun at 3:26 am0Reassessment, Unexplained Deposits & Section 148A: ITAT Ahmedabad Rules on Limitation & Justification In a recent and significant ruling, the…
Income TaxCapital Gains Already Taxed in AY 2004–05 — Section 50C Cannot Trigger Tax in AY 2007–08: Madras HC23 Jun at 4:39 am0Capital Gains Already Taxed in AY 2004–05 — Section 50C Cannot Trigger Tax in AY 2007–08: Madras HC OITO…
Income TaxWhen ₹ 10 Kicks You Out of ITR-1: Filing Errors You Must Avoid23 Jun at 3:00 am0When ₹ 10 Kicks You Out of ITR-1: Filing Errors You Must Avoid Query 1] I regularly read the…
Income TaxPresumptive taxation does not bar Sec 68 additions: Mumbai ITAT20 Jun at 3:35 am0Presumptive taxation does not bar Sec 68 additions: Mumbai ITAT ITAT Mumbai Recently have given a ruling that says…
Income TaxDirectorate of Public Grievances (DPG) to cover cases related to taxation20 Jun at 3:14 am0Directorate of Public Grievances (DPG) to cover cases related to taxation 1. Background: Till now complaints involving tax were…
Income TaxHome Truths for Global Indians: Can NRIs Really Claim Capital Gains Exemptions under Sections 54 & 54F?19 Jun at 7:40 am0Home Truths for Global Indians: Can NRIs Really Claim Capital Gains Exemptions under Sections 54 & 54F? With the rise…
Income TaxLower or Nil TDS Certificate: A Lifeline for NRIs to Avoid Excess Tax Deduction19 Jun at 7:17 am0Lower or Nil TDS Certificate: A Lifeline for NRIs to Avoid Excess Tax Deduction Non-Resident Indians (NRIs) investing in India,…
Income TaxSending Money Abroad from India: A Practical Guide for NRIs and PIOs19 Jun at 3:41 am0Sending Money Abroad from India: A Practical Guide for NRIs and PIOs When it comes to sending money out…
Income TaxICAI to Cap Tax Audits at 60 Per Partner: A Move Toward Fairer Practice19 Jun at 3:20 am0ICAI to Cap Tax Audits at 60 Per Partner: A Move Toward Fairer Practice In a bold step aimed at…
Income TaxIs deduction U/S 54F available in case the construction of new house commences before the sale of capital asset?18 Jun at 2:46 am0Is deduction U/S 54F available in case the construction of new house commences before the sale of capital asset? 1. …
Income TaxROC Bangalore imposed a penalty of Rs. 50 Lakh on Directors for Non – Disclosure of “Related Party Transactions” – Section 188 of the Companies Act – 201317 Jun at 9:51 am0 ROC Bangalore imposed a penalty of Rs. 50 Lakh on Directors for Non – Disclosure of “Related Party Transactions” –…
Income TaxNo penalty under Section 272A(1)(d) when Assessment Completed u/s 143(3)16 Jun at 6:20 am0No penalty under Section 272A(1)(d) when Assessment Completed u/s 143(3) Judiciary has repeatedly held that no penalty under Section…
Income TaxSet-Off of STT-Paid Losses Against 30% STCG is Allowed: ITAT Mumbai16 Jun at 4:29 am0Set-Off of STT-Paid Losses Against 30% STCG is Allowed: ITAT Mumbai iShares ESG Aware MSCI ETF (ITA No. 2072/Mum/2025) Facts:…