Whether 20% or 12.50% – How the New LTCG Rules Play a Surcharge Trick!
Whether 20% or 12.50% – How the New LTCG Rules Play a Surcharge Trick! When the Finance Minister first…
Income Tax
FAQ on 20% Vs. 12.50 % Tax Rate on Long-Term Capital Gains on Immovable Property
FAQ on 20% Vs. 12.50 % Tax Rate on Long-Term Capital Gains on Immovable Property 1. What exactly changed…
Carry-Forward Losses Face New Hurdle in the new Income Tax Bill: The 51% ‘Same Person’ Requirement
Carry-Forward Losses Face New Hurdle in the new Income Tax Bill: The 51% ‘Same Person’ Requirement Under the current…
Section 54F Relief Cannot Be Denied Just Because Sale Deed Wasn’t Registered in Time
Section 54F Relief Cannot Be Denied Just Because Sale Deed Wasn’t Registered in Time The Surat Bench of the Income…
CIT(E) Must Grant Approval Even If Institute Applied for Wrong Registration Under Section 10(23C): ITAT Chandigarh
CIT(E) Must Grant Approval Even If Institute Applied for Wrong Registration Under Section 10(23C): ITAT Chandigarh A recent ruling…
Return not processed U/s 143(1)(a), whether still notice under section 143(2) can be issued?
Return not processed U/s 143(1)(a), whether still notice under section 143(2) can be issued? As per section 143(2), notice has…
When the Income Tax Department Sends You a RERA Mail — A Case of Data Use or Data Misuse?
When the Income Tax Department Sends You a RERA Mail — A Case of Data Use or Data Misuse? In…
NEW ITR MANDATE: Report Exact Transfer Date of Capital Assets for AY 2025–26 to Avoid Scrutiny
NEW ITR MANDATE: Report Exact Transfer Date of Capital Assets for AY 2025–26 to Avoid Scrutiny In a significant move…
Reassessment Without Fresh Evidence is Invalid: ITAT Rules in Favour of Samtel India Ltd
Reassessment Without Fresh Evidence is Invalid: ITAT Rules in Favour of Samtel India Ltd No Fresh Material, No Reopening:…
Benami Account & Accommodation Entry: Tribunal Upholds Sham Transaction as Classic Benami Case
Benami Account & Accommodation Entry: Tribunal Upholds Sham Transaction as Classic Benami Case Introduction In a significant ruling with…
Decoding L1–L4 Non-Company Entity Classifications: A Practical Guide for Chartered accountants
Decoding L1–L4 Non-Company Entity Classifications: A Practical Guide for Chartered accountants The Institute of Chartered Accountants of India (ICAI) has…
₹1,300 Crore Property Disclosure Scam Unearthed at Nagpur’s Hingna Registry Office:
₹1,300 Crore Property Disclosure Scam Unearthed at Nagpur’s Hingna Registry Office: Large scale non reporting of SFT: 1. In…
When 26AS Says One Thing and AIS Says Another – Who Do You Trust!
When 26AS Says One Thing and AIS Says Another – Who Do You Trust! [Query 1] ITR filing due…
Decoding L1–L4 Non-Company Entity Classifications: A Practical Guide for Chartered accountants
Decoding L1–L4 Non-Company Entity Classifications: A Practical Guide for Chartered accountants The Institute of Chartered Accountants of India (ICAI)…
Changes in Online Filing of Form No. 35 (Appeal before CIT(A))
Changes in Online Filing of Form No. 35 (Appeal before CIT(A)) If you’re filing appeals before the Commissioner of Income…
TRUST FOR THE BENEFIT OF PARTICULAR GROUP AND NOT GENERAL PUBLIC NOT ENTITLED FOR REGISTRATION
TRUST FOR THE BENEFIT OF PARTICULAR GROUP AND NOT GENERAL PUBLIC NOT ENTITLED FOR REGISTRATION Ahmedabad ITAT holds registration under…
When Cash Talks, Taxman Listens: HC Upholds I-T Department’s Right to Retain Seized Money Under Section 132A
When Cash Talks, Taxman Listens: HC Upholds I-T Department’s Right to Retain Seized Money Under Section 132A In a…
Govt Withdraws Income-tax Bill, 2025: A Pause Before the Big Tax Rewrite
Govt Withdraws Income-tax Bill, 2025: A Pause Before the Big Tax Rewrite In a surprising yet significant move, the…
