Form INC-20A: A Critical Compliance for Newly Incorporated Companies
Form INC-20A: A Critical Compliance for Newly Incorporated Companies What is Form INC-20A? Form INC-20A is a declaration that…
Income Tax
Where the assessee did not understand technical details while filing ITR but paid tax before 148 notice, penalty cannot be levied: ITAT
Where the assessee did not understand technical details while filing ITR but paid tax before 148 notice, penalty cannot be…
The Income Tax Department has launched a large-scale crackdown on fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs).
The Income Tax Department has launched a large-scale crackdown on fraudulent claims of deductions and exemptions in Income Tax Returns…
Dealing in shares- business income or capital gains?
Dealing in shares- business income or capital gains? 1. Introduction: The Income Tax Act, 1961 classifies income under distinct heads…
Bombay High Court Allows Condonation of 24-Day Delay in Filing Form 10B, Restores Section 11 Exemption
Bombay High Court Allows Condonation of 24-Day Delay in Filing Form 10B, Restores Section 11 Exemption Mirae Asset Foundation…
Transfer of Leasehold Rights Not Subject to GST, Akin to Sale of Land:
Transfer of Leasehold Rights Not Subject to GST, Akin to Sale of Land: Gujarat High Court iraj Can Co.…
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) /…
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…
