GST Overhaul from July 1, 2025: What’s Changing? How It Matters?
GST Overhaul from July 1, 2025: What’s Changing? How It Matters? 1. GSTR-3B Now Locked Post-Filing – GSTR-3B will…
Income Tax
Can short term capital gain u/s 50 of I.T.Act,1961 arising from sale of depreciable assets be set off against brought forward business loss?
Can short term capital gain u/s 50 of I.T.Act,1961 arising from sale of depreciable assets be set off against brought…
Bogus Purchases vs. Embedded Profit: ITAT Relief for Small Trader
Bogus Purchases vs. Embedded Profit: ITAT Relief for Small Trader Ahmedabad Tribunal Says “Don’t Disallow the Whole, Just the…
Return of Income beyond the time limit provided under section 142(1) – Whether it is necessary to issue notice u/s 143(2)?
Return of Income beyond the time limit provided under section 142(1) – Whether it is necessary to issue notice u/s…
Preliminary Analysis of the Changes proposed in New Income Tax Bill by Select Committee
Preliminary Analysis of the Changes proposed in New Income Tax Bill by Select Committee SELECT COMMITTEE ON THE INCOME…
Only Chartered Accountants to continue to do all types of audits under the new Income tax Act
Only Chartered Accountants to continue to do all types of audits under the new Income tax Act SELECT COMMITTEE…
₹1,045 करोड़ के फर्जी दावे 40,000 करदाताओं ने खुद वापस लिए
₹1,045 करोड़ के फर्जी दावे 40,000 करदाताओं ने खुद वापस लिए आयकर विभाग (Income Tax Department) ने देशभर के 150 से…
Sending Money Out of India: A Complete Guide for NRIs and PIOs
Sending Money Out of India: A Complete Guide for NRIs and PIOs Are you an NRI or a Person…
₹1,045 Crore Bogus Claims Withdrawn by 40,000 Taxpayers Amid AI-Aided Crackdown
₹1,045 Crore Bogus Claims Withdrawn by 40,000 Taxpayers Amid AI-Aided Crackdown In a massive, coordinated move across India, the Income Tax…
How to Fix AIS Inaccuracies While Filing Your Income Tax Return
How to Fix AIS Inaccuracies While Filing Your Income Tax Return Avoid mismatches, scrutiny notices, and tax complications by learning…
Cleaning process by department before ITR season:
Cleaning process by department before ITR season: The Income Tax Department has raided over 200 premises across India. The…
No 20%? No Problem! Karnataka HC Rules CBDT Stay Guidelines Are Not Mandatory
No 20%? No Problem! Karnataka HC Rules CBDT Stay Guidelines Are Not Mandatory Introduction: Game-Changer for Taxpayers In a major…
Income Tax Crackdown in Nagpur Region: Raids, Refund Frauds & the Digital Dragnet
Income Tax Crackdown in Nagpur Region: Raids, Refund Frauds & the Digital Dragnet In a significant move that has sent…
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…
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…
