Income Tax

Reasonableness of fee structure of unaided school cannot be compared with the fee structure of Government schools or Govt. aided…

There is no requirement that an institution constituted for advancement of any object of general public utility must be registered…

Income-tax Act prevails over Canon Law; Salary received by Nuns/Missionaries is taxable Union of India v. Society of Mary Immaculate…

 Rs. 462 cr given to Anil Ambani by Brother Mukesh Ambani is a Gift or a Loan? Will it be…

Donation for specific purpose cannot be considered as income u/s 2(24)(iia) Touching Heart Ministries Vs. Income Tax Officer (ITAT Visakhapatnam)…

 UNSYNCRONIZED INCOME TAX PROVISIONS Section 54 When an individual sells a residential property and buys another residential property, he will be…

Registration of trust U/s. 12AA cannot be denied by examining activities instead of objects   IN THE ITAT CHENNAI BENCH…

64 ITOs reverted to Inspector position 64 ITOs reverted to Inspector position

Everyone knows about the ‘Will’ but not comfortable talking about it. Any suggestion to make a will is considered as if you are…

ICAI Removes Chartered Accountant From Its Register After Finding Him Guilty Of Loan Fraud Chartered Accountants are governed by CA…

Why Invest in ELSS? There are a plethora of savings schemes to help you build your wealth, such as FD, PPF and NSC to name…

  Purchasing A House: Buy it Jointly for Tax Benefits Does it make sense to buy a property, by registering…

Capital Gain Computation: Renovation expenses not allowed, Brokerage deduction restricted to 2% There were 3 issues involved in the case…