Income TaxIT JudgementCleaning process by department before ITR season:1 year agoCleaning process by department before ITR season: The Income Tax Department has raided over 200 premises across India. The…
Income TaxNo 20%? No Problem! Karnataka HC Rules CBDT Stay Guidelines Are Not Mandatory1 year agoNo 20%? No Problem! Karnataka HC Rules CBDT Stay Guidelines Are Not Mandatory Introduction: Game-Changer for Taxpayers In a major…
Income TaxIncome Tax Crackdown in Nagpur Region: Raids, Refund Frauds & the Digital Dragnet1 year agoIncome Tax Crackdown in Nagpur Region: Raids, Refund Frauds & the Digital Dragnet In a significant move that has sent…
Income TaxForm INC-20A: A Critical Compliance for Newly Incorporated Companies1 year agoForm INC-20A: A Critical Compliance for Newly Incorporated Companies What is Form INC-20A? Form INC-20A is a declaration that…
Income TaxWhere the assessee did not understand technical details while filing ITR but paid tax before 148 notice, penalty cannot be levied: ITAT1 year agoWhere the assessee did not understand technical details while filing ITR but paid tax before 148 notice, penalty cannot be…
Income TaxThe Income Tax Department has launched a large-scale crackdown on fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs).1 year agoThe Income Tax Department has launched a large-scale crackdown on fraudulent claims of deductions and exemptions in Income Tax Returns…
Capital GainIncome TaxDealing in shares- business income or capital gains?1 year agoDealing in shares- business income or capital gains? 1. Introduction: The Income Tax Act, 1961 classifies income under distinct heads…
Income TaxBombay High Court Allows Condonation of 24-Day Delay in Filing Form 10B, Restores Section 11 Exemption1 year agoBombay High Court Allows Condonation of 24-Day Delay in Filing Form 10B, Restores Section 11 Exemption Mirae Asset Foundation…
GSTIncome TaxTransfer of Leasehold Rights Not Subject to GST, Akin to Sale of Land:1 year agoTransfer of Leasehold Rights Not Subject to GST, Akin to Sale of Land: Gujarat High Court iraj Can Co.…
Income TaxAIS and TIS Anomalies: When Data Tells a Misleading Story!1 year agoAIS and TIS Anomalies: When Data Tells a Misleading Story! [Query 1] First Issue: My Annual Information Statement (AIS) /…
Income TaxA Short Overview of changes in new ITR-3 and ITR-5 forms for AY 2025-26:1 year agoA Short Overview of changes in new ITR-3 and ITR-5 forms for AY 2025-26: Finally, the utility for filing…
Income TaxBusiness Loss Set-Off or Capital Gains Gymnastics? HC Says – Let It Flow !1 year agoBusiness Loss Set-Off or Capital Gains Gymnastics? HC Says – Let It Flow ! Taxation has its fair share of…
Income TaxAO does not have the power to review an order passed under Section 148A(d): Delhi HC1 year agoAO does not have the power to review an order passed under Section 148A(d): Delhi HC Baba Global Ltd.…
Income TaxImportant Advisory on AIS imports for ITR Filing1 year agoImportant Advisory on AIS imports for ITR Filing Many taxpayers are noticing that the same Mutual Fund redemption/sale is…
Income TaxIncome Tax Scrutiny Notices on the Rise: Top Reasons & way forward1 year agoIncome Tax Scrutiny Notices on the Rise: Top Reasons & way forward Over the last few months, there’s been a…
Income TaxAnother Opportunity granted by ITAT in Section 12A Registration Case1 year agoAnother Opportunity granted by ITAT in Section 12A Registration Case In a significant ruling, the Income Tax Appellate Tribunal…
Income TaxOnly nominal amount of profit can be earned in circular trading: Gujarat HC1 year agoOnly nominal amount of profit can be earned in circular trading: Gujarat HC Bogus Purchase v. Circular trading…
Income TaxHow AI is Helping the Income Tax Department Tackle Tax Evasion in India1 year agoHow AI is Helping the Income Tax Department Tackle Tax Evasion in India The Income Tax Department in India has…