An overview of Tax Fee Perquisite for the salaried Taxpayers
An overview of Tax Fee Perquisite for the salaried Taxpayers Income Tax rules do permit tax-free perquisites, so salaried people…
Income Tax
New Income Tax Bill 2025 vs. Taxation of slump sale: What has changed.
New Income Tax Bill 2025 vs. Taxation of slump sale: What has changed. Here is an observation, in the new…
Once an assessment is linked to a search operation, it must be reopened under Section 153A/153C & not under Section 1480
Once an assessment is linked to a search operation, it must be reopened under Section 153A/153C & not under Section…
Budget 2025: Welcome relief for individuals remitting funds abroad for educational purposes under the Liberalized Remittance Scheme (LRS).
Budget 2025: Welcome relief for individuals remitting funds abroad for educational purposes under the Liberalized Remittance Scheme (LRS). The…
Union Budget 2025: Extended Tax Benefits on contributions to NPS Vatsalya accounts
Union Budget 2025: Extended Tax Benefits on contributions to NPS Vatsalya accounts The Budget 2025 proposes to extend tax…
Once a search action U/s 132 forms the foundation of a case, the Revenue must proceed under Section 153A/153C, rather than invoking reassessment under Section 147/148
Once a search action U/s 132 forms the foundation of a case, the Revenue must proceed under Section 153A/153C, rather…
Structural Change in the Income-Tax Bill, 2025
Structural Change in the Income-Tax Bill, 2025 The Income-Tax Bill, 2025 is a proposed new legislation aimed at replacing the…
Original assessment under Section 143(1) do not involve any scrutiny or formation of opinion: Reassessment cannot be considered as Change of Opinion – ITAT Ahmedabad
Original assessment under Section 143(1) do not involve any scrutiny or formation of opinion: Reassessment cannot be considered as Change…
New Income Tax Bill – 2025 Vs. Clubbing of Income: A Shift from Qualification to Skills in the Income Tax Bill, 2025
New Income Tax Bill – 2025 Vs. Clubbing of Income: A Shift from Qualification to Skills in the Income Tax…
For registration under section 12AA, authorities must only ensure the trust’s objectives are genuinely charitable: Supreme Court
For registration under section 12AA, authorities must only ensure the trust’s objectives are genuinely charitable: Supreme Court Trusts, Registration,…
Failure to issue a notice under Section 143(2) is a jurisdictional defect, rendering the entire assessment void ab initio: Agra ITAT
Failure to issue a notice under Section 143(2) is a jurisdictional defect, rendering the entire assessment void ab initio: Agra…
Admissibility of Additional claim during Assessment Proceeding- Whether tenable?
Admissibility of Additional claim during Assessment Proceeding- Whether tenable? If assessee has made any additional claim during the course…
Salary Income paid to Remote Workers for Services Rendered Outside India is not Taxable in India
Salary Income paid to Remote Workers for Services Rendered Outside India is not Taxable in India Delhi Tribunal in…
Once an assessee has passed away, no valid assessment or reassessment can be carried out in their name
Once an assessee has passed away, no valid assessment or reassessment can be carried out in their name In…
Non-Mention of DIN – Andhra Pradesh HC Quashes GST Assessment Order
Non-Mention of DIN – Andhra Pradesh HC Quashes GST Assessment Order In a crucial ruling, Andhra Pradesh HC Quashes…
Section 43A not applicable if assessee claimed it on account of foreign exchange fluctuation and there was no actual payment or remittance
Section 43A not applicable if assessee claimed it on account of foreign exchange fluctuation and there was no actual payment…
New requirements asked in Income Tax scrutiny
New requirements asked in Income Tax scrutiny The Copy of the Annexure is as under: WhatsApp Image 2025-02-26 at…
Whether GST is applicable on subsidised canteen facility and free bus facility provided by a company to its employees?
Whether GST is applicable on subsidised canteen facility and free bus facility provided by a company to its employees? …
