Income TaxAO does not have the power to review an order passed under Section 148A(d): Delhi HC2 months 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 Filing2 months 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 forward2 months 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 Case2 months 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 HC2 months 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 India2 months agoHow AI is Helping the Income Tax Department Tackle Tax Evasion in India The Income Tax Department in India has…
Income TaxValuation Certification in Buy-Back by Private Companies: Chartered Accountant or Registered Valuer?2 months agoValuation Certification in Buy-Back by Private Companies: Chartered Accountant or Registered Valuer? In the world of corporate finance, buy-back of shares by…
Income TaxLoans or Cash Credits as Deemed Income under Section 68: A Practical Perspective2 months agoLoans or Cash Credits as Deemed Income under Section 68: A Practical Perspective By CA Naresh Jakhotia When it…
Income TaxWhether charging abnormally high rate is an offence in India?2 months agoWhether charging abnormally high rate is an offence in India? Query: Can you let me know if it is an…
Income TaxBank Nomination Blues? Now You Can Say “We 4” Instead of “Me 1”!2 months agoBank Nomination Blues? Now You Can Say “We 4” Instead of “Me 1”! Until recently, bank nomination rules were like…
Income TaxReassessment Notice Beyond “Surviving Period” Held Time-Barred: ITAT Chennai in Smt. L.N. Santhi’s Case2 months agoReassessment Notice Beyond “Surviving Period” Held Time-Barred: ITAT Chennai in Smt. L.N. Santhi’s Case Introduction In a landmark ruling,…
Income TaxRelief Without the 20%: Karnataka HC’s Landmark Ruling on Stay of Demand Offers Practical Breather to Taxpayers2 months agoRelief Without the 20%: Karnataka HC’s Landmark Ruling on Stay of Demand Offers Practical Breather to Taxpayers Introduction In a…
Income TaxUn-utilized Input Tax Credit (ITC) remaining after payment of all tax, interest, and penalties must be refunded to the taxpayer upon closure of business: Sikkim High Court2 months agoUn-utilized Input Tax Credit (ITC) remaining after payment of all tax, interest, and penalties must be refunded to the taxpayer…
Income TaxReceipts from outside India are outside the scope of Section 5(2) and do not fall within the ambit of Section 68 or 69A.2 months agoReceipts from outside India are outside the scope of Section 5(2) and do not fall within the ambit of Section…
Income TaxSection 56(2)(x) talks about immoveable property and so Purchase of Rural agricultural land below its stamp duty valuation is taxable2 months ago Section 56(2)(x) talks about immoveable property and so Purchase of Rural agricultural land below its stamp duty valuation is taxable…
Income TaxProperty Planning at 70: A Will, A Co-owner, or A Tax Tangle?2 months agoProperty Planning at 70: A Will, A Co-owner, or A Tax Tangle? Query 1] I am in the process of…
GSTIncome TaxCompliance Calendar for July’20252 months agoCompliance Calendar for July’2025 INCOME TAX ▪ 07th July 2025- Due date for deposit of Tax deducted and collected for…
Income TaxOne-Time ESOP Compensation: Capital Receipt or Taxable Perquisite?2 months agoOne-Time ESOP Compensation: Capital Receipt or Taxable Perquisite? 1. Situation: i. Suppose, an employer pays a one-time discretionary compensation…