Audit abolition

Recent Posts

• Whether charging abnormally high rate is an offence in India?
• Bank Nomination Blues? Now You Can Say “We 4” Instead of “Me 1”!
• Reassessment Notice Beyond “Surviving Period” Held Time-Barred: ITAT Chennai in Smt. L.N. Santhi’s Case
• Relief Without the 20%: Karnataka HC’s Landmark Ruling on Stay of Demand Offers Practical Breather to Taxpayers
• Un-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 Court
• Penalty U/s 122 of the CGST Act can be imposed even if no tax is ultimately found due under Section 74?
• Receipts from outside India are outside the scope of Section 5(2) and do not fall within the ambit of Section 68 or 69A.
• Section 56(2)(x) talks about immoveable property and so Purchase of Rural agricultural land below its stamp duty valuation is taxable
• Property Planning at 70: A Will, A Co-owner, or A Tax Tangle?
• TDS: Section-wise Short Summary for the FY 2025-26