bogus purchase and income tax

Recent Posts

• Income Tax Dept acts against 62 restaurants in 46 cities, suppression of sales under scanner:
• ITAT ALLOWS DEDUCTION FOR DONATION TO POLITICAL PARTY, DISMISSES ACIT APPEAL FOR LACK OF EVIDENCE
• Owner Dies After Sale – Will New House Bought by Legal Heir Get Capital Gain Exemption?
• Clarification issued regarding certain email communications sent under the Advance Tax e-Campaign for AY 2026–27 (FY 2025–26)
• Revision u/s 264 – PCIT bound to follow ITAT Special Bench: Tax on Deemed STCG u/s 50 at LTCG rate u/s 112
• Updated Return 2.0: From Correction Tool to Compliance Settlement Framework
• ROC Bengaluru Imposes Penalty for Approving Share Transfer in Physical Form
• Budget 2026: No deduction of interest in case of dividend income
• AI vs. Tax Evasion: The Success of NUDGE:
• No Permanent Establishment In India, Booking. com’s ₹3,960 Cr Commission Not Taxable: ITAT