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Recent Posts

• 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
• Compliance Calendar for July’2025
• One-Time ESOP Compensation: Capital Receipt or Taxable Perquisite?
• Compensation received for unlawful possession of immovable property constitutes a capital receipt and is not subject to income tax.
• Depreciation of amalgamating company shall not be disallowed for non filing of Form 62: Mumbai ITAT