Mercantile system of accounting vs. Crystallization of expenses

Recent Posts

• Amendment in the Budget on taxation of Sovereign Gold Bonds
• Rationalisation and Alignment in the Budget of Select Provisions of the Income-tax Act, 2025 with the Income-tax Act, 1961
• Clarificatory Amendments to Address Jurisdictional and Procedural Uncertainty: Budget 2026
• Block Assessment Period Curtailed for Third Parties Under Finance Bill 2026
• Finance Bill 2026 allows Registered NPOs to File Belated Income-Tax Returns
• CBI arrest income tax department stenographer in Chennai for demanding bribe!
• Section 54 Deduction Allowed Even Without CGAS Deposit: ITAT Hyderabad Prioritises Substance Over Procedure
• Distribution of Assets on Total Partition of HUF Is Not a “Transfer” Under the Income-tax Act
• Signed a JDA? This ITAT Ruling on Capital Gains Can Save You from Premature Taxation
• Budget 2026: Income-Tax Highlights at a Glance