Income Tax Act 1961
Biryani Bills to Big Data: How AI Helped Income Tax Detect ₹408 Crore Hidden Restaurant Turnover
Read MoreA recent decision by the Delhi High Court has brought much-needed relief to a Non-Resident Indian (NRI) who was facing a significant tax demand due to an error in the...
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CBDC
Madras High Court on Pension Account Attachment for Income Tax Dues 🔎 Overview: Pension Funds Declared Immune from Tax Recovery Attachments In a landmark and socially impactful decision, the Madras...
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Income Tax Act 1961
Tax Lessons from Rana Ayyub's Covid-19 Donation Case: What You Need to Know
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Income Tax
The Income Tax (IT) Department has issued an important warning to taxpayers about an increase in scams related to income tax refunds. Fraudsters are using emails, messages, and fake calls...
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Capital Gain
ITAT Allows Taxpayer to Offset STCL Against LTCG, Rejecting Tax Evasion Claims The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has upheld the right of taxpayers to offset...
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EPF Accounts
India holds a staggering amount of unclaimed assets across various financial instruments. These include investor protection funds, shares, dividends, bank deposits, provident funds, and mutual funds. This wealth, estimated to...
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BLACK MONEY ACT
The Indian Income Tax Department has intensified its focus on foreign assets held by resident taxpayers. With advanced data-sharing mechanisms and stringent laws like the Black Money (Undisclosed Foreign Income and...
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Bogus Transactions
Notice Under Section 148A(b): Gauhati High Court Upholds Validity in Case of Bogus Transactions The Gauhati High Court recently addressed the validity of notices issued under Section 148A(b) of the...
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Advance Tax
The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024): Simplifying Tax Dispute Resolution The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024) is a transformative government initiative designed to address...
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