Income Tax Act 1961
The Rana Ayyub Crowdfunding Case: A Wake-Up Call on Donations, Tax, and Legal Compliance in India
Tax Lessons from Rana Ayyub's Covid-19 Donation Case: What You Need to Know
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Income Tax Act 1961
Capital Gain
Tax Planning Within Law Is Not Tax Evasion – Offsetting STCL Against LTCG Is Legal – ITAT Mumbai
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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Bogus Transactions
Admit Bogus Transactions, Face Reassessment – Gauhati HC Ruling
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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Allahabad High Court
Indirect Fund Transfers Not ‘Unexplained Money,’ Rules High Court
Funds Temporarily Held in One Account Before Transfer to Another Doesn’t Qualify as Unexplained Money: Allahabad High Court The Allahabad High Court has clarified that funds temporarily placed in one...
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Advance Tax
Time to negotiate your Tax Bills with Income Tax department – Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024)
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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Annual Information Statement (AIS)
Unaccounted Money as Unsecured Loan: Mumbai ITAT Upholds Tax Addition Under Section 68
Unaccounted Money as Unsecured Loan: Mumbai ITAT Upholds Tax Addition Under Section 68
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CBDT
CBDT Issues Corrigendum to Vivad Se Vishwas Rules, Amends Schedules of Form 1
CBDT Issues Corrigendum to Vivad Se Vishwas Rules, Amends Schedules of Form 1
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Accounting Standard
What to Do If TDS Is Not Correct in 26AS?
Tax Deducted at Source (TDS) is a crucial aspect of tax compliance in India. Both Form 16 and Form 26AS are essential documents for filing Income Tax Returns (ITR). Form...
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Income Tax Act 1961
Various Threshold Limits under the Income Tax Act for AY 2023-24
Various Threshold Limits under the Income Tax Act [AY 2023-24] S.N. Particulars Threshold Limits A. Basic Exemption 1. Maximum amount of income which is not chargeable to Income-tax in case...
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Income Tax Order
Income Tax Order: Understanding the Importance of Assessing Deceased Taxpayers’ Legal Heirs
Income Tax Order: Understanding the Importance of Assessing Deceased Taxpayers' Legal Heirs
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