Penalty u/s 271D not automatic. AO is required to find out that even if there was any failure, the same…
Opinion rendered by audit party alone can not be considered as belief of escapement of income which must be made…
Source of cash deposit being savings and family support plausible to certain extent –ITAT deleted addition on account of cash…
TDS sections for which payment threshold reduced by Budget 2025-26. See Table The Finance Bill 2025 has increased payments threshold…
Removal of higher TDS/TCS u/s 206AB / 206CCA CCA for non-filers of return of income w.e.f. 01.04.2025 Section 206AB of…
ICAI (Merger & Demerger of CA firms) Guidelines 2024 has been notified by the ICAI w.e.f. 31.01.2025 The guidelines provides…
Proceedings under Section 148A of the Income Tax Act, 1961 necessarily required to be completed within the period available for…
SEBI mandates System Audit of Stock Brokers. Prescribes eligibility criteria for empanelment of auditors SEBI vide Master Circular No. SEBI/HO/MRD2/PoD-2/CIR/P/2023/171…
Penalty u/s 270A(9) deleted by ITAT as assessee pursuant to notice u/s 148 filed return and had paid due taxes…
Late fee u/s 47(2) of the CGST Act 2017 is leviable for the delay in furnishing of both Form GSTR-9…