• Income Tax

Standard Deduction Limit increased to Rs. 70000/- for AY 2025-26 under New Tax Regime

1 year ago

Limit of Standard Deduction has been increased from Rs. 50000/- to Rs. 70000/- for AY 2025-26 for those opting New…

  • Finance Ministry

Union Budget 2024-25 to be presented on 22nd July 2024 – Watch Live

1 year ago

Union Budget 2024-25 - Highlights of Tax Proposals - Watch Live The Union Finance Minister MS Sitharaman shall be presenting…

  • Income Tax

Before Amendment Section 14A cannot be invoked if no exempt income was earned

1 year ago

Before Amendment Section 14A cannot be invoked if no exempt income was earned - ITAT In a recent judgment, ITAT…

  • Patents

Patent and Trade Marks Agent Examination 2025. Last date extended to 30.08.2024

1 year ago

Patent Agent Exam 2025 & Trade Marks Agent Exam 2025. Last date to apply extended to 30.08.2024 from 08.08.2024 Office…

  • Income Tax

Penalty u/s 270A(9)(a) can not be levied on adhoc additions – ITAT

1 year ago

Penalty u/s 270A(9)(a) can not be levied on adhoc additions - ITAT In a recent judgment, ITAT Hyderabad has held…

  • GST

Retrospective cancellation of GST registration must be informed by reason – HC

1 year ago

Cancellation of GST registration with retrospective effect must be informed by reason - High Court In a recent judgment, Hon'ble…

  • Income Tax

CPC intimation u/s 143(1) valid though digitally signed after expiry of limitation period

1 year ago

CPC intimation u/s 143(1) valid though digitally signed after expiry of limitation period - ITAT In a recent judgment, ITAT…

  • Income Tax

CIT empowered to exercise power u/s 263 over orders passed u/s 271(D) and 271D

1 year ago

CIT empowered to exercise power u/s 263 over penalty orders passed u/s 271(D) and 271D by the Joint Commissioner of…

  • Income Tax

Notice u/s 148 quashed as it was issued by Jurisdictional AO not by Faceless AO

1 year ago

Reopening notice u/s 148 and order u/s 148A(d) quashed as it was issued by Jurisdictional AO and not by a…

  • Income Tax

Wrong amount of income accumulation mentioned in Form-10 due to clerical error

1 year ago

Wrong amount of income accumulation mentioned in Form-10 due to clerical error - ITAT deleted addition made by AO  In…