• ICAI

Applicability of Guidance Note on Financial Statements of Non-Corporate Entities/LLPs

4 months ago

Applicability of ICAI Guidance Note on Financial Statements of Non-Corporate Entities/LLPs for FY 2025-26 and 2026-27 ICAI has issued an…

  • Income Tax

Requirement of DIN referencing in Income Tax notices etc. and exceptions

4 months ago

CBDT has issued revised requirements of DIN referencing in Income Tax notices etc. and exceptions Section 292B of Income Tax…

  • Income Tax

Applicability of deeming fiction u/s 50C when property purchased & sold within same year

4 months ago

When property purchased and sold within same year both sale and purchase price has to be adopted by applying same…

  • ICAI

ICAI defers the effective date of Standard on Quality Management SQM1 and SQM2

4 months ago

ICAI defers the mandatory effective date of SQM 1 and SQM 2 The Council of ICAI, at its 451st Meeting…

  • Income Tax

Addition based on letter of District Magistrate not recovered during search deleted

4 months ago

Addition deleted as it was made on the basis of letter of District Magistrate which not recovered during the search…

  • Income Tax

CBDT clarification on threshold for TDS on interest by banks under Income Tax Act 2025

4 months ago

Banks not required to deduct TDS under Income Tax Act 2025 on interest income below threshold limit - CBDT clarification …

  • Income Tax

Allegations of delay in TDS deposit & person responsible must be tested at trial

4 months ago

Allegations of delay in TDS deposit, role of person responsible are disputed factual matters which must be tested at trial…

  • Income Tax

Generation & allotment of UIN in Form No. 121 declaration for payment without TDS

4 months ago

Procedure, formats and standards for generation and allotment of Unique Identification Number (UIN) in respect of Form No. 121 declaration…

  • Income Tax

Penalty u/s 270A deleted as AO failed to mention the relevant clause the case fall

4 months ago

Penalty u/s 270A deleted as AO failed to mention under which clause the case of the assessee fall. In a…

  • Income Tax

Income by deploying ex-servicemen as security guards not business activity

4 months ago

Income of section 25 company by deploying ex-servicemen as security guards was not business activity. In a recent judgment, Kerala…