• Income Tax

Capital Gain Tax on sale of Shares/Mutual Funds Units increased. Indexing abolished

2 years ago

Capital Gain Tax on sale of Shares, Mutual Fund Units increased. Indexing abolished Finance Bill 2024 has increased the income…

  • Income Tax

CIT(A) empowered to remand best judgment cases back to AO for fresh assessment

2 years ago

CIT(A) empowered to remand the best judgment cases back to the Assessing Officer for making a fresh assessment. Union Budget…

  • Income Tax

Time limit of six years to file TDS/TCS correction statement w.e.f. 01.04.2025

2 years ago

Time limit of six years has been proposed to file TDS/TCS correction statement. The Union Budget 2024-25 has proposed a…

  • Income Tax

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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years ago

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