• Income Tax

How a loan amount was utilised wouldn’t constitute failure to discharge onus u/s 68

1 week ago

Utilisation of loan amount would not constitute failure to discharge onus caste u/s 68 in absence of any defect in…

  • Income Tax

No addition based on third party information in form of unsigned excel sheet – ITAT

2 weeks ago

Addition on the basis of third party information in form of unsigned excel sheet can not be sustained - ITAT…

  • Income Tax

Shagun money received on occasion of marriage not taxable income – ITAT

2 weeks ago

Shagun money received on marriage of individual cannot be considered as income in the year of its receipt - ITAT…

  • Income Tax

There is no statutory requirement to maintain cash book for salaried individual – ITAT

2 weeks ago

ITAT deleted addition towards cash deposited in bank account observing that there is no statutory requirement to maintain cash book…

  • RBI

Foreign Exchange Management (Authorised Persons) Regulations, 2026 notified

2 weeks ago

RBI has notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026. The Regulation becomes effective from 06.05.2026  A person seeking…

  • Income Tax

Increased exemption limit of Rs. 25 lakhs for Leave Encashment is retrospective – ITAT

2 weeks ago

ITAT allows benefit of increased exemption limit of Rs. 25 lakhs for Leave Encashment u/s 10(10AA)(ii) In a recent judgment,…

  • Income Tax

Relief u/s 89(1) available even if arrears received on Voluntary Retirement

2 weeks ago

Relief u/s 89(1) available even when arrears were received in addition to compensation for Voluntary Retirement - ITAT In a…

  • RTI

Husband’s income details can not be disclosed to wife under RTI Act

2 weeks ago

Husband’s income details can not be disclosed to wife under RTI Act being his personal information – High Court In…

  • Companies Act

ABCAUS Excel Depreciation Calculator FY 2025-26 under Companies Act 2013 -Download

2 weeks ago

ABCAUS Excel Depreciation Calculator FY 2025-26 under Companies Act 2013 as per Schedule-II Version 05.05 The maiden ABCAUS Excel Companies…

  • RBI

Distribution of portfolios of RBI Deputy Governors w.e.f. 04.05.2026

2 weeks ago

Distribution of portfolios of RBI Deputy Governors w.e.f. 04.05.2026 on assumption of charge by Shri Rohit Jain Shri Rohit Jain…