There is no legal authority by or under which the revenue-authorities can make a lump-sum disallowance. Lump sun disallowance made…
Capital Gain Exemption u/s 54 and 54F for investment in residential house limited to Rs. 10 crores Section 54 and…
Increase in threshold limits for presumptive taxation schemes u/s 44AD and section 44ADA Under the existing provisions of Section…
Income Tax basic exemption limit and tax slabs for individuals & HUFs for AY 2024-25 The basic income tax exemption…
Direction for Special Audit u/s 142(2A) of CA firm quashed by ITAT as without meeting prerequisite of section 142(2A) ABCAUS…
Union Budget 2023-24. Direct Tax Highlights The Union Finance Minister Ms. Nirmala Sitharaman will present Budget 2023-24 in Parliament tomorrow…
Once income suffered TDS it cannot be said to be undisclosed income - ITAT ABCAUS Case Law CitationABCAUS 3650 (2023)…
Govt amends maturity period of Kisan Vikas Patra (KVP) and pre-maturity amount The Govt. has notified the Kisan Vikas Patra…
If one proceeding is saved, other has to be quashed – interesting judgment of ITAT on reassessment and penalty proceedings.…
The Companies (Incorporation) Amendment Rules, 2023 MCA has notified the Companies (Incorporation) Amendment Rules, 2023 by amending the Companies (Incorporation)…