• Income Tax

Accumulation of income u/s 11(2) – Utilization of current expenditure first not necessary

3 months ago

Section 11(2) related to accumulation of income not require that it can be utilized only after expenditure of relevant assessment…

  • Income Tax

All Excel Utilities ITR-1 to ITR-7 for AY 2025-26 made available at Income tax e-filing Portal

3 months ago

All Excel Utilities of ITR-1 to ITR-7 for AY 2025-26 made available at Income tax e-filing Portal. Income Tax Department…

  • Income Tax

Income tax on gross winnings from online games upheld prior to AY 2024-25

3 months ago

Income tax on gross winnings from online games without setting off loss upheld as section 115BBJ is prospective. In a…

  • Due Date Extension
  • GST

Extension of due date of GSTR-3B return for Mumbai/other districts in Maharashtra

3 months ago

Extension of the due date for furnishing Form GSTR-3B return for Mumbai and other districts of Maharashtra. CBIC in view…

  • Black Money

No prosecution under BMA for non-disclosure of assets (except immovable property) up to 20 Lakhs

3 months ago

No prosecution under Black Money Act for omission to disclose assets (other than immovable property) of value up to Rs.…

  • Income Tax

No addition for late deposit of PF/ ESI prior to decision of Supreme Court

3 months ago

ITAT deleted addition for late deposit of PF and ESI contributions as CPC intimations u/s 143(1) were issued prior to…

  • Income Tax

Plea of negligence of tax consultant in not attending hearings rejected by High Court

3 months ago

Plea of negligence of tax consultant rejected as no complaint made against him and also tax consultant not impleaded as…

  • Companies Act

IndAs amended. Classification of current liabilities & supplier finance arrangements

3 months ago

MCA amends Indian Accounting Standard (Ind AS) - Classification of current liabilities and disclosure of supplier finance arrangements MCA vide…

  • Income Tax

Vintage car held non personal effect hence sale was liable to income tax

3 months ago

Vintage car held non personal effect of the assessee and sale thereof held liable to capital gain tax – High…

  • Income Tax

Penalty u/s 271AAB deleted as show cause notice did not specify limb of penalty

3 months ago

ITAT deleted penalty u/s 271AAB as show cause notice did not specify limb of penalty applicable to the assessee. In…