• Income Tax

Return can be revised u/s 139(5) to claim rebate u/s 87A not claimed in original return

7 months ago

Return can be revised under section 139(5) to claim rebate u/s 87A not claimed in original return due to error…

  • Income Tax

CBDT relaxes time limit for processing of returns filed after condonation of delay

7 months ago

CBDT relaxes time limit for processing u/s 143(1) of returns filed after condonation of delay u/s 119(2)(b) Relaxation of time…

  • Income Tax

When assessed income computed from returned income, ITR not invalid for no e-verification

7 months ago

When AO started the computation of assessed income from the returned income, the return can not be considered non-est for…

  • Income Tax

No bar in holding cash after withdrawals for longer period before redeposit in bank

7 months ago

There is no bar in holding cash after withdrawals for longer period before deposited into bank on subsequent dates -…

  • Empanelment

Bank of India-Online Concurrent Audit Empanelment FY 2025-26. Last Date : 08.07.2025

7 months ago

Bank of India-Online Concurrent Audit Empanelment  FY 2025-26. Last Date to apply is 08.07.2025 Notice for CA firms applying for…

  • Income Tax

FMV of property cannot be determined exactly. Valuation to differ from valuer to valuer – ITAT

7 months ago

Fair market price of property cannot be determined exactly. Valuation will differ from valuer to valuer - ITAT In a…

  • Income Tax

Addition made without providing opportunity for cross examination is invalid – ITAT

7 months ago

Addition made without providing to assessse an opportunity for cross examination is invalid – ITAT In a recent judgment, ITAT…

  • ICAI

ICAI to launch certification / Post qualification course in Forensic Investigation

7 months ago

ICAI plans to launch certification / Post qualification course in Forensic Investigation. ICAI may soon launch its certification / diploma…

  • Income Tax

No disallowance u/s 40(a)(ia) can be made merely for not e-filing form 26A

7 months ago

No disallowance u/s 40(a)(ia) can be made merely for not e-filing form 26A which is a procedural lapse. In a…

  • Income Tax

CBDT asks Officers not to ask irrelevant & unjustified queries in scrutiny notices

8 months ago

CBDT asks Income Tax officials to avoid asking irrelevant and unjustified queries in scrutiny notices issued to taxpayers. CBDT issues…