• Income Tax

Entire TDS credit allowed to joint owner of property who received sale consideration

8 months ago

Entire TDS credit allowed to the joint owner of the property in whose account entire sale consideration was received  In…

  • Income Tax

Even when Trust not registered u/s 12A, only net income can be taxed not gross receipts

8 months ago

Even when the trust is not registered u/s 12A, taxes can be levied on the net income and taxing of…

  • Income Tax

Stating head of income from which unexplained investment generated not explanation

8 months ago

Merely stating head of income from which unexplained investment was generated without stating the actual source does not amount to…

  • Income Tax

CBDT issues awareness material on making a rightful claim of refunds in ITR

8 months ago

CBDT issues awareness material on making a rightful claim of refunds in Income Tax Returns It has been seen in…

  • Income Tax

No infirmity in reopening on the ground that no ITR filed when assessee had two PANs

8 months ago

No infirmity in reopening on the reasoning that no return was filed by the assessee when assessee was using two…

  • road-tax

Electric Vehicle purchased outside Uttar Pradesh not eligible for tax exemption

8 months ago

Electric Vehicle to be eligible for tax exemption in Uttar Pradesh must fulfil twin conditions of both purchase and registration…

  • GST

Under Section 75(4) of GST Act, opportunity of personal hearing must even if not asked

8 months ago

In terms of Section 75(4) of GST Act, 2017 it is incumbent to grant an opportunity of personal hearing even…

  • ICAI

ICAI issues revised Schedule of CA May 2025 exams after postponement

8 months ago

ICAI issued revised Schedule of Chartered Accountants May 2025 exams after postponement   ICAI has issued revised schedule of remaining CA…

  • Income Tax

Jurisdiction assumed u/s 148 on borrowed satisfaction– Supreme Court dismissed SLP

8 months ago

Jurisdiction assumed u/s 148 on borrowed satisfaction without any live link between information and material on record – Supreme Court…

  • Income Tax

CBDT notifies PDF format of ITR-7 for AY 2025-26

8 months ago

CBDT notifies PDF format of ITR-7 for AY 2025-26 CBDT has notified PDF format of ITR-7 for AY 2025-26 applicable…