• Income Tax

High Court allows capital gain exemption u/s 54(1) on purchase of seven houses

9 months ago

High Court allows capital gain exemption u/s 54(1) on purchase of seven row houses before the amendment brought w.e.f. 01.04.2015.…

  • ICAI

ICAI limits tax audit assignments by Chartered Accountants to sixty w.e.f. 01.04.2026

9 months ago

ICAI w.e.f. 01.04.2026 puts a limit of 60 number of tax audit assignments u/s 44AB of the Income Tax Act,…

  • Income Tax

No addition can be made on the basis of uncorroborated WhatsApp message

9 months ago

Uncorroborated WhatsApp message, in the absence of any independent supporting evidence, cannot constitute a valid basis for initiating proceedings under…

  • Income Tax

Income-tax (Twentieth Amendment) Rules, 2025. Amendment to Rule 21AK

9 months ago

Income-tax (Twentieth Amendment) Rules, 2025. Amendment to Rule 21AK CBDT notifies Income-tax (Twentieth Amendment) Rules, 2025. Amendment to Income Tax…

  • Income Tax

Relaxation of time for processing ITR filed upto 31.03.2024 CPC erroneously invalidated

9 months ago

Relaxation of time for processing of e filed ITR filed upto 31.03.2024 erroneously invalidated by CPC. CBDT has issued Circular…

  • Income Tax

Time for compliance of a notice to be calculated not by clock but by calendar – HC

9 months ago

Time for compliance of notice is to be calculated not by the clock but by the calendar. - order u/s…

  • Income Tax

Exemption u/s 54F allowed. Investment in name of spouse and respective share immaterial

9 months ago

Exemption u/s 54F allowed by ITAT holding that investment in purchase of plot in the name of the spouse and…

  • RBI

Redemption price of SGB Scheme 2017-18 – Series II due on 28.07.2025, to be ₹9,924

9 months ago

Redemption price of Sovereign Gold Bond Scheme 2017-18 – Series II due on July 28, 2025, shall be ₹9,924/- Final redemption…

  • Audit

HC refrained to interfere with direction of Registrar to appoint new CA for audit

9 months ago

High Court refrained to interfere with direction of Assistant Registrar to appoint a new Chartered Accountant to audit alleged financial…

  • Excise/Custom

Clearance of goods imported/shipped/arrived in advance, but not cleared from Customs

9 months ago

Goods already imported / shipped / arrived, in advance, but not cleared from Customs may also be cleared for home…