• Income Tax

Income Tax Act 2025 received assent of the President and notified in official Gazette

12 months ago

The Income Tax Act 2025 received the assent of the President on the 21st August, 2025 and has been notified…

  • Income Tax

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

12 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

12 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

12 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

12 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

12 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

12 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

12 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

12 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

12 months ago

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