• Income Tax

CBDT Circular fixing time limit for condonation application u/s 119(2)(b) is illegal – HC

1 year ago

CBDT Circular fixing a time limit for making condonation application u/s 119(2)(b) of the Income Tax Act, 1961 (the Act)…

  • Income Tax

Interest income to be excluded from gross receipts for exemption u/s 10(23C)(iiiab)

1 year ago

Interest income to be excluded from gross receipts while computing percentage of Govt. finance for determining the exemption u/s 10(23C)(iiiab).…

  • RBI

RBI new directions for prepayment charges by banks on floating rate loan & advances

1 year ago

RBI lays down revised rules for bank prepayment charges on all floating rate loan & advances sanctioned or renewed on or…

  • Aadhaar

Revised list of acceptable supporting documents for Aadhaar from 3rd July 2025

1 year ago

Revised and up to date list of acceptable supporting documents for Aadhaar enrolment and update from 3rd July 2025. UIDAI…

  • Income Tax

Addition for PF delayed payment upheld. Law of SC applies from inception of Statute

1 year ago

Addition u/s 36(1)(va) for delayed payment of EPF upheld holding that Supreme Court judgment imparts meaning to statute from the…

  • GST

No GST demand from son without showing he continued business of deceased father firm

1 year ago

No GST demand from son for the deceased father firm without showing that son was continuing the business in the…

  • Income Tax

Addition for extra sales on basis of trading account for truncated financial year deleted

1 year ago

Addition for extra sales on the basis of trading account for truncated period of the financial year deleted by ITAT…

  • Income Tax

CBDT further clarifies on waiver of interest on failure to collect or pay TCS

1 year ago

CBDT further clarifies circular on waiver of interest on account of failure to collect or pay the collected tax to…

  • GST

High Court grants bail to accused of fake ITC utilization of more than 18 crores

1 year ago

High Court grants regular bail to the accused of availing and utilization of fraudulent Input Tax Credit. In a recent…

  • Income Tax

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

1 year ago

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