Category: Income Tax
Excel Auto 234ABC Interest Calculator for AY 2025-26 with accurate calculation as per revised provisions. Download for Corporate and Non-corporate Assessees Section 234A, 234B and 234C of the Income tax Act, 1961 deals with interest for delay in ITR Filing or Short/Non deposit of Advance tax. Interest is …
CBDT notifies 5 years Bonds of HUDCO eligible for capital gain exemption under section 54EC MINISTRY OF FINANCE(Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 31/2025 New Delhi, the 7th April, 2025 S.O. 1644(E).—In exercise of the powers conferred by clause (ba) of Explanation to section 54EC …
CBDT notifies 30.04.2025 as last date for declaration of tax arrear to be filed under Direct Tax Vivad se Vishwas Scheme, 2024 MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 32/2025 New Delhi, the 8th April, 2025 S.O. 1650(E).—In exercise of the powers …
CBDT notifies ITR-B Return of income under section 158BC for block search assessment cases CBDT vide Notification No. 30/2025 dated 07/04/2025 has notified the Income-tax (Tenth Amendment) Rules, 2025 prescribing ITR-B for block search assessment return under clause (a) of sub section (1) of section 158BC of the …
Assessee did not challenge order u/s 148A(d) and participated in the re-assessment proceedings – High Court declined to interfere In a recent judgment, Rajasthan High Court declined to interfere with re-assessment proceedings as the assessee did not challenge the order under section 148A(d) and participated in the re-assessment …
High Court condoned delay in filing Audit Report in Form 10B as the change in dates in filing audit report before return had caused confusion. In a recent judgment, Kerala High Court condoned the delay in filing Audit Report in Form 10B as the change in dates in …
Addition u/s 68 for corpus donation received from struck off companies – SLP dismissed In a recent judgment, Hon’ble Supreme Court dismissed the Special Leave Petition (SLP) of the assessee against the order of the High Court upholding addition under section 68 towards corpus donation received from companies …
Merely because deductor under misconception deducted TDS u/s 194C and 194J, it would not disentitle assessee, benefit under Sections 11 and 12 of the Act. In a recent judgment, The Hon’ble Supreme Court has dismissed the SLP of the Revenue against the the decision of the Delhi High …
Reopening quashed as AO failed to provide all information and relied upon material available alongwith notice u/s 148A(b) of the Income Tax Act, 1961 (the Act). In a recent judgment, ITAT Delhi quashed notice under section 148 as Assessing Officer failed to comply with the direction given by …
Cash withdrawn from the bank account cannot be considered as unexplained money when the turnover was not disputed – ITAT In a recent judgment, ITAT Jaipur deleted addition under section 69A holding that cash withdrawn from the bank account cannot be considered as unexplained money when the turnover …
