Income Tax

150 IRS Officers appointed to the grade of Assistant Commissioner of Income Tax (ACIT)

Recent Posts

  • ICAI

Applicability of Guidance Note on Financial Statements of Non-Corporate Entities/LLPs

Applicability of ICAI Guidance Note on Financial Statements of Non-Corporate Entities/LLPs for FY 2025-26 and 2026-27 ICAI has issued an…

2 days ago
  • Income Tax

Requirement of DIN referencing in Income Tax notices etc. and exceptions

CBDT has issued revised requirements of DIN referencing in Income Tax notices etc. and exceptions Section 292B of Income Tax…

4 days ago
  • Income Tax

Applicability of deeming fiction u/s 50C when property purchased & sold within same year

When property purchased and sold within same year both sale and purchase price has to be adopted by applying same…

4 days ago
  • ICAI

ICAI defers the effective date of Standard on Quality Management SQM1 and SQM2

ICAI defers the mandatory effective date of SQM 1 and SQM 2 The Council of ICAI, at its 451st Meeting…

4 days ago
  • Income Tax

Addition based on letter of District Magistrate not recovered during search deleted

Addition deleted as it was made on the basis of letter of District Magistrate which not recovered during the search…

5 days ago
  • Income Tax

CBDT clarification on threshold for TDS on interest by banks under Income Tax Act 2025

Banks not required to deduct TDS under Income Tax Act 2025 on interest income below threshold limit - CBDT clarification …

5 days ago