Bombay HC: Only Profit Element Taxable on Bogus Purchases, Not Entire Amount

Bogus Purchases: Understanding the Bombay High Court’s Landmark Ruling on Taxable Profit Elements In the[…]

ITR-4 Sugam: Mandatory Investment Disclosure for Presumptive Tax Filers

Significant Changes in ITR-4 Sugam: Mandatory Investment Disclosure for Presumptive Tax Filers for FY 2025-26[…]

Taxation of Agricultural Land Classification and Capital Asset Status

Is Your Land Truly a Capital Asset? Understanding the Exemption of Agricultural Land In the[…]

MSME Form 1 Filing: Due Dates, Applicability, and Compliance Guide

Mastering Form MSME-1: A Comprehensive Guide for Companies and Practitioners In an effort to strengthen[…]

Assessment Invalid if Material Not Shared or Cross-Examination Denied: ITAT Mumbai Reaffirms Natural Justice Rule

No Cross-Examination, No Case: ITAT Mumbai Reaffirms Principles of Natural Justice In a landmark ruling[…]

Complete Guide to TAN Forms 134 and 135: Features and Benefits

The Evolution of TAN Registration: Transitioning from Form 49B to Forms 134 and 135 In[…]

ITAT Remands Rs 1.57 Cr NRE Deposit Addition for Proper Evidence Examination

ITAT Overturns ₹1.57 Crore Addition: The Critical Role of NRE Account Evidence in Income Tax[…]

Taxability of Bogus Purchases: ITAT Ruling on Profit Elements and Evidence

Bogus Purchase Allegations Collapse Without Evidence: Insights from ITAT Nagpur In the evolving landscape of[…]

Budget 2026: 10% Deposit for Stay of Demand Analysis & Strategy

10% Deposit for Stay of Demand in Budget 2026: A Comprehensive Analysis and Strategic Roadmap[…]

Understanding Section 10(10D) Tax Exemption on LIC Maturity: ITAT Ruling and Eligibility Rules

Understanding Section 10(10D): Why High-Premium Life Insurance Might Lose Its Tax Exemption For most Indian[…]

Form PAS-6 Guide: Compliance, Filing Process, and Penalties

Understanding Form PAS-6: The Critical Compliance for Share Capital Reconciliation In the evolving landscape of[…]

CCFS-2026: The Ultimate Compliance Reset Guide for Defaulting Companies

MCA’s CCFS-2026: A Golden Opportunity for Companies to Regularize Compliances In a significant move to[…]

New TDS Rules on Property Purchase 2026-27: Reporting System and Compliance Guide

The New Era of TDS on Property Purchases: Navigating Section 194-IA under the Income-tax Act,[…]

New Form 141 and Rent TDS Rules: Complete Guide for April 2026 Transition

The Evolution of Rent TDS Reporting: Navigating Form No. 141 and Schedule A In the[…]

Madras High Court: Court Not a Platform for Settling Personal Disputes

Taxpayer Relief: ITAT Ahmedabad Rules on Bad Debts Write-off and Section 154 Rectifications In a[…]

MCA Proposes Company Incorporation Rule Changes to Reduce Compliance Burden | MCA Updates 2026

MCA’s New Draft Amendments: A Leap Toward Seamless Company Incorporation In a significant move aimed[…]

ITAT Disallows Excessive Partner Remuneration Without Extraordinary Work Proof

ITAT Upholds Disallowance on Excessive Remuneration: Analyzing the Intersection of Section 40(b) and 40A(2)(b) In[…]

Section 50C & Section 54: MOU Date vs. Registration Date | Mumbai ITAT Ruling

Section 50C & Section 54: Navigating the MOU vs. Registration Date Conflict – Insights from[…]

Form 141 TDS on Property: New Rules and Transition from Form 26QB 2026

Significant Changes in TDS on Immovable Property: Transitioning to Form 141 and Form 132 For[…]

Guide to Section 10(23C) Tax Exemptions for Educational and Medical Institutions

Comprehensive Guide to Section 10(23C) Exemption for Educational, Medical, and Charitable Institutions Section 10(23C) of[…]

ITAT Delhi: TDS Credit Denied Due to Form 26AS Mismatch is Illegal under Section 143(1)

TDS Credit Cannot Be Denied Due to 26AS Mismatch Under Section 143(1): A Landmark Ruling[…]

ITAT Quashes Time-Barred Section 148 Notice for AY 2015-16 After 01.04.2021

Reopening for AY 2015-16 After 01.04.2021: Why ITAT Quashed the Section 148 Notice as Time-Barred[…]

ITAT Rules No Tax on Property Deals Within 10% Gap of DVO Value

No Tax on Property Deals Within 10% Gap: ITAT Extends Safe Harbour to DVO Valuations[…]

MCA Flags 3-4 Day Delay in Certificates of Incorporation From April 1

Understanding the MCA Advisory: Why Certificate of Incorporation is Facing Delays from April 1st As[…]

2026 India Tax Changes: Relief for Salaried Employees & Senior Citizen Explained

Significant Tax Reforms Effective April 1, 2026: A Comprehensive Guide for Salaried Professionals and Senior[…]

Startup Tax Holiday: Eligibility Limit Raised to ₹300 Crore for Startups

The ₹300 Crore Game-Changer: Decoding the Enhanced Startup Tax Holiday under Finance Bill 2026 In[…]

ITAT Rules No TDS Under Section 194-IA if Individual Buyer’s Share is Below ₹50 Lakh

ITAT Clarifies Section 194-IA Scope: No TDS Liability if Buyer’s Share is Below ₹50 Lakh[…]

Legal Requirements for Proving Interspousal Gifts and Separate Property Ownership

Gifts Between Spouses: Why Documentation Matters Under the Income Tax Act In the realm of[…]

How to Convert an OPC to a Private Limited Company: A Step-by-Step Guide

Seamless Growth: A Comprehensive Guide to Converting an OPC into a Private Limited Company In[…]

Full Section 54 Exemption Without Capital Gain Scheme Deposit: ITAT Ruling

Full Section 54 Exemption Allowed Even Without Capital Gain Scheme Deposit: A Landmark Relief by[…]

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