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[…]
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[…]
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[…]
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[…]
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[…]
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[…]
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[…]
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[…]
Crypto Tax India: 2026 Budget Updates & Current Laws Explained
The Evolving Landscape of Cryptocurrency Taxation in India: From Current Laws to Budget 2026 The[…]
Inherited Property: Capital Gains Tax Exemptions for Legal Heirs
Owner Dies After Sale: Can the Legal Heir Claim Section 54 Capital Gain Exemption? In[…]
ITAT Deletes ₹1.47 Cr Disallowance: Free Gift Scheme Validated as Business Promotion Expense
Free Gift Schemes as Valid Business Promotion: Analyzing the ITAT’s Deletion of ₹1.47 Cr Disallowance[…]
New Rules for Revised Returns: More Time to Correct at a Cost
More Time to Correct, But at a Cost: Understanding the New Updated and Revised Return[…]
Advance Tax 2025: Payment Rules, Dates, and Interest Guide
Advance Tax under the Income Tax Act: A Comprehensive Guide to Compliance and Deadlines The[…]
Strategic Shift in Tax Administration: Understanding Updated Returns After Reassessment Notices
The Strategic Evolution of Updated Returns: Analyzing the Budget 2025-26 Proposals As a Chartered Accountant,[…]
New Form 15G and 15H: Simplified Tax Guidelines for All Taxpayers
The End of 15G and 15H: Navigating the New Unified Form for TDS Exemptions In[…]
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