New tax rules amendments for religious organizations and institutions by Central Board of Direct Taxes
Central Board of Direct Taxes issues regulations pertaining to any Finance Act or forms new regulations regarding tax in the country. The finance act of... Read More
Income Tax
- Your guide to understanding and filing income tax returns.
- Simplify your tax filing process with expert advice.
- Learn about the different types of income tax, including individual income tax, corporate income tax, and more. Understand the income tax slabs, deductions, and exemptions applicable to various income sources.
- Get expert advice on tax planning and saving strategies to minimize your tax liability. Learn how to file your income tax return accurately and on time, avoiding penalties and interest charges.
- Stay up-to-date with the latest income tax news, circulars, and notifications. Access useful tools like income tax calculators, TDS calculators, and form 16 download links.
Jurisdictional Requirements should be met for Penal Charges to be applicable under Section 271AAA
2 min read
There is a protocol that is followed in every search and seizure operation conducted by the Income Tax Department. The Assessing officer has guidelines to... Read More
Basic Accounting Principles for Lawyers
3 min read
Basic Accounting Principles for Lawyers Very few lawyers are also accountants and few accountants have a legal background. This means that many law firms are... Read More
The Assessing Officer cannot point Fake Purchase under section 69C
The Assessing Officer cannot point Fake Purchase under section 69C, in a case where all the sales and purchase transactions are appropriately mentioned in the... Read More
If you true in paying the Tax, CIT can also be wrong as clear from this case
If you true in paying the Tax, CIT can also be wrong as clear from this case. The assessee filed the appeal in disagreement with... Read More
If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny
If a case is manually selected for the inspection, CIT needs to manifest the application of mind for granting approval for scrutiny. Details of M/s Brothers... Read More
Form 10A and Rule 17A May See an Amendment in Future: CBDT Issues Draft Notification
Central Board of Direct Taxes has issued a statement that the present Finance Act, 2017, will be incorporated with a fresh clause (ab) in sub-section... Read More
Reopening of assessment- Change of Opinion or Failure to apply Mind- Crescent Construction Co vs. ACIT (ITAT Mumbai)
Discussion on reopening of assessments in the context of “change of opinion” vs. “failure to apply mind,” under s. 147/148, read with section 114 of... Read More
Delhi High Court takes serious note on Coercion and threats by Tax Officials -Case of Digipro Import and Export Pvt. Ltd vs. UOI
Know in detail about the Delhi High Court Case: Digipro Import & Export Pvt. Ltd vs. UOI. Critical obloquies passed to convict the unlawful practice... Read More
Cameron Pte Ltd (Singapore) vs. ADIT (ITAT Jaipur) Case – Notice Under 143(2) must be Served Within the Specified Time Before the Expiry of the Restricted Period
The notice under the provisions of section 143(2) of the Income tax Act is issued when the Assessing Officer (AO) evaluates the tax return submitted... Read More
ITAT Amritsar: No Section 269SS Violation for One-Time Cash Payment Before Sub-Registrar 
Tax Officials Unleash Digital Dragnet: How New Raid Powers Redefine Privacy, Property Rights in India and likely to Fuel Corruption 
Income Tax Department Rewards for Reporting Tax Evasion: A Comprehensive Guide 
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged?