Income Tax

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April 26, 2025

[Opinion] Allowability of Provisions for Expenses Under the Income Tax Act, 1961

Shubham Jain – [2025] 173 … Continue reading “[Opinion] Allowability of Provisions for Expenses Under the Income Tax Act, 1961”

Blog, News, Income Tax

April 26, 2025

Expenses Incurred to Settle Proceedings Initiated Under SEBI, SCRA, Depositories & Competition Act Are Not Allowable | CBDT

Notification No. 38/2025, dated 23-04-2025 … Continue reading “Expenses Incurred to Settle Proceedings Initiated Under SEBI, SCRA, Depositories & Competition Act Are Not Allowable | CBDT”

Blog, News, Income Tax

April 26, 2025

Section 206C(1F) TCS Applicable on Sale of Single Item of Notified Goods Exceeding Rs. 10 Lakh; CBDT Clarifies

FAQs, dated 24-04-2025 Finance (No. … Continue reading “Section 206C(1F) TCS Applicable on Sale of Single Item of Notified Goods Exceeding Rs. 10 Lakh; CBDT Clarifies”

News, Blog, Income Tax

April 24, 2025

CBDT Notifies ‘National Mission for Clean Ganga’ for Sec. 10(46A) Exemption

Notification No. 37/2025, dated 22-04-2025 … Continue reading “CBDT Notifies ‘National Mission for Clean Ganga’ for Sec. 10(46A) Exemption”

Blog, News, Income Tax

April 24, 2025

CBDT Notifies 10 Luxury Goods Liable to TCS | List Includes Home Theatre Systems, Shoes, Handbags

Notification No. 36/2025, dated 22-04-2025 … Continue reading “CBDT Notifies 10 Luxury Goods Liable to TCS | List Includes Home Theatre Systems, Shoes, Handbags”

Blog, News, Income Tax

April 23, 2025

Gold and Silver Rates as of March 31, 2025

News, dated 22-04-2025 As of … Continue reading “Gold and Silver Rates as of March 31, 2025”

Blog, News, Income Tax

April 23, 2025

HC Justified Sec. 68 Additions as Assessee Couldn’t Co-Relate Cash Found During Search With Amount Noted in Loose Papers

Case Details: Ramchandra Dada Shinde … Continue reading “HC Justified Sec. 68 Additions as Assessee Couldn’t Co-Relate Cash Found During Search With Amount Noted in Loose Papers”

Blog, News, Income Tax

April 22, 2025

Promotion of Sports is a Charitable Activity; Mere Insertion of Proviso Wouldn’t Change Its Nature | ITAT

Case Details: Deputy Commissioner Income-tax … Continue reading “Promotion of Sports is a Charitable Activity; Mere Insertion of Proviso Wouldn’t Change Its Nature | ITAT”

Blog, News, Income Tax

April 22, 2025

[Opinion] Welcome Changes Providing Clarity for Computing Total Undisclosed Income in Search Cases

V K Subramani – [2025] … Continue reading “[Opinion] Welcome Changes Providing Clarity for Computing Total Undisclosed Income in Search Cases”

Blog, Income Tax

April 22, 2025

Tax Rates | Surcharge | Cess for AY 2025-26 and 2026-27

Stay updated with the latest … Continue reading “Tax Rates | Surcharge | Cess for AY 2025-26 and 2026-27”