Income Tax

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April 15, 2025

No Penalty Under Black Money Act if Assessee Was Only Joint Holder of Foreign Asset for Administrative Purposes | ITAT

Case Details: Sanjay Bhupatrai Shah … Continue reading “No Penalty Under Black Money Act if Assessee Was Only Joint Holder of Foreign Asset for Administrative Purposes | ITAT”

News, Blog, Income Tax

April 15, 2025

[Opinion] Section 194-IB – Arguable Case for Exemption to Salaried Individual From Deduction of Tax on Rent Paid

Gopal Nathani – [2025] 173 … Continue reading “[Opinion] Section 194-IB – Arguable Case for Exemption to Salaried Individual From Deduction of Tax on Rent Paid”

Blog, News, Income Tax

April 11, 2025

Surcharge to Be Levied on Private Discretionary Trust Shall Be Computed as per Slab Rates | ITAT Special Bench

Case Details: Araadhya Jain Trust … Continue reading “Surcharge to Be Levied on Private Discretionary Trust Shall Be Computed as per Slab Rates | ITAT Special Bench”

News, Blog, Income Tax

April 10, 2025

CBDT Notifies 30-04-2025 as the Last Date to File Declaration Under Vivad Se Vishwas Scheme

Notification No. 32/2025, dated 07-04-2025 … Continue reading “CBDT Notifies 30-04-2025 as the Last Date to File Declaration Under Vivad Se Vishwas Scheme”

Blog, News, Income Tax

April 10, 2025

CBDT Notifies Bonds Issued by HUDCO as ‘Long-Term Specified Asset’ for Sec. 54EC Exemption

Notification No. 31/2025, dated 07-04-2025 … Continue reading “CBDT Notifies Bonds Issued by HUDCO as ‘Long-Term Specified Asset’ for Sec. 54EC Exemption”

Blog, Income Tax

April 10, 2025

[Analysis] ITR-B Form Notified | Everything You Need to Know

ITR-B is a specialised Income … Continue reading “[Analysis] ITR-B Form Notified | Everything You Need to Know”

Blog, News, Income Tax

April 10, 2025

[Opinion] Section 194T | Ushering a New Era of Tax Compliance for Partnership Firms

Dr Shruti Kakkar & CA … Continue reading “[Opinion] Section 194T | Ushering a New Era of Tax Compliance for Partnership Firms”

News, Blog, Income Tax

April 10, 2025

CBDT Notifies Form ‘ITR-B’ for Furnishing ITR for Block Assessment

Notification no. 30/2025, dated 07-04-2025 … Continue reading “CBDT Notifies Form ‘ITR-B’ for Furnishing ITR for Block Assessment”

Blog, News, Income Tax

April 8, 2025

No Disallowance of Cost of Improvement Just Because It Wasn’t Mentioned in Sale Deed | ITAT

Case Details: Nagajyothi Myneni vs. … Continue reading “No Disallowance of Cost of Improvement Just Because It Wasn’t Mentioned in Sale Deed | ITAT”

Blog, News, Income Tax

April 8, 2025

[Opinion] Passing the Torch, Preserving the Legacy | Smart and Tax-Efficient Succession Planning

Poonita Harsh Kundra – [2025] … Continue reading “[Opinion] Passing the Torch, Preserving the Legacy | Smart and Tax-Efficient Succession Planning”