Income Tax

Blog, News, Income Tax

February 27, 2025

Adjustment of GST Value in Total Consideration to Accommodate Increase in GST Rate Not Covered Under Sec. 56(2)(x) | ITAT

Case Details: Jayantilal Umashankar Chavji … Continue reading “Adjustment of GST Value in Total Consideration to Accommodate Increase in GST Rate Not Covered Under Sec. 56(2)(x) | ITAT”

Blog, News, Income Tax

February 26, 2025

[Opinion] Streamlining Taxation for Non-Profit Organizations | Key Reforms in the New Income Tax Bill, 2025

Krishan Shaw & Utkarsh Tulsian … Continue reading “[Opinion] Streamlining Taxation for Non-Profit Organizations | Key Reforms in the New Income Tax Bill, 2025”

Blog, News, Income Tax

February 26, 2025

No Relief From Penalty if Assessee Failed to Explain Possession of Incriminating Docs Recovered During Search | ITAT

Case Details: Rajendra Agarwal v. … Continue reading “No Relief From Penalty if Assessee Failed to Explain Possession of Incriminating Docs Recovered During Search | ITAT”

Blog, News, Income Tax

February 25, 2025

[Opinion] Middle Class Cheers Budget 2025 Changes

Rohit Garg & Priyanka Jain … Continue reading “[Opinion] Middle Class Cheers Budget 2025 Changes”

Blog, News, Income Tax

February 25, 2025

CCIT Can Extend Period for Bringing Immovable Property to Sale if No Bidders Appeared in Auction | HC

Case Details: Maniyan Sureshkumar v. … Continue reading “CCIT Can Extend Period for Bringing Immovable Property to Sale if No Bidders Appeared in Auction | HC”

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February 22, 2025

CBDT Notifies Circular on TDS for Salaries | Circular 24/2022 Remains Applicable for FY 2024-25

Circular No. 3/ 2025, dated … Continue reading “CBDT Notifies Circular on TDS for Salaries | Circular 24/2022 Remains Applicable for FY 2024-25”

Blog, News, Income Tax

February 21, 2025

Amendment by FA 2024 Regarding Credit of TCS to Be Given to Person Other Than Collectee is Retrospective in Nature | ITAT

Case Details: Anshul Anil Goel … Continue reading “Amendment by FA 2024 Regarding Credit of TCS to Be Given to Person Other Than Collectee is Retrospective in Nature | ITAT”

News, Blog, Income Tax

February 21, 2025

CBDT Extends Due Date for Filing of Form 56F for AY 2024-25 to March 31, 2025

Circular no. 2/2025, dated 18-02-2025 … Continue reading “CBDT Extends Due Date for Filing of Form 56F for AY 2024-25 to March 31, 2025”

Blog, News, Income Tax

February 20, 2025

[Opinion] Income Tax Bill 2025 – A Great Opportunity?

Vivek Raju P – [2025] … Continue reading “[Opinion] Income Tax Bill 2025 – A Great Opportunity?”

Blog, News, Income Tax

February 20, 2025

Signing of Instrument of Conveyance Doesn’t Raise Any Presumption of Income to Be Assessed in Hands of Other Co-Owner | HC

Case Details: Smt. Shivani Madan … Continue reading “Signing of Instrument of Conveyance Doesn’t Raise Any Presumption of Income to Be Assessed in Hands of Other Co-Owner | HC”