This article explores landmark judgments on capital gain tax exemptions under Sections 54 and 54F of the Income Tax Act, ...

A will be implemented. Manual entry of HSN codes will no longer be allowed, with taxpayers required to select codes from a ...

Karnataka Labour Welfare Board monitors the KLWF. The Board receives fund contribution from employees and employer’s and ...

A. The income Tax Act, requires residents to disclose their foreign assets and income from foreign sources in their Income Tax Returns. This means only assessees with residential status as resident ...

A unified tax structure that converges elements of the Old and New Tax Regimes can simplify compliance while retaining taxpayer benefits. The following rationalized tax slab structure combines the ...

Filling Schedules FSI, TR, and FA in the ITR demands very careful reporting of foreign income, tax credits, as well as foreign assets. By adhering to the guidelines above and maintaining consistency, ...

While PPF remains a strong choice for risk-averse investors seeking a safe and tax-efficient investment, SIPs emerge as the clear winner for those aiming to reach Rs. 3 crore faster. The higher return ...

IN RETROSPECT. While 2024 has seen many changes in GST law, rules and tax jurisprudence including setting up and steps towards constitution of GSTAT ...

In the matter abovementioned ITAT remanded the matter to CIT (A) after observing that no proper opportunity was given to assessee and assessee was able to substantiate the addtions made by AO if ...

It was argued on behalf of the revenue that tribunal was not justified in passing the order as it is an admitted fact that ...

AO made addition of Rs. 22,89,114/- by estimating 8% of the gross receipts from sale of Airtel recharge coupons. AO, further, made addition of Rs.2,22,376/- u/s. 69A on account of difference between ...

3. In compliance of the Committee Decision vide EFC Meeting held on 15.04.2024, the EFC is reconvened to review the ...