20 Feb, 2023

Interest For Delay in Deposit of TDS/TCS a...

When filing income tax, there are several situations that can result in a person being liable to pay interest, such as ...

20 Feb, 2023

How to Revise Income Tax Return (ITR) Onli...

Revised Income Tax Return (ITR) is a way for taxpayers to correct errors or omissions in the original Income Tax Re...

20 Feb, 2023

Reassessment Under Section 148 Based on Ch...

The case at hand involves a housing society registered under the Maharashtra Cooperative Societies Act, which filed its...

19 Feb, 2023

CIT(A) Cannot Decide Appeal Ex-Parte Merel...

In a recent case of Prime ABGB (P) Ltd. v. National Faceless Appeal Centre, New Delhi, the court held that the Commissi...

19 Feb, 2023

Are You a Salaried Employee with Foreign I...

As a salaried individual who has foreign income, receiving an income tax notice can be a daunting experience. However, ...

18 Feb, 2023

Benefits of Section 54F Cannot Be Denied E...

In a recent judgment, the Delhi Income Tax Appellate Tribunal (ITAT) dismissed the appeal filed by the Revenue and uphe...

18 Feb, 2023

Passing an Order Under Section 148A(d) Lea...

The Assessee in this case was involved in trading cryptocurrency and had made investments worth Rs. 4,65,72,546 towards...

18 Feb, 2023

Expenses Incurred By Partner is Deductible...

In a recent tax dispute, the issue of deductibility of car expenses by a partner was brought to light. The assessee in ...

18 Feb, 2023

Presumptive Taxation Scheme Not To Apply W...

The Income Tax Appellate Tribunal (ITAT) Chennai recently delivered a judgement in the case of DCIT, Trichy. v. Sriniva...

17 Feb, 2023

Interest on Fixed Deposit Does Not Fall Un...

The taxation rules for interest earned on fixed deposits held with a bank have been clarified by the recent Krishna Kum...

17 Feb, 2023

Interest Under Section 234A and 234B Shoul...

This is a legal case where the appellant, an individual, had failed to file his income tax return for the assessment ye...

16 Feb, 2023

Mistakes in Filing Income Tax Returns by D...

Are you a taxpayer who mistakenly declared a much higher income on your income tax return? Did the assessing officer pr...

Are You a Salaried Employee and Received Income Tax Notice? Don’t Worry! We Will Guide You To Handle Income Tax Notice

15 Feb, 2023

Are You a Salaried Employee and Received I...

Receiving an income tax notice can be a source of stress and confusion for salaried employees. However, it is important...

Reopening Income Tax Case By Issuing Notice Under Section 148A: Processing of ITR under section 143(1) does not amount to framing an opinion

15 Feb, 2023

Reopening Income Tax Case By Issuing Notic...

In the realm of tax law, the processing of an Income tax return under section 143(1) does not equate to an assessment o...

Income Tax Scrutiny Notice 148A: Sets aside reassessment proceedings as no Information and material that formed the basis for issuing the impugned notice was supplied

15 Feb, 2023

Income Tax Scrutiny Notice 148A: Sets asid...

The Delhi High Court has issued a ruling regarding a writ petition filed by the Assessee against the Revenue's reassess...

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