The Income Tax Department frequently runs campaigns and issues clarifications regarding the reporting of foreign assets...
1. What is Form 15CB?Form 15CB is a certification issued by a Chartered Accountant (CA) in situations where pay...
When Non-Resident Indians (NRIs) return to India permanently or for an uncertain period, their residential status c...
In India, rental income from house property is charged under the head “Income from House Property.” However, before...
The presumptive taxation scheme under Section 44ADA is a simplified method of calculating taxable income for profession...
The Income-tax Act, 1961, provides various provisions to ease the tax compliance burden for small taxpayers, partic...
The Institute of Chartered Accountants of India (ICAI) has submitted its suggestions for the Union Budget 2025 and rele...
The Goods and Services Tax (GST) framework in India has been constantly evolving to address various compliance and admi...
India, as a growing economy, has seen significant engagement in international trade, with businesses actively involved ...
In a recent decision, the Income Tax Appellate Tribunal (ITAT) in Delhi dealt with an appeal filed by the Assessee, Mr....
Income tax law is complex, and at times, disputes arise between taxpayers and the authorities. A recent case before...
The Goods and Services Tax (GST) department is pleased to announce that the technical challenges experienced with the e...
The Goods and Services Tax (GST) system was introduced to simplify the indirect tax structure in many countries, includ...
In a significant development, the Central Board of Direct Taxes (CBDT) has revised the monetary limits for filing incom...
Quashing of Reassessment Proceedings: Legal Grounds and Impact on PenaltyIn a recent case, the appeals in ITA No. 1...
