Significance of Disclosing Foreign Company ESOPs and Foreign Assets

3 Dec, 2024

Significance of Disclosing Foreign Company...

With the globalization of companies and the rise of startup culture, businesses are finding innovative ways to reward t...

Reopening u/s 147 based merely on the AIR  information liable to be quashed

2 Dec, 2024

Reopening u/s 147 based merely on the AIR ...

In a recent judgment, the Income Tax Appellate Tribunal (ITAT) in Delhi, quashed the reopening of an assessment un...

Allotment letter issued by Builder constitutes an agreement under Income tax act

2 Dec, 2024

Allotment letter issued by Builder constit...

Background of the CaseThe assessee filed his income tax return on 31st August 2015, declaring a total income of...

Gifting of Immovable Property in India to NRIs

2 Dec, 2024

Gifting of Immovable Property in India to ...

Transfer of immovable property has always been a hot topic, encompassing various methods such as sale, gift, relinq...

Importance of Reporting Foreign Assets in Your ITR: Lessons from the Current Tax Information Exchange System

23 Nov, 2024

Importance of Reporting Foreign Assets in ...

In recent years, the global tax landscape has changed dramatically, especially with the introduction of robust info...

GST ASMT-10 Notices: The Growing Wave of Investigations on Input Tax Credit Mismatches for FY 2020-21

23 Nov, 2024

GST ASMT-10 Notices: The Growing Wave of I...

The Goods and Services Tax (GST) framework has always emphasized compliance, transparency, and accountability. Rece...

Important Advisory on GSTR-2B and IMS

18 Nov, 2024

Important Advisory on GSTR-2B and IMS

Date: November 16, 2024The GST Network (GSTN) has issued an advisory to address concerns raised by some taxpayers r...

CBDT Launches Campaign to Help Taxpayers Report Foreign Assets for AY 2024-25

18 Nov, 2024

CBDT Launches Campaign to Help Taxpayers R...

The Central Board of Direct Taxes (CBDT) has introduced a special campaign to help taxpayers correctly report their for...

Mandatory Income Tax Return Filing Beyond Basic Income Thresholds

17 Jun, 2024

Mandatory Income Tax Return Filing Beyond ...

In the era of income tax regulations in India, filing one's tax return is not always contingent solely upon surpassing ...

Income Tax on PPF Interest

17 Jun, 2024

Income Tax on PPF Interest

Public Provident Fund (PPF) is a popular long-term investment option in India, known for its safety, attractive interes...

Senior Citizens are not required to ITR in these conditions

17 Jun, 2024

Senior Citizens are not required to ITR in...

In the realm of income taxation in India, age plays a significant role in determining the status and applicable rules f...

These taxpayers cannot use ITR-4 for ITR filing for FY 2023-24 (AY 2024-25)

17 Jun, 2024

These taxpayers cannot use ITR-4 for ITR f...

The Income Tax Return (ITR) Form 4, also known as Sugam, is a simplified form aimed at small taxpayers who have opted f...

Tax Slabs for AY 2024-25

17 Jun, 2024

Tax Slabs for AY 2024-25

It is crucial for taxpayers in India to understand the prevailing tax slabs and their implications. The tax slabs deter...

Who should not use ITR-1 Form for FY 2023-24 (AY 2024-25)

17 Jun, 2024

Who should not use ITR-1 Form for FY 2023-...

The Income Tax Return Form 1 (ITR-1), also known as Sahaj, is a simplified form for individual taxpayers. It is designe...

Income Tax Forms Applicable on Salaried Individuals

15 Jun, 2024

Income Tax Forms Applicable on Salaried In...

Form 12BB - Particulars of claims by an employee for deduction of tax (u/s 192)Provided by: An...

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