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Tax Consequences Of Credit Card Bill Payment In Cash

As per the Central Board of Direct Taxes (CBDT) the payments made in cash...

Income Tax Act Contains 298 Sections and 14 Schedules While In New Proposed SIMPLIFIED Income Tax Bill 2025 There Are 536 Clauses And 16...

Yeah, the irony is real! The idea of "simplification" often turns into more complexity,...

10 Points On Income Tax Bill 2025

The new Income Tax Bill 2025 is likely to be introduced in Parliament on...

Tax on Gold in India: A Comprehensive Guide 2025

The article “Tax on Gold in India: A Comprehensive Guide 2025” covers all relevant...

Reality Check: Exemption Available To Depreciable Assets Withdrawn In New Income Tax Bill 2025 

The article is written by CA Deepak Gadgil, who is into direct and indirect...

Pre-Deposit For Income Tax Appeal

In a move to ease the financial burden on businesses and improve cash flow,...

​​TDS Threshold Increased From April 2025: Check New Limits

The Budget 2025 proposed to hike the threshold limit of Tax Deducted at Source...

PRIVACY UNDER THREAT | Income Tax Dept. May Access Digital Accounts

Reportedly, a groundbreaking amendment to India’s Income Tax laws is set to take effect...

Income Tax Dept. Starts Investigation Against Unlisted Share Deals and Tax Evasion In OFS Transactions

The Income Tax (I-T) Department has launched a large-scale investigation into potential tax evasion...

You Still Pay Income Tax On Income Arising From Transfers Made To Daughter-in-Law

In a recent clarification, the Income Tax Department has reiterated that income derived from...

Detailed Analysis of the Income Tax Act: Key Sections for Taxpayers and Businesses

The Income Tax Act of 1961 is the cornerstone of India's tax system. It...

15th March is Approaching: Everything You Need to Know About Advance Tax Payment

As the financial year 2024-25 nears its end, taxpayers must ensure they meet their...

Latest articles

Interest on Govt. Grant Funds Must Remain Part of Project Corpus, Not Taxable Income: ITAT

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that interest...

Addition Based on Unverified Third-Party Digital Records Can’t Survive Scrutiny: ITAT

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...

Retrospective Application of BNS Unconstitutional: Allahabad High Court Quashes FIR Against Panchayat Secretary For Non-Deposit Of TDS/GST

The Allahabad High Court has quashed a criminal case registered against a Gram Panchayat...

Cash Deposits Can’t Be Taxed as Unexplained Money When Supported by Earlier Bank Withdrawals: ITAT

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...