Excessive tax deductions trigger audits when claims are disproportionate to income, lack documentation, or mismatch AIS data. Taxpayers face scrutiny if claims are ...
Understand how Section 54/54F applies to long-term capital gains when demolishing and reconstructing a house, with key rulings and compliance ...
With the passage of 30.09.2025, the limitation period for issuing fresh notices under Section 73 (Non-Fraud Cases) for FY 2021-22 has now expired. Hence, no new notices can be issued for that period, ...
A summary of the current Indian economy's landscape, detailing its strengths, including a young workforce, strong service sector, and market growth, alongside weaknesses like low R&D funding, high ...
ITAT Mumbai quashes PCIT’s S. 263 revision against Colgate Palmolive, holding PCIT cannot disregard binding Coordinate Bench order based merely on Supreme Court appeal ...
India has laid down its ambitious Maritime Indian Vision 2030 with a view to establish it as maritime hub. In the last decade only, the cargo handling has risen from 581 (in FY 2014-15) to 855 million ...
ITAT Delhi has quashed the assessment framed for AY 2018-19 & dismissed Revenue’s appeals for AYs 2014-15 to 2017-18. The Tribunal held that the assessment was vitiated since approval was granted ...
NCLT Chennai held that application u/s. 10 of the Insolvency and Bankruptcy Code admitted for initiation of Corporate Insolvency Resolution Process [CIRP] against Corporate Applicant since there is a ...
1. In course of NFRA’s enforcement, review and mon­itoring activities, auditor’s communication with Those Charged with Governance (TCWG) (includ­ing the Audit Committees) has been variously ...
Electric car adoption in India is slowed by high costs, primarily driven by expensive, imported lithium-ion batteries and a higher quantity of semiconductor chips per ...
SEBI has shifted AIF co-investments from the CPMS route to new Co-Investment Vehicle (CIV) Schemes under AIF Regulations, simplifying structure and reducing costs for accredited ...
Missing the ITR due date u/s 139(1) mandates the use of the new tax regime, as the option to choose the old regime or file Form 10−IEA is ...