Income Tax

Blog, News, Income Tax

March 31, 2025

Govt. Amends Form 3CD; New Clause 36B Inserted to Report Sum Received for Buyback of Shares

Notification no. 23/2025, 28-03-2025 The … Continue reading “Govt. Amends Form 3CD; New Clause 36B Inserted to Report Sum Received for Buyback of Shares”

Blog, News, Income Tax

March 31, 2025

CBDT Directs CCIT to Reduce/Waive Interest Charged Due to Technical Glitches Beyond Control of Deductor/Collector

Circular no. 5/2025, 28-03-2025 The … Continue reading “CBDT Directs CCIT to Reduce/Waive Interest Charged Due to Technical Glitches Beyond Control of Deductor/Collector”

Blog, News, Income Tax

March 31, 2025

Small Savings Scheme Rates Remain Unchanged for Q1 FY 2025-26 | FinMin

Notification F. No. 1/4/2019-NS, dated … Continue reading “Small Savings Scheme Rates Remain Unchanged for Q1 FY 2025-26 | FinMin”

News, Blog, Income Tax

March 30, 2025

Interest Exp. Incurred on Loan Taken to Advance to Family Members & Related Firms Allowable u/s 57(iii) | ITAT

Case Details: Shantiben K Rita … Continue reading “Interest Exp. Incurred on Loan Taken to Advance to Family Members & Related Firms Allowable u/s 57(iii) | ITAT”

Blog, News, Income Tax

March 28, 2025

Income Tax Offices to Remain Open on 29th, 30th and 31st March 2025 | CBDT

F. No. 225/53/2024-ITA-II, dated 26-03-2025 … Continue reading “Income Tax Offices to Remain Open on 29th, 30th and 31st March 2025 | CBDT”

Blog, News, Income Tax

March 28, 2025

Sale Consideration to Be Excluded From Assessee’s Income if He Was Only a Name Lender in Sale Deed | ITAT

Case Details: Vinod Nihalchand Jain … Continue reading “Sale Consideration to Be Excluded From Assessee’s Income if He Was Only a Name Lender in Sale Deed | ITAT”

Blog, News, Income Tax

March 27, 2025

[Opinion] Section 37 | The Magic Provision of the Income Tax Act

Gopal Nathani – [2025] 172 … Continue reading “[Opinion] Section 37 | The Magic Provision of the Income Tax Act”

Blog, News, Income Tax

March 27, 2025

CBDT Amends TP Safe Harbour Rules, Increasing Threshold and Adding Lithium-Ion Batteries for EVs as ‘Core Auto Components’

Notification No. 21/2025, dated 25-03-2025 … Continue reading “CBDT Amends TP Safe Harbour Rules, Increasing Threshold and Adding Lithium-Ion Batteries for EVs as ‘Core Auto Components’”

Blog, News, Income Tax

March 26, 2025

Govt. Releases FAQs on Changes Introduced in the Finance Bill 2025, as Passed by Lok Sabha

FAQs, dated 25-03-2025 The Lok … Continue reading “Govt. Releases FAQs on Changes Introduced in the Finance Bill 2025, as Passed by Lok Sabha”

Blog, Finance Act, Income Tax

March 26, 2025

Taxmann’s Analysis | Key Amendments to Finance Bill 2025 as Passed by the Lok Sabha

The Finance Bill 2025, as … Continue reading “Taxmann’s Analysis | Key Amendments to Finance Bill 2025 as Passed by the Lok Sabha”