Income Tax

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February 27, 2025

CBDT Amends Due Dates for Furnishing of Statements in Form 64A and 64E by Business Trust & Securitisation Trust

Notification F. No. 370142/28/2024-TPL, dated … Continue reading “CBDT Amends Due Dates for Furnishing of Statements in Form 64A and 64E by Business Trust & Securitisation Trust”

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February 27, 2025

Adjustment of GST Value in Total Consideration to Accommodate Increase in GST Rate Not Covered Under Sec. 56(2)(x) | ITAT

Case Details: Jayantilal Umashankar Chavji … Continue reading “Adjustment of GST Value in Total Consideration to Accommodate Increase in GST Rate Not Covered Under Sec. 56(2)(x) | ITAT”

Blog, News, Income Tax

February 26, 2025

[Opinion] Streamlining Taxation for Non-Profit Organizations | Key Reforms in the New Income Tax Bill, 2025

Krishan Shaw & Utkarsh Tulsian … Continue reading “[Opinion] Streamlining Taxation for Non-Profit Organizations | Key Reforms in the New Income Tax Bill, 2025”

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February 26, 2025

No Relief From Penalty if Assessee Failed to Explain Possession of Incriminating Docs Recovered During Search | ITAT

Case Details: Rajendra Agarwal v. … Continue reading “No Relief From Penalty if Assessee Failed to Explain Possession of Incriminating Docs Recovered During Search | ITAT”

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February 25, 2025

[Opinion] Middle Class Cheers Budget 2025 Changes

Rohit Garg & Priyanka Jain … Continue reading “[Opinion] Middle Class Cheers Budget 2025 Changes”

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February 25, 2025

CCIT Can Extend Period for Bringing Immovable Property to Sale if No Bidders Appeared in Auction | HC

Case Details: Maniyan Sureshkumar v. … Continue reading “CCIT Can Extend Period for Bringing Immovable Property to Sale if No Bidders Appeared in Auction | HC”

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February 22, 2025

CBDT Notifies Circular on TDS for Salaries | Circular 24/2022 Remains Applicable for FY 2024-25

Circular No. 3/ 2025, dated … Continue reading “CBDT Notifies Circular on TDS for Salaries | Circular 24/2022 Remains Applicable for FY 2024-25”

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February 21, 2025

Amendment by FA 2024 Regarding Credit of TCS to Be Given to Person Other Than Collectee is Retrospective in Nature | ITAT

Case Details: Anshul Anil Goel … Continue reading “Amendment by FA 2024 Regarding Credit of TCS to Be Given to Person Other Than Collectee is Retrospective in Nature | ITAT”

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February 21, 2025

CBDT Extends Due Date for Filing of Form 56F for AY 2024-25 to March 31, 2025

Circular no. 2/2025, dated 18-02-2025 … Continue reading “CBDT Extends Due Date for Filing of Form 56F for AY 2024-25 to March 31, 2025”

Blog, News, Income Tax

February 20, 2025

[Opinion] Income Tax Bill 2025 – A Great Opportunity?

Vivek Raju P – [2025] … Continue reading “[Opinion] Income Tax Bill 2025 – A Great Opportunity?”